Barclays PLC Boosts Stock Position in CEVA, Inc. (NASDAQ:CEVA)

Barclays PLC increased its stake in shares of CEVA, Inc. (NASDAQ:CEVA) by 389.8% in the third quarter, HoldingsChannel reports. The firm owned 41,900 shares of the semiconductor company’s stock after buying an additional 33,346 shares during the quarter. Barclays PLC’s holdings in CEVA were worth $1,011,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CEVA. Jane Street Group LLC grew its holdings in CEVA by 206.2% in the 3rd quarter. Jane Street Group LLC now owns 137,061 shares of the semiconductor company’s stock valued at $3,310,000 after buying an additional 92,295 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in CEVA by 8.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 222,962 shares of the semiconductor company’s stock valued at $5,385,000 after buying an additional 16,463 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in CEVA by 97.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 211,771 shares of the semiconductor company’s stock valued at $5,114,000 after buying an additional 104,453 shares during the period. Stifel Financial Corp grew its holdings in CEVA by 31.7% in the 3rd quarter. Stifel Financial Corp now owns 117,497 shares of the semiconductor company’s stock valued at $2,838,000 after buying an additional 28,248 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in CEVA in the 3rd quarter valued at about $263,000. Hedge funds and other institutional investors own 85.37% of the company’s stock.

CEVA Stock Performance

Shares of NASDAQ:CEVA opened at $32.04 on Tuesday. CEVA, Inc. has a 1 year low of $16.02 and a 1 year high of $33.44. The stock has a market capitalization of $757.01 million, a P/E ratio of -228.84 and a beta of 1.27. The stock has a 50-day simple moving average of $28.82 and a 200-day simple moving average of $24.32.

Analyst Ratings Changes

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

About CEVA

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.