XTX Topco Ltd Makes New $656,000 Investment in CEVA, Inc. (NASDAQ:CEVA)

XTX Topco Ltd purchased a new stake in shares of CEVA, Inc. (NASDAQ:CEVA) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 20,782 shares of the semiconductor company’s stock, valued at approximately $656,000.

A number of other large investors have also recently modified their holdings of CEVA. Jane Street Group LLC raised its position in CEVA by 206.2% during the third quarter. Jane Street Group LLC now owns 137,061 shares of the semiconductor company’s stock valued at $3,310,000 after purchasing an additional 92,295 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of CEVA by 55.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 115,979 shares of the semiconductor company’s stock valued at $2,801,000 after buying an additional 41,573 shares in the last quarter. Barclays PLC raised its holdings in shares of CEVA by 389.8% during the 3rd quarter. Barclays PLC now owns 41,900 shares of the semiconductor company’s stock valued at $1,011,000 after buying an additional 33,346 shares in the last quarter. Geode Capital Management LLC lifted its position in CEVA by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 559,109 shares of the semiconductor company’s stock worth $13,505,000 after buying an additional 3,649 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in CEVA by 59.8% in the third quarter. Franklin Resources Inc. now owns 33,432 shares of the semiconductor company’s stock worth $842,000 after buying an additional 12,515 shares in the last quarter. Institutional investors own 85.37% of the company’s stock.

CEVA Stock Up 1.4 %

Shares of CEVA opened at $22.97 on Friday. The firm has a fifty day simple moving average of $28.91 and a two-hundred day simple moving average of $29.29. CEVA, Inc. has a twelve month low of $16.02 and a twelve month high of $38.94. The stock has a market capitalization of $549.21 million, a P/E ratio of -62.08 and a beta of 1.46.

CEVA (NASDAQ:CEVA) last posted its earnings results on Thursday, February 13th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.16). CEVA had a negative return on equity of 2.48% and a negative net margin of 8.22%. Sell-side analysts expect that CEVA, Inc. will post -0.12 EPS for the current fiscal year.

Insider Transactions at CEVA

In related news, Director Louis Silver sold 4,520 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $30.98, for a total value of $140,029.60. Following the completion of the sale, the director now owns 47,038 shares of the company’s stock, valued at $1,457,237.24. This trade represents a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on CEVA shares. StockNews.com downgraded shares of CEVA from a “buy” rating to a “hold” rating in a research note on Tuesday, April 1st. Northland Securities boosted their price target on shares of CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, December 23rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $35.00 price objective on shares of CEVA in a research note on Tuesday, February 11th. Finally, Barclays lifted their price objective on CEVA from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.60.

About CEVA

CEVA, Inc provides silicon and software IP solutions to semiconductor and original equipment manufacturer (OEM) companies worldwide. Its 5G mobile and infrastructure products include Ceva-XC vector digital signal processors (DSPs) for 5G handsets, 5G RAN, and general-purpose baseband processing; PentaG-RAN, an open ran platform for base station and radio; and PentaG2 – 5G NR modem platform for UE, as well as for non-handset 5G vertical markets, such as fixed wireless access, industry 4.0, robotics, and AR/VR devices.