Oregon Public Employees Retirement Fund Takes $184,000 Position in CEVA, Inc. (CEVA)

Oregon Public Employees Retirement Fund acquired a new stake in CEVA, Inc. (NASDAQ:CEVA) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 8,329 shares of the semiconductor company’s stock, valued at approximately $184,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Penserra Capital Management LLC boosted its position in CEVA by 43.6% during the 4th quarter. Penserra Capital Management LLC now owns 1,761 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 535 shares during the last quarter. Arizona State Retirement System boosted its position in CEVA by 5.5% during the 4th quarter. Arizona State Retirement System now owns 33,729 shares of the semiconductor company’s stock worth $745,000 after acquiring an additional 1,770 shares during the last quarter. Campbell Newman Asset Management Inc. boosted its position in CEVA by 11.5% during the 4th quarter. Campbell Newman Asset Management Inc. now owns 21,276 shares of the semiconductor company’s stock worth $470,000 after acquiring an additional 2,197 shares during the last quarter. ETF Managers Group LLC boosted its position in CEVA by 11.6% during the 4th quarter. ETF Managers Group LLC now owns 23,086 shares of the semiconductor company’s stock worth $510,000 after acquiring an additional 2,407 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in CEVA by 6.8% during the 3rd quarter. Legal & General Group Plc now owns 46,776 shares of the semiconductor company’s stock worth $1,342,000 after acquiring an additional 2,986 shares during the last quarter. Institutional investors and hedge funds own 88.74% of the company’s stock.

CEVA has been the subject of a number of recent research reports. BidaskClub raised CEVA from a “sell” rating to a “hold” rating in a research report on Tuesday, November 20th. ValuEngine downgraded CEVA from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 2nd. Northland Securities downgraded CEVA from an “outperform” rating to a “market perform” rating and set a $27.00 price target for the company. in a research report on Thursday, February 14th. Canaccord Genuity reaffirmed a “buy” rating and set a $35.00 price target (down previously from $41.00) on shares of CEVA in a research report on Wednesday, February 13th. Finally, Cowen reduced their price target on CEVA from $35.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday, February 14th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $33.43.

NASDAQ CEVA opened at $28.52 on Friday. The company has a market capitalization of $616.67 million, a PE ratio of 259.27 and a beta of 1.75. CEVA, Inc. has a 12 month low of $20.40 and a 12 month high of $39.00.

CEVA (NASDAQ:CEVA) last released its quarterly earnings data on Wednesday, February 13th. The semiconductor company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.15 by $0.08. The company had revenue of $21.40 million during the quarter, compared to the consensus estimate of $22.07 million. CEVA had a return on equity of 1.00% and a net margin of 0.74%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. Analysts forecast that CEVA, Inc. will post -0.08 earnings per share for the current year.

In other news, EVP Issachar Ohana sold 6,670 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $28.00, for a total value of $186,760.00. Following the completion of the sale, the executive vice president now owns 34,616 shares of the company’s stock, valued at approximately $969,248. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.00% of the company’s stock.

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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 programmable digital signal processor (DSP) cores and application-specific platforms for imaging, computer vision, deep learning, sound, voice, and audio processing; and long range wireless technologies for LTE/5G baseband processing in IoT, handsets, and infrastructure, as well as short range wireless platforms for Wi-Fi and Bluetooth.

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Institutional Ownership by Quarter for CEVA (NASDAQ:CEVA)

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