Silverberg Bernstein Capital Management LLC Has $1.57 Million Stock Holdings in CEVA, Inc. (NASDAQ:CEVA)

Silverberg Bernstein Capital Management LLC lessened its holdings in CEVA, Inc. (NASDAQ:CEVAFree Report) by 5.0% during the first quarter, HoldingsChannel reports. The firm owned 69,124 shares of the semiconductor company’s stock after selling 3,674 shares during the quarter. CEVA accounts for 1.5% of Silverberg Bernstein Capital Management LLC’s holdings, making the stock its 16th largest position. Silverberg Bernstein Capital Management LLC’s holdings in CEVA were worth $1,570,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Congress Asset Management Co. MA acquired a new stake in shares of CEVA in the 4th quarter valued at $383,000. Senvest Management LLC lifted its stake in shares of CEVA by 1.6% in the 4th quarter. Senvest Management LLC now owns 1,894,223 shares of the semiconductor company’s stock valued at $43,018,000 after acquiring an additional 30,092 shares during the last quarter. Trexquant Investment LP bought a new position in shares of CEVA in the 4th quarter valued at $1,731,000. Dynamic Technology Lab Private Ltd bought a new position in shares of CEVA in the 4th quarter valued at $358,000. Finally, Quadrant Capital Group LLC lifted its stake in shares of CEVA by 122.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,163 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 641 shares during the last quarter. Institutional investors and hedge funds own 85.37% of the company’s stock.

Insider Buying and Selling

In related news, Director Louis Silver sold 3,934 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $20.72, for a total transaction of $81,512.48. Following the completion of the transaction, the director now directly owns 40,576 shares of the company’s stock, valued at approximately $840,734.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.40% of the stock is owned by corporate insiders.

CEVA Trading Up 0.8 %

NASDAQ:CEVA traded up $0.16 during trading hours on Friday, hitting $19.16. 723,513 shares of the company were exchanged, compared to its average volume of 132,598. The stock has a market capitalization of $451.79 million, a price-to-earnings ratio of -36.15 and a beta of 1.16. CEVA, Inc. has a one year low of $16.38 and a one year high of $27.65. The company has a fifty day simple moving average of $19.95 and a 200 day simple moving average of $21.37.

CEVA (NASDAQ:CEVAGet Free Report) last announced its earnings results on Thursday, May 9th. The semiconductor company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.06). The company had revenue of $22.07 million for the quarter, compared to the consensus estimate of $23.06 million. CEVA had a negative return on equity of 5.70% and a negative net margin of 12.91%. Equities research analysts predict that CEVA, Inc. will post -0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Roth Mkm dropped their price target on CEVA from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, May 10th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, CEVA has a consensus rating of “Moderate Buy” and an average target price of $27.00.

Get Our Latest Analysis on CEVA

CEVA Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CEVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CEVA, Inc. (NASDAQ:CEVAFree Report).

Institutional Ownership by Quarter for CEVA (NASDAQ:CEVA)

Receive News & Ratings for CEVA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CEVA and related companies with MarketBeat.com's FREE daily email newsletter.