CEVA, Inc. (NASDAQ:CEVA) CFO Yaniv Arieli sold 8,614 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $49.25, for a total transaction of $424,239.50. Following the completion of the transaction, the chief financial officer now owns 40,372 shares of the company’s stock, valued at $1,988,321. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of CEVA, Inc. (NASDAQ CEVA) opened at $49.75 on Friday. The company has a market cap of $1,093.26, a P/E ratio of 55.28, a P/E/G ratio of 3.23 and a beta of 0.77. CEVA, Inc. has a 12-month low of $29.00 and a 12-month high of $50.30.

CEVA (NASDAQ:CEVA) last issued its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.08. The business had revenue of $24.00 million during the quarter, compared to the consensus estimate of $21.56 million. CEVA had a net margin of 21.89% and a return on equity of 9.02%. The firm’s quarterly revenue was up 34.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 EPS. sell-side analysts forecast that CEVA, Inc. will post 0.77 earnings per share for the current year.

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Several large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in CEVA by 2.4% in the 2nd quarter. BlackRock Inc. now owns 2,591,984 shares of the semiconductor company’s stock worth $117,806,000 after buying an additional 59,642 shares in the last quarter. Vanguard Group Inc. lifted its position in CEVA by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 1,983,620 shares of the semiconductor company’s stock worth $90,155,000 after buying an additional 53,209 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in CEVA by 61.0% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,334,384 shares of the semiconductor company’s stock worth $60,648,000 after buying an additional 505,443 shares in the last quarter. Oaktop Capital Management II L.P. purchased a new stake in CEVA in the 2nd quarter worth approximately $33,807,000. Finally, Disciplined Growth Investors Inc. MN lifted its position in CEVA by 3.8% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 640,978 shares of the semiconductor company’s stock worth $29,132,000 after buying an additional 23,564 shares in the last quarter. Institutional investors and hedge funds own 87.81% of the company’s stock.

A number of analysts recently weighed in on the stock. Zacks Investment Research cut shares of CEVA from a “hold” rating to a “sell” rating in a report on Monday, November 6th. Canaccord Genuity upped their price target on shares of CEVA from $53.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. BidaskClub downgraded shares of CEVA from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Roth Capital upped their price target 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $46.71.

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).

Insider Buying and Selling by Quarter for CEVA (NASDAQ:CEVA)

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