Maryland State Retirement & Pension System Invests $250,000 in CEVA, Inc. (NASDAQ:CEVA)

Maryland State Retirement & Pension System bought a new stake in CEVA, Inc. (NASDAQ:CEVA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,938 shares of the semiconductor company’s stock, valued at approximately $250,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CEVA. Jane Street Group LLC boosted its stake in shares of CEVA by 206.2% in the 3rd quarter. Jane Street Group LLC now owns 137,061 shares of the semiconductor company’s stock valued at $3,310,000 after purchasing an additional 92,295 shares during the last quarter. ArrowMark Colorado Holdings LLC acquired a new position in CEVA in the third quarter valued at $2,053,000. D.A. Davidson & CO. acquired a new stake in CEVA during the 3rd quarter worth about $1,343,000. JPMorgan Chase & Co. raised its position in shares of CEVA by 55.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 115,979 shares of the semiconductor company’s stock worth $2,801,000 after acquiring an additional 41,573 shares in the last quarter. Finally, Barclays PLC lifted its stake in shares of CEVA by 389.8% in the 3rd quarter. Barclays PLC now owns 41,900 shares of the semiconductor company’s stock valued at $1,011,000 after purchasing an additional 33,346 shares during the period. Institutional investors and hedge funds own 85.37% of the company’s stock.

CEVA Trading Down 2.6 %

Shares of CEVA stock opened at $28.11 on Wednesday. The firm has a fifty day simple moving average of $32.64 and a two-hundred day simple moving average of $29.42. CEVA, Inc. has a 12 month low of $16.02 and a 12 month high of $38.94. The firm has a market capitalization of $669.21 million, a PE ratio of -75.97 and a beta of 1.32.

CEVA (NASDAQ:CEVA) last posted its earnings results on Thursday, February 13th. The semiconductor company reported ($0.05) EPS 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%. On average, equities analysts predict that CEVA, Inc. will post -0.12 earnings per share for the current fiscal year.

Insider Transactions at CEVA

In other CEVA news, Director Louis Silver sold 4,520 shares of CEVA stock in a transaction on Friday, March 14th. The shares were sold at an average price of $30.98, for a total transaction of $140,029.60. Following the transaction, the director now directly owns 47,038 shares of the company’s stock, valued at $1,457,237.24. The trade was a 8.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

CEVA has been the subject of a number of research analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $35.00 target price on shares of CEVA in a report on Tuesday, February 11th. StockNews.com upgraded shares of CEVA from a “hold” rating to a “buy” rating in a research note on Monday. Northland Securities increased their target price on shares of CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, December 23rd. Finally, Barclays lifted their price target on shares of CEVA from $34.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $36.60.

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.