CEVA, Inc. (NASDAQ:CEVA) COO Sells $131,172.78 in Stock

CEVA, Inc. (NASDAQ:CEVA) COO Michael Boukaya sold 1,941 shares of the company’s stock in a transaction on Thursday, February 18th. The stock was sold at an average price of $67.58, for a total transaction of $131,172.78. Following the transaction, the chief operating officer now owns 54,097 shares in the company, valued at approximately $3,655,875.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ CEVA traded down $1.93 during trading hours on Monday, reaching $68.33. 30,117 shares of the company were exchanged, compared to its average volume of 392,193. CEVA, Inc. has a 1 year low of $20.45 and a 1 year high of $83.95. The business’s 50 day simple moving average is $59.43 and its 200-day simple moving average is $45.41. The stock has a market capitalization of $1.52 billion, a P/E ratio of 6,916.00, a P/E/G ratio of 23.97 and a beta of 1.18.

CEVA (NASDAQ:CEVA) last posted its quarterly earnings data on Monday, February 15th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. CEVA had a net margin of 0.05% and a return on equity of 1.26%. During the same quarter in the prior year, the firm earned $0.30 earnings per share. As a group, equities analysts predict that CEVA, Inc. will post -0.09 EPS for the current year.

Several research firms have weighed in on CEVA. Zacks Investment Research upgraded shares of CEVA from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Monday, January 4th. Barclays upped their price objective on shares of CEVA from $42.00 to $64.00 and gave the stock an “equal weight” rating in a report on Thursday. Roth Capital increased their target price on shares of CEVA from $60.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, February 16th. Oppenheimer upgraded shares of CEVA from a “market perform” rating to an “outperform” rating and set a $55.00 target price for the company in a report on Thursday, January 7th. Finally, Northland Securities downgraded shares of CEVA from an “outperform” rating to a “market perform” rating and increased their target price for the company from $51.00 to $78.00 in a report on Wednesday, February 17th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $72.67.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Altshuler Shaham Ltd purchased a new stake in CEVA during the third quarter worth about $30,000. Nisa Investment Advisors LLC purchased a new stake in CEVA during the third quarter worth about $39,000. Point72 Hong Kong Ltd purchased a new stake in CEVA during the third quarter worth about $41,000. Veriti Management LLC purchased a new stake in CEVA during the fourth quarter worth about $47,000. Finally, US Bancorp DE increased its holdings in CEVA by 77.8% during the third quarter. US Bancorp DE now owns 1,300 shares of the semiconductor company’s stock worth $51,000 after buying an additional 569 shares during the last quarter. Institutional investors and hedge funds own 85.90% of the company’s stock.

CEVA Company Profile

CEVA, Inc operates as a licensor of wireless connectivity and smart sensing platforms to semiconductor and original equipment manufacturer (OEM) companies worldwide. It designs and licenses various digital signal processors, AI processors, wireless platforms, and complementary software for sensor fusion, image enhancement, computer vision, voice input, and artificial intelligence (AI).

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