CEVA, Inc. (NASDAQ:CEVA) Director Louis Silver sold 11,295 shares of the stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $42.51, for a total value of $480,150.45. Following the transaction, the director now directly owns 24,132 shares in the company, valued at $1,025,851.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
CEVA, Inc. (NASDAQ CEVA) traded up 0.55% during midday trading on Friday, hitting $45.45. The stock had a trading volume of 262,603 shares. CEVA, Inc. has a 52-week low of $24.55 and a 52-week high of $48.67. The firm has a market capitalization of $979.58 million, a P/E ratio of 64.19 and a beta of 0.62. The firm has a 50-day moving average of $42.69 and a 200 day moving average of $36.37.
CEVA (NASDAQ:CEVA) last posted its earnings results on Thursday, May 4th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. The company had revenue of $21.30 million during the quarter, compared to the consensus estimate of $20.98 million. CEVA had a net margin of 19.90% and a return on equity of 7.99%. The firm’s quarterly revenue was up 29.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 earnings per share. On average, equities analysts forecast that CEVA, Inc. will post $1.13 EPS for the current year.
Several research firms have recently weighed in on CEVA. Benchmark Co. increased their price target on CEVA from $42.00 to $50.00 and gave the company a “buy” rating in a report on Monday, June 5th. Oppenheimer Holdings, Inc. increased their price target on CEVA from $37.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Canaccord Genuity increased their price target on CEVA from $41.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, April 25th. Zacks Investment Research raised CEVA from a “sell” rating to a “hold” rating in a report on Tuesday, April 4th. Finally, Wunderlich reissued a “buy” rating and set a $40.00 price target on shares of CEVA in a report on Monday, March 27th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $41.14.
A number of hedge funds and other institutional investors have recently bought and sold shares of CEVA. Goldman Sachs Group Inc. increased its position in CEVA by 62.1% in the first quarter. Goldman Sachs Group Inc. now owns 102,955 shares of the semiconductor company’s stock worth $3,655,000 after buying an additional 39,449 shares in the last quarter. State Street Corp increased its position in CEVA by 11.6% in the first quarter. State Street Corp now owns 573,784 shares of the semiconductor company’s stock worth $20,373,000 after buying an additional 59,831 shares in the last quarter. Bank of America Corp DE increased its position in CEVA by 70.6% in the first quarter. Bank of America Corp DE now owns 38,781 shares of the semiconductor company’s stock worth $1,377,000 after buying an additional 16,052 shares in the last quarter. Weiss Multi Strategy Advisers LLC purchased a new position in shares of CEVA during the first quarter worth $888,000. Finally, Schwab Charles Investment Management Inc. increased its position in shares of CEVA by 5.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 88,723 shares of the semiconductor company’s stock worth $3,150,000 after buying an additional 4,782 shares during the period. Institutional investors own 93.95% of the company’s stock.
CEVA, Inc (CEVA) is a licensor of signal processing intellectual property (IP). The Company partners with semiconductor companies and original equipment manufacturers (OEMs) to create connected devices for a range of end markets, including mobile, consumer, automotive, industrial and Internet of things (IoT).
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