CEVA, Inc. (NASDAQ:CEVA) Holdings Raised by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of CEVA, Inc. (NASDAQ:CEVA) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 214,384 shares of the semiconductor company’s stock after buying an additional 2,613 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.91% of CEVA worth $6,764,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. US Bancorp DE boosted 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 valued at $34,000 after purchasing an additional 779 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of CEVA by 63.3% during the 4th quarter. GAMMA Investing LLC now owns 2,379 shares of the semiconductor company’s stock valued at $75,000 after buying an additional 922 shares during the last quarter. Point72 DIFC Ltd grew its stake in shares of CEVA by 16.8% in the 3rd quarter. Point72 DIFC Ltd now owns 2,632 shares of the semiconductor company’s stock valued at $64,000 after buying an additional 378 shares in the last quarter. FMR LLC increased its holdings in CEVA by 56.4% in the third quarter. FMR LLC now owns 3,409 shares of the semiconductor company’s stock worth $82,000 after buying an additional 1,230 shares during the last quarter. Finally, Cornerstone Investment Partners LLC bought a new position in CEVA during the fourth quarter valued at approximately $215,000. 85.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $35.00 target price on shares of CEVA in a research report on Tuesday, February 11th. Northland Securities raised their target price on CEVA from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, December 23rd. Finally, Barclays boosted their price target on CEVA from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.60.

CEVA Price Performance

Shares of CEVA opened at $30.85 on Friday. CEVA, Inc. has a one year low of $16.02 and a one year high of $38.94. The company’s fifty day moving average price is $33.08 and its 200 day moving average price is $29.08. The company has a market capitalization of $734.45 million, a PE ratio of -83.38 and a beta of 1.32.

CEVA (NASDAQ:CEVA) last posted its quarterly earnings data on Thursday, February 13th. The semiconductor company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.16). CEVA had a negative return on equity of 2.48% and a negative net margin of 8.22%. Analysts anticipate that CEVA, Inc. will post -0.12 earnings per share for the current year.

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.