Credit Suisse AG lowered its stake in CEVA, Inc. (NASDAQ:CEVA) by 25.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,159 shares of the semiconductor company’s stock after selling 6,124 shares during the period. Credit Suisse AG owned approximately 0.08% of CEVA worth $644,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. BlackRock Inc. increased its stake in shares of CEVA by 149,831.4% in the first quarter. BlackRock Inc. now owns 2,532,342 shares of the semiconductor company’s stock valued at $89,898,000 after buying an additional 2,530,653 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of CEVA by 5.1% in the first quarter. Vanguard Group Inc. now owns 1,930,411 shares of the semiconductor company’s stock worth $68,530,000 after buying an additional 94,517 shares in the last quarter. AWM Investment Company Inc. increased its stake in shares of CEVA by 1.6% in the first quarter. AWM Investment Company Inc. now owns 1,125,068 shares of the semiconductor company’s stock worth $39,940,000 after buying an additional 17,658 shares in the last quarter. State Street Corp increased its stake in shares of 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. Finally, Neuberger Berman Group LLC increased its stake in shares of CEVA by 1.1% in the first quarter. Neuberger Berman Group LLC now owns 476,553 shares of the semiconductor company’s stock worth $16,918,000 after buying an additional 5,137 shares in the last quarter. 87.29% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CEVA, Inc. (NASDAQ:CEVA) traded down 0.96% during midday trading on Tuesday, hitting $41.15. 29,727 shares of the company’s stock were exchanged. The stock has a market cap of $903.82 million, a PE ratio of 54.43 and a beta of 0.63. CEVA, Inc. has a 1-year low of $28.15 and a 1-year high of $48.67. The stock’s 50 day moving average is $44.19 and its 200-day moving average is $40.23.

CEVA (NASDAQ:CEVA) last posted its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. CEVA had a return on equity of 8.24% and a net margin of 20.52%. The company had revenue of $20.57 million during the quarter, compared to analysts’ expectations of $19.66 million. During the same period in the prior year, the business earned $0.21 earnings per share. CEVA’s revenue for the quarter was up 20.3% compared to the same quarter last year. Analysts predict that CEVA, Inc. will post $1.14 earnings per share for the current fiscal year.

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A number of equities research analysts have commented on CEVA shares. Roth Capital increased their price objective on shares of CEVA from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Monday, July 31st. BidaskClub downgraded shares of CEVA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Canaccord Genuity reissued a “buy” rating and issued a $45.00 price objective on shares of CEVA in a research report on Tuesday, July 11th. Benchmark Co. increased their price objective on shares of CEVA from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, June 5th. Finally, Oppenheimer Holdings, Inc. increased their price objective on shares of CEVA from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $44.71.

In other news, Director Peter Mcmanamon sold 1,497 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $45.00, for a total value of $67,365.00. Following the completion of the sale, the director now directly owns 264,054 shares of the company’s stock, valued at $11,882,430. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.90% of the stock is currently owned by corporate insiders.

About CEVA

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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Institutional Ownership by Quarter for CEVA (NASDAQ:CEVA)

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