CEVA, Inc. (NASDAQ:CEVA) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in shares of CEVA, Inc. (NASDAQ:CEVA) by 4.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 112,094 shares of the semiconductor company’s stock after selling 4,963 shares during the quarter. Principal Financial Group Inc.’s holdings in CEVA were worth $2,707,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Point72 DIFC Ltd increased its stake in shares of CEVA by 16.8% during the 3rd quarter. Point72 DIFC Ltd now owns 2,632 shares of the semiconductor company’s stock worth $64,000 after purchasing an additional 378 shares in the last quarter. Centaurus Financial Inc. increased its position in CEVA by 2.5% during the third quarter. Centaurus Financial Inc. now owns 18,083 shares of the semiconductor company’s stock worth $437,000 after buying an additional 433 shares in the last quarter. US Bancorp DE increased its position in CEVA by 125.8% during the third quarter. US Bancorp DE now owns 1,398 shares of the semiconductor company’s stock worth $34,000 after buying an additional 779 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of CEVA by 4.6% in the third quarter. Tidal Investments LLC now owns 18,260 shares of the semiconductor company’s stock worth $441,000 after acquiring an additional 808 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of CEVA by 338.9% in the third 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 in the last quarter. Institutional investors and hedge funds own 85.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CEVA shares. StockNews.com downgraded shares of CEVA from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Roth Mkm boosted their price objective on shares of CEVA from $25.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Rosenblatt Securities upped their price objective on shares of CEVA from $28.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Northland Securities lifted their target price on shares of CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, December 23rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.20.

CEVA Price Performance

CEVA opened at $32.05 on Friday. The stock has a market capitalization of $757.25 million, a price-to-earnings ratio of -228.91 and a beta of 1.27. CEVA, Inc. has a 12 month low of $16.02 and a 12 month high of $33.44. The business has a 50-day moving average of $29.46 and a two-hundred day moving average of $24.58.

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.