First Wilshire Securities Management Inc. Has $13.76 Million Holdings in Ceragon Networks Ltd. (NASDAQ:CRNT)

First Wilshire Securities Management Inc. decreased its holdings in shares of Ceragon Networks Ltd. (NASDAQ:CRNT) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,946,346 shares of the communications equipment provider’s stock after selling 35,861 shares during the quarter. Ceragon Networks makes up about 3.7% of First Wilshire Securities Management Inc.’s holdings, making the stock its 10th biggest position. First Wilshire Securities Management Inc. owned approximately 3.45% of Ceragon Networks worth $13,759,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CRNT. Navellier & Associates Inc. acquired a new position in Ceragon Networks during the fourth quarter worth $1,804,000. Inspire Investing LLC bought a new stake in shares of Ceragon Networks during the 4th quarter worth about $903,000. JPMorgan Chase & Co. increased its holdings in shares of Ceragon Networks by 481.7% during the 4th quarter. JPMorgan Chase & Co. now owns 221,539 shares of the communications equipment provider’s stock valued at $1,035,000 after acquiring an additional 183,452 shares during the last quarter. Walleye Capital LLC raised its stake in shares of Ceragon Networks by 95.1% in the 3rd quarter. Walleye Capital LLC now owns 283,933 shares of the communications equipment provider’s stock valued at $778,000 after acquiring an additional 138,411 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of Ceragon Networks in the 4th quarter valued at approximately $547,000. Institutional investors own 13.31% of the company’s stock.

Ceragon Networks Price Performance

NASDAQ:CRNT opened at $2.36 on Wednesday. Ceragon Networks Ltd. has a one year low of $2.29 and a one year high of $5.73. The company has a fifty day moving average price of $3.37 and a 200 day moving average price of $3.48. The stock has a market cap of $209.66 million, a P/E ratio of 8.74 and a beta of 1.62.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CRNT shares. StockNews.com downgraded Ceragon Networks from a “buy” rating to a “hold” rating in a report on Thursday, March 20th. Craig Hallum started coverage on shares of Ceragon Networks in a research note on Thursday, March 13th. They issued a “buy” rating and a $5.00 target price on the stock. Litchfield Hills Research initiated coverage on shares of Ceragon Networks in a research report on Tuesday, December 3rd. They set a “buy” rating and a $10.00 target price for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $6.00 price target on shares of Ceragon Networks in a research report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Ceragon Networks presently has a consensus rating of “Buy” and a consensus target price of $6.38.

Ceragon Networks Profile

Ceragon Networks Ltd., together with its subsidiaries, provides wireless transport solutions for cellular operators and other wireless service providers in North America, Europe, Africa, the Asia Pacific, the Middle East, India, and Latin America. The company's solutions use microwave and millimeter wave radio technology to transfer telecommunication traffic between base stations, small/distributed cells, and the service provider's network.