CEVA, Inc. (NASDAQ:CEVA) Director Sven Christer Nilsson Sells 19,909 Shares

CEVA, Inc. (NASDAQ:CEVA) Director Sven Christer Nilsson sold 19,909 shares of CEVA stock in a transaction dated Friday, February 19th. The stock was sold at an average price of $70.00, for a total value of $1,393,630.00. Following the completion of the sale, the director now directly owns 31,090 shares in the company, valued at $2,176,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NASDAQ:CEVA opened at $67.14 on Tuesday. The firm has a market capitalization of $1.49 billion, a PE ratio of 6,714.00, a price-to-earnings-growth ratio of 23.97 and a beta of 1.18. The business has a 50 day simple moving average of $60.92 and a two-hundred day simple moving average of $45.85. CEVA, Inc. has a 1 year low of $20.45 and a 1 year high of $83.95.

CEVA (NASDAQ:CEVA) last announced its quarterly earnings results on Monday, February 15th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. CEVA had a return on equity of 1.26% and a net margin of 0.05%. During the same period last year, the business earned $0.30 earnings per share. Analysts expect that CEVA, Inc. will post -0.09 earnings per share for the current fiscal year.

Several research analysts recently commented on CEVA shares. Roth Capital lifted their price target on CEVA from $60.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, February 16th. Zacks Investment Research lowered CEVA from a “buy” rating to a “hold” rating in a research report on Monday. Northland Securities lowered CEVA from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $51.00 to $78.00 in a research report on Wednesday, February 17th. They noted that the move was a valuation call. Barclays lifted their price target on CEVA from $42.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 18th. Finally, Cowen boosted their target price on CEVA from $62.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, February 17th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. CEVA currently has a consensus rating of “Buy” and an average price target of $72.67.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Congress Asset Management Co. MA boosted its holdings in shares of CEVA by 1.6% in the fourth quarter. Congress Asset Management Co. MA now owns 211,351 shares of the semiconductor company’s stock valued at $9,616,000 after purchasing an additional 3,308 shares during the period. Campbell Newman Asset Management Inc. raised its stake in CEVA by 8.1% in the fourth quarter. Campbell Newman Asset Management Inc. now owns 24,477 shares of the semiconductor company’s stock worth $1,114,000 after buying an additional 1,824 shares in the last quarter. California Public Employees Retirement System raised its stake in CEVA by 3.1% in the third quarter. California Public Employees Retirement System now owns 50,126 shares of the semiconductor company’s stock worth $1,973,000 after buying an additional 1,500 shares in the last quarter. Centaurus Financial Inc. raised its stake in CEVA by 4.5% in the fourth quarter. Centaurus Financial Inc. now owns 15,250 shares of the semiconductor company’s stock worth $694,000 after buying an additional 650 shares in the last quarter. Finally, Nisa Investment Advisors LLC bought a new position in CEVA in the third quarter worth approximately $39,000. Hedge funds and other institutional investors 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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Insider Buying and Selling by Quarter for CEVA (NASDAQ:CEVA)

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