CEVA, Inc. (NASDAQ:CEVA) Shares Bought by Stifel Financial Corp

Stifel Financial Corp grew its stake in CEVA, Inc. (NASDAQ:CEVA) by 31.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 117,497 shares of the semiconductor company’s stock after purchasing an additional 28,248 shares during the quarter. Stifel Financial Corp owned approximately 0.50% of CEVA worth $2,838,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of CEVA. US Bancorp DE raised its stake in CEVA by 125.8% during the third quarter. US Bancorp DE now owns 1,398 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 779 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of CEVA by 338.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,457 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 1,125 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of CEVA during the 2nd quarter valued at approximately $43,000. nVerses Capital LLC bought a new position in CEVA during the second quarter worth $50,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in CEVA in the second quarter worth $65,000. Institutional investors own 85.37% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CEVA. Rosenblatt Securities increased their target price on shares of CEVA from $28.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Roth Mkm increased their price objective on shares of CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, StockNews.com downgraded CEVA from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

CEVA Stock Performance

CEVA stock opened at $32.22 on Wednesday. The firm has a market capitalization of $761.26 million, a P/E ratio of -230.64 and a beta of 1.27. The company has a 50-day simple moving average of $27.37 and a 200-day simple moving average of $23.49. CEVA, Inc. has a one year low of $16.02 and a one year high of $33.34.

CEVA Company Profile

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.