Themes Management Co LLC Makes New Investment in Ceva, Inc. $CEVA

Themes Management Co LLC purchased a new position in shares of Ceva, Inc. (NASDAQ:CEVA) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 43,631 shares of the semiconductor company’s stock, valued at approximately $939,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its holdings in shares of Ceva by 77.6% in the fourth quarter. Hantz Financial Services Inc. now owns 1,446 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 632 shares during the period. State of Wyoming acquired a new position in shares of Ceva in the third quarter valued at approximately $39,000. Russell Investments Group Ltd. increased its holdings in shares of Ceva by 771.8% in the third quarter. Russell Investments Group Ltd. now owns 2,380 shares of the semiconductor company’s stock valued at $63,000 after purchasing an additional 2,107 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Ceva by 422.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,731 shares of the semiconductor company’s stock valued at $60,000 after purchasing an additional 2,208 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Ceva by 47.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,758 shares of the semiconductor company’s stock valued at $145,000 after purchasing an additional 2,172 shares during the period. Institutional investors and hedge funds own 85.37% of the company’s stock.

Ceva Price Performance

Ceva stock opened at $39.43 on Tuesday. Ceva, Inc. has a 1-year low of $17.02 and a 1-year high of $40.53. The company has a market cap of $1.10 billion, a PE ratio of -87.62 and a beta of 1.94. The stock’s 50 day moving average price is $26.03 and its 200 day moving average price is $23.39.

Ceva (NASDAQ:CEVA) last posted its quarterly earnings results on Monday, May 11th. The semiconductor company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $27.02 million for the quarter, compared to the consensus estimate of $26.12 million. Ceva had a negative return on equity of 3.42% and a negative net margin of 10.47%.The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 earnings per share. On average, equities research analysts anticipate that Ceva, Inc. will post -0.24 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Ceva in a report on Friday, May 8th. They issued a “neutral” rating and a $30.00 target price on the stock. UBS Group boosted their target price on Ceva from $42.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Rosenblatt Securities boosted their target price on Ceva from $40.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ceva in a report on Wednesday, April 8th. Finally, TD Cowen boosted their target price on Ceva from $24.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Ceva currently has an average rating of “Moderate Buy” and a consensus price target of $39.44.

Ceva Profile

Ceva, Inc (NASDAQ: CEVA) is a leading licensor of signal processing IP cores and platforms that enable intelligent, connected devices. The company designs a broad portfolio of digital signal processing (DSP) and AI processors, software development toolkits and reference frameworks for applications ranging from 5G wireless communications and Bluetooth connectivity to audio, computer vision, sensor fusion and edge AI. Its solutions target a variety of end markets including smartphones, automotive, IoT devices, smart home, industrial automation and wearable electronics.

Founded in 1999 as a spin-off from DSP Group, Ceva has built its reputation on delivering modular, power-efficient IP that can be customized to meet stringent performance, area and power requirements.