Centaurus Financial Inc. Buys 433 Shares of CEVA, Inc. (NASDAQ:CEVA)

Centaurus Financial Inc. boosted its stake in shares of CEVA, Inc. (NASDAQ:CEVA) by 2.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,083 shares of the semiconductor company’s stock after buying an additional 433 shares during the quarter. Centaurus Financial Inc.’s holdings in CEVA were worth $437,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CEVA. State Board of Administration of Florida Retirement System bought a new stake in CEVA in the first quarter valued at approximately $245,000. Vanguard Group Inc. boosted its stake in shares of CEVA by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 2,969,107 shares of the semiconductor company’s stock valued at $67,428,000 after purchasing an additional 62,734 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of CEVA during the first quarter worth $423,000. Silverberg Bernstein Capital Management LLC raised its stake in CEVA by 3.9% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 71,824 shares of the semiconductor company’s stock worth $1,385,000 after buying an additional 2,700 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in CEVA in the second quarter valued at $50,000. Institutional investors and hedge funds own 85.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Roth Mkm increased their price target on CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Oppenheimer upped their target price on CEVA from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. StockNews.com downgraded CEVA from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Rosenblatt Securities boosted their price target on CEVA from $28.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

CEVA Price Performance

Shares of CEVA stock opened at $29.47 on Wednesday. The business has a 50-day simple moving average of $25.42 and a 200 day simple moving average of $22.40. CEVA, Inc. has a one year low of $16.02 and a one year high of $31.22. The firm has a market capitalization of $696.38 million, a price-to-earnings ratio of -210.48 and a beta of 1.20.

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.