CEVA, Inc. (NASDAQ:CEVA) Stake Boosted by Jane Street Group LLC

Jane Street Group LLC boosted its stake in shares of CEVA, Inc. (NASDAQ:CEVA) by 206.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 137,061 shares of the semiconductor company’s stock after buying an additional 92,295 shares during the period. Jane Street Group LLC owned about 0.58% of CEVA worth $3,310,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CEVA. US Bancorp DE raised its holdings in shares of 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 acquiring an additional 779 shares during the period. GAMMA Investing LLC grew its position in CEVA by 338.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,457 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 1,125 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in CEVA during the 2nd quarter valued at $43,000. nVerses Capital LLC purchased a new stake in shares of CEVA in the second quarter valued at $50,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of CEVA in the second quarter worth $65,000. 85.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CEVA. Rosenblatt Securities upped their price target on CEVA from $28.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Roth Mkm upped their target price on CEVA from $25.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, StockNews.com cut shares of CEVA from a “buy” rating to a “hold” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

CEVA Price Performance

Shares of NASDAQ CEVA opened at $30.92 on Friday. CEVA, Inc. has a one year low of $16.02 and a one year high of $33.44. The business’s 50-day moving average price is $27.78 and its two-hundred day moving average price is $23.68. The company has a market capitalization of $730.55 million, a P/E ratio of -220.84 and a beta of 1.27.

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.