Pinebridge Investments L.P. lifted its stake in CEVA, Inc. (NASDAQ:CEVA) by 2.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,831 shares of the semiconductor company’s stock after buying an additional 62 shares during the period. Pinebridge Investments L.P.’s holdings in CEVA were worth $128,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CEVA. Wells Fargo & Company MN raised its holdings in shares of CEVA by 3.4% in the 1st quarter. Wells Fargo & Company MN now owns 20,052 shares of the semiconductor company’s stock worth $711,000 after buying an additional 668 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of CEVA by 4.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 28,154 shares of the semiconductor company’s stock worth $998,000 after buying an additional 1,094 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of CEVA by 4.1% in the 1st quarter. First Trust Advisors LP now owns 6,539 shares of the semiconductor company’s stock worth $232,000 after buying an additional 258 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of CEVA by 123.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 10,265 shares of the semiconductor company’s stock worth $364,000 after buying an additional 5,672 shares in the last quarter. Finally, Comerica Bank raised its holdings in shares of CEVA by 4.3% in the 1st quarter. Comerica Bank now owns 23,440 shares of the semiconductor company’s stock worth $860,000 after buying an additional 967 shares in the last quarter. 86.72% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on CEVA. BidaskClub cut CEVA from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Canaccord Genuity restated a “buy” rating and set a $53.00 price target (down from $54.00) on shares of CEVA in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded CEVA from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, October 3rd. Finally, Roth Capital increased their price target on CEVA from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $46.57.

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CEVA, Inc. (NASDAQ:CEVA) opened at 42.65 on Friday. The firm has a 50-day moving average price of $41.60 and a 200-day moving average price of $41.69. CEVA, Inc. has a 12 month low of $28.15 and a 12 month high of $48.67. The company has a market capitalization of $936.76 million, a price-to-earnings ratio of 56.42 and a beta of 0.71.

CEVA (NASDAQ:CEVA) last issued its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. CEVA had a net margin of 20.52% and a return on equity of 8.24%. The company had revenue of $20.57 million for the quarter, compared to analysts’ expectations of $19.66 million. During the same quarter in the previous year, the firm posted $0.21 earnings per share. CEVA’s revenue for the quarter was up 20.3% on a year-over-year basis. On average, equities analysts anticipate that CEVA, Inc. will post $1.13 earnings per share for the current fiscal year.

CEVA Company Profile

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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