Cornercap Investment Counsel Inc. Sells 14,552 Shares of CEVA, Inc. (NASDAQ:CEVA)

Cornercap Investment Counsel Inc. cut its stake in shares of CEVA, Inc. (NASDAQ:CEVA) by 53.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 12,906 shares of the semiconductor company’s stock after selling 14,552 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in CEVA were worth $312,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Aigen Investment Management LP acquired a new position in shares of CEVA in the 3rd quarter valued at about $213,000. GSA Capital Partners LLP bought a new position in shares of CEVA in the third quarter valued at approximately $263,000. Rice Hall James & Associates LLC grew its holdings in shares of CEVA by 5.5% in the third quarter. Rice Hall James & Associates LLC now owns 452,541 shares of the semiconductor company’s stock valued at $10,929,000 after acquiring an additional 23,566 shares in the last quarter. US Bancorp DE grew its holdings 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 purchasing an additional 779 shares during the period. Finally, Creative Planning bought a new position in CEVA during the third quarter valued at $503,000. 85.37% of the stock is owned by institutional investors and hedge funds.

CEVA Stock Performance

Shares of CEVA stock opened at $27.01 on Monday. CEVA, Inc. has a 52-week low of $16.02 and a 52-week high of $30.00. The company has a market capitalization of $638.25 million, a PE ratio of -192.91 and a beta of 1.20. The business’s fifty day moving average is $24.71 and its 200 day moving average is $21.96.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CEVA shares. Rosenblatt Securities increased their target price on CEVA from $28.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Roth Mkm increased their target price on CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. StockNews.com downgraded CEVA from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Oppenheimer increased their price objective on CEVA from $29.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $34.00.

CEVA 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.