Campbell Newman Asset Management Inc. Has $1.22 Million Holdings in CEVA, Inc. (NASDAQ:CEVA)

Campbell Newman Asset Management Inc. raised its position in CEVA, Inc. (NASDAQ:CEVA) by 5.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 28,510 shares of the semiconductor company’s stock after acquiring an additional 1,477 shares during the period. Campbell Newman Asset Management Inc.’s holdings in CEVA were worth $1,217,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its position in shares of CEVA by 7.8% during the third quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the semiconductor company’s stock valued at $474,000 after buying an additional 800 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of CEVA by 6.0% during the third quarter. State of Alaska Department of Revenue now owns 16,741 shares of the semiconductor company’s stock valued at $714,000 after buying an additional 954 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of CEVA by 7.1% during the second quarter. Parametric Portfolio Associates LLC now owns 68,039 shares of the semiconductor company’s stock valued at $3,218,000 after buying an additional 4,496 shares during the last quarter. Morgan Stanley boosted its position in shares of CEVA by 31.3% during the second quarter. Morgan Stanley now owns 198,917 shares of the semiconductor company’s stock valued at $9,407,000 after buying an additional 47,407 shares during the last quarter. Finally, Meitav Dash Investments Ltd. boosted its position in shares of CEVA by 115.6% during the second quarter. Meitav Dash Investments Ltd. now owns 19,401 shares of the semiconductor company’s stock valued at $918,000 after buying an additional 10,401 shares during the last quarter. 78.85% of the stock is owned by hedge funds and other institutional investors.

CEVA has been the topic of several analyst reports. Zacks Investment Research cut CEVA from a “hold” rating to a “sell” rating in a research report on Tuesday, November 16th. Northland Securities reaffirmed a “buy” rating and set a $57.00 target price on shares of CEVA in a research report on Tuesday, September 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, CEVA currently has a consensus rating of “Buy” and an average price target of $58.57.

CEVA stock opened at $44.04 on Friday. The stock’s fifty day simple moving average is $44.81 and its two-hundred day simple moving average is $45.06. CEVA, Inc. has a 1-year low of $38.09 and a 1-year high of $83.95. The stock has a market cap of $1.01 billion, a P/E ratio of -338.77, a P/E/G ratio of 51.12 and a beta of 1.04.

CEVA (NASDAQ:CEVA) last posted its quarterly earnings data on Monday, November 8th. The semiconductor company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.03. CEVA had a positive return on equity of 0.68% and a negative net margin of 2.44%. The business had revenue of $32.79 million for the quarter, compared to analysts’ expectations of $31.05 million. During the same quarter in the previous year, the firm earned $0.01 earnings per share. The business’s revenue was up 31.4% on a year-over-year basis. As a group, equities research analysts forecast that CEVA, Inc. will post 0.04 earnings per share for the current year.

In other CEVA news, CEO Gideon Wertheizer sold 8,409 shares of the business’s stock in a transaction on Wednesday, November 17th. The stock was sold at an average price of $49.68, for a total value of $417,759.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is currently owned by insiders.

About CEVA

CEVA, Inc engages in the licensing of signal processing platforms and artificial intelligence processors to chip manufacturers. The firm offers Digital Signal Processors, AI processors, wireless platforms and complementary software for sensor fusion, image enhancement, computer vision, voice input and artificial intelligence.

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Institutional Ownership by Quarter for CEVA (NASDAQ:CEVA)

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