Parametric Portfolio Associates LLC increased its stake in shares of CEVA, Inc. (NASDAQ:CEVA) by 7.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 34,510 shares of the semiconductor company’s stock after acquiring an additional 2,356 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in CEVA were worth $840,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CEVA. Tyers Asset Management LLC boosted its stake in CEVA by 10.4% in the second quarter. Tyers Asset Management LLC now owns 3,552 shares of the semiconductor company’s stock valued at $87,000 after acquiring an additional 336 shares during the last quarter. Elkfork Partners LLC boosted its stake in CEVA by 10.4% in the second quarter. Elkfork Partners LLC now owns 4,884 shares of the semiconductor company’s stock valued at $119,000 after acquiring an additional 462 shares during the last quarter. Meadow Creek Investment Management LLC boosted its position in shares of CEVA by 10.4% during the second quarter. Meadow Creek Investment Management LLC now owns 6,216 shares of the semiconductor company’s stock worth $151,000 after purchasing an additional 588 shares in the last quarter. Glen Harbor Capital Management LLC boosted its position in shares of CEVA by 10.4% during the second quarter. Glen Harbor Capital Management LLC now owns 7,548 shares of the semiconductor company’s stock worth $184,000 after purchasing an additional 714 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of CEVA by 2.0% during the second quarter. Swiss National Bank now owns 40,800 shares of the semiconductor company’s stock worth $993,000 after purchasing an additional 800 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Maria Marced sold 2,064 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $32.07, for a total transaction of $66,192.48. Following the sale, the director now directly owns 7,121 shares in the company, valued at $228,370.47. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.80% of the company’s stock.

Shares of NASDAQ CEVA traded down $0.48 during midday trading on Monday, reaching $28.48. 575 shares of the stock were exchanged, compared to its average volume of 90,266. The business has a 50-day simple moving average of $30.69 and a two-hundred day simple moving average of $26.91. The company has a market capitalization of $621.17 million, a price-to-earnings ratio of 258.91 and a beta of 1.55. CEVA, Inc. has a 12 month low of $20.40 and a 12 month high of $33.16. The company has a debt-to-equity ratio of 0.03, a current ratio of 8.46 and a quick ratio of 8.46.

CEVA (NASDAQ:CEVA) last issued its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.14. CEVA had a net margin of 1.33% and a return on equity of 1.12%. The business had revenue of $18.40 million for the quarter, compared to analyst estimates of $17.41 million. During the same period last year, the business posted $0.04 earnings per share. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Equities research analysts expect that CEVA, Inc. will post -0.08 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on CEVA. Zacks Investment Research raised shares of CEVA from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Tuesday, October 8th. ValuEngine cut shares of CEVA from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. Northland Securities reissued a “hold” rating and set a $28.00 price target on shares of CEVA in a research report on Thursday, August 8th. Canaccord Genuity lifted their price target on shares of CEVA from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Cowen reissued an “outperform” rating and set a $35.00 price target (up from $29.00) on shares of CEVA in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $31.40.

CEVA Company Profile

CEVA, Inc licenses signal processing platforms and artificial intelligence processors for semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, industrial, and Internet-of-Things (IoT) markets worldwide. The company licenses a family of signal processing intellectual properties (IPs), including platforms for 5G baseband processing in handsets and base station RAN; integrated cellular IoT solutions; digital signal processor (DSP) platforms incorporating voice input algorithms and software for voice enabled devices; and DSP platforms for advanced imaging and computer vision in various camera-enabled devices, as well as a family of self-contained artificial intelligent (AI) processors that address a range of edge applications.

Featured Article: What are some reasons analysts would give stocks a buy rating?

Want to see what other hedge funds are holding CEVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CEVA, Inc. (NASDAQ:CEVA).

Institutional Ownership by Quarter for CEVA (NASDAQ:CEVA)

Receive News & Ratings for CEVA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CEVA and related companies with MarketBeat.com's FREE daily email newsletter.