CEVA, Inc. (NASDAQ:CEVA) director sells $201,126.80 worth of stock
CEVA, Inc. (NASDAQ:CEVA – Get Rating) Director Louis Silver sold 6,104 shares of the company in a trade that took place on Tuesday, June 14. The stock was sold at an average price of $32.95, for a total transaction of $201,126.80. Following the transaction, the administrator now owns 31,904 shares of the company, valued at $1,051,236.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
CEVA stock traded at $1.06 during Wednesday’s trading, hitting $34.01. The stock had a trading volume of 100,408 shares, compared to an average volume of 129,490. The company’s 50-day moving average price is $35.36 and its two-hundred-day moving average price is 38, $60. CEVA, Inc. has a 1-year low of $31.08 and a 1-year high of $52.00. The stock has a market capitalization of $789.17 million, a price-to-earnings ratio of 340.10, a growth price-to-earnings ratio of 9.60 and a beta of 1.04.
CEVA (NASDAQ:CEVA – Get Rating) last announced its results on Tuesday, May 10. The semiconductor company reported earnings per share of $0.03 for the quarter, missing the consensus estimate of $0.04 per ($0.01). CEVA had a net margin of 1.77% and a return on equity of 2.51%. The company posted revenue of $34.39 million in the quarter, compared to analyst estimates of $32.70 million. During the same period of the previous year, the company posted ($0.13) EPS. The company’s revenue for the quarter increased 35.4% compared to the same quarter last year. As a group, analysts predict CEVA, Inc. will post 0.18 earnings per share for the current year.
Several equity research analysts have commented on the CEVA share. StockNews.com took over coverage of CEVA stocks in a Thursday, March 31 research report. They set a “buy” rating on the stock. Rosenblatt Securities upgraded CEVA from a “neutral” rating to a “buy” rating and raised its price target for the stock from $50.00 to $60.00 in a Wednesday, February 16 research note.
A number of hedge funds have recently changed their positions in the stock. Migdal Insurance & Financial Holdings Ltd. increased its stake in CEVA by 130.3% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 760 shares of the semiconductor company valued at $33,000 after buying an additional 430 shares in the last quarter. Voya Investment Management LLC increased its stake in CEVA by 2.3% in the third quarter. Voya Investment Management LLC now owns 22,171 shares of the semiconductor company valued at $946,000 after purchasing an additional 492 shares during the period. Select Equity Group LP increased its stake in CEVA by 6.7% in the first quarter. Select Equity Group LP now owns 8,604 shares of the semiconductor company valued at $350,000 after purchasing an additional 540 shares during the period. DE Shaw & Co. Inc. increased its stake in CEVA by 7.0% in the 4th quarter. DE Shaw & Co. Inc. now owns 8,283 shares of the semiconductor company valued at $358,000 after purchasing an additional 543 shares during the period. Finally, Captrust Financial Advisors increased its stake in CEVA by 36.5% in the 1st quarter. Captrust Financial Advisors now owns 2,129 shares of the semiconductor company valued at $87,000 after buying an additional 569 shares during the period. 80.65% of the shares are held by hedge funds and other institutional investors.
About CEVA (Get an assessment)
CEVA, Inc operates as a licensor of wireless connectivity and smart sensing technologies 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 intelligence. artificial (AI).
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in CEVA right now?
Before you consider CEVA, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and CEVA didn’t make the list.
Although CEVA currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here