Insider Selling: CEVA, Inc. (NASDAQ:CEVA) Director Sells 19,909 Shares of Stock

CEVA, Inc. (NASDAQ:CEVA) Director Sven Christer Nilsson sold 19,909 shares of the business’s stock in a transaction that occurred on Friday, February 19th. The stock was sold at an average price of $70.00, for a total value of $1,393,630.00. Following the transaction, the director now owns 31,090 shares in the company, valued at approximately $2,176,300. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of CEVA stock traded down $1.93 during trading hours on Monday, reaching $68.33. 30,117 shares of the company’s stock were exchanged, compared to its average volume of 392,193. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 6,916.00, a price-to-earnings-growth ratio of 23.97 and a beta of 1.18. The company has a fifty day moving average of $59.43 and a 200-day moving average of $45.41. CEVA, Inc. has a 52-week low of $20.45 and a 52-week high of $83.95.

CEVA (NASDAQ:CEVA) last issued its earnings results on Monday, February 15th. The semiconductor company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.09. CEVA had a return on equity of 1.26% and a net margin of 0.05%. During the same period last year, the company posted $0.30 EPS. As a group, equities analysts forecast that CEVA, Inc. will post -0.09 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Altshuler Shaham Ltd purchased a new position in shares of CEVA in the 3rd quarter worth $30,000. Nisa Investment Advisors LLC acquired a new stake in CEVA in the 3rd quarter valued at $39,000. Point72 Hong Kong Ltd acquired a new stake in CEVA in the 3rd quarter valued at $41,000. Veriti Management LLC acquired a new stake in CEVA in the 4th quarter valued at $47,000. Finally, US Bancorp DE increased its holdings in CEVA by 77.8% in the 3rd quarter. US Bancorp DE now owns 1,300 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 569 shares in the last quarter. 85.90% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently weighed in on CEVA. Cowen upped their price target on CEVA from $62.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, February 17th. Oppenheimer upgraded CEVA from a “market perform” rating to an “outperform” rating and set a $55.00 price target on the stock in a report on Thursday, January 7th. Barclays upped their target price on CEVA from $42.00 to $64.00 and gave the company an “equal weight” rating in a research note on Thursday. Northland Securities lowered CEVA from an “outperform” rating to a “market perform” rating and upped their target price for the company from $51.00 to $78.00 in a research note on Wednesday, February 17th. They noted that the move was a valuation call. Finally, Roth Capital upped their target price on CEVA from $60.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, February 16th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $72.67.

CEVA Company Profile

CEVA, Inc operates as a licensor of wireless connectivity and smart sensing platforms to semiconductor and original equipment manufacturer (OEM) companies worldwide. It designs and licenses various digital signal processors, AI processors, wireless platforms, and complementary software for sensor fusion, image enhancement, computer vision, voice input, and artificial intelligence (AI).

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Insider Buying and Selling by Quarter for CEVA (NASDAQ:CEVA)

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