Meeder Asset Management Inc. Buys New Holdings in CEVA, Inc. (NASDAQ:CEVA)

Meeder Asset Management Inc. purchased a new position in CEVA, Inc. (NASDAQ:CEVA) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,457 shares of the semiconductor company’s stock, valued at approximately $46,000.

A number of other institutional investors also recently bought and sold shares of CEVA. Point72 DIFC Ltd raised its holdings in shares of CEVA by 16.8% during the third quarter. Point72 DIFC Ltd now owns 2,632 shares of the semiconductor company’s stock worth $64,000 after purchasing an additional 378 shares during the last quarter. Magnetar Financial LLC raised its stake in shares of CEVA by 2.8% during the 4th quarter. Magnetar Financial LLC now owns 19,743 shares of the semiconductor company’s stock valued at $623,000 after buying an additional 531 shares during the last quarter. Tidal Investments LLC raised its stake in shares of CEVA by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 18,260 shares of the semiconductor company’s stock valued at $441,000 after buying an additional 808 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of CEVA by 63.3% in the 4th quarter. GAMMA Investing LLC now owns 2,379 shares of the semiconductor company’s stock valued at $75,000 after buying an additional 922 shares during the period. Finally, FMR LLC boosted its stake in shares of CEVA by 56.4% in the third quarter. FMR LLC now owns 3,409 shares of the semiconductor company’s stock worth $82,000 after buying an additional 1,230 shares during the last quarter. 85.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CEVA news, Director Louis Silver sold 4,520 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $30.98, for a total value of $140,029.60. Following the transaction, the director now directly owns 47,038 shares of the company’s stock, valued at $1,457,237.24. This trade represents a 8.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CEVA has been the subject of a number of analyst reports. Barclays boosted their price target on CEVA from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Northland Securities upped their price target on CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, December 23rd. StockNews.com lowered CEVA from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $35.00 target price on shares of CEVA in a research note on Tuesday, February 11th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, CEVA presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.60.

CEVA Price Performance

Shares of NASDAQ:CEVA opened at $25.75 on Wednesday. CEVA, Inc. has a 1 year low of $16.02 and a 1 year high of $38.94. The firm has a market capitalization of $615.68 million, a PE ratio of -69.59 and a beta of 1.32. The business’s 50 day moving average price is $31.88 and its 200-day moving average price is $29.50.

CEVA (NASDAQ:CEVA) last announced its earnings results on Thursday, February 13th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.16). CEVA had a negative return on equity of 2.48% and a negative net margin of 8.22%. As a group, analysts expect that CEVA, Inc. will post -0.12 earnings per share for the current year.

CEVA Company Profile

CEVA, Inc provides silicon and software IP solutions to semiconductor and original equipment manufacturer (OEM) companies worldwide. Its 5G mobile and infrastructure products include Ceva-XC vector digital signal processors (DSPs) for 5G handsets, 5G RAN, and general-purpose baseband processing; PentaG-RAN, an open ran platform for base station and radio; and PentaG2 – 5G NR modem platform for UE, as well as for non-handset 5G vertical markets, such as fixed wireless access, industry 4.0, robotics, and AR/VR devices.