Today The UBS Asset Management Americas Inc. Holds Position in CEVA, Inc. (CEVA)

Today The UBS Asset Management Americas Inc. Holds Position in CEVA, Inc. (CEVA)

UBS Asset Management Americas Inc. continued to hold its stake in CEVA, Inc. (NASDAQ:CEVA) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,799 shares of the company’s stock at the end of the third quarter. UBS Asset Management Americas Inc. owned 0.07% of CEVA worth $519,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Arizona State Retirement System increased its stake in shares of CEVA by 1.0% in the second quarter. Arizona State Retirement System now owns 10,586 shares of the company’s stock worth $288,000 after buying an additional 100 shares in the last quarter. Louisiana State Employees Retirement System increased its position in CEVA by 2.2% in the third quarter. Louisiana State Employees Retirement System now owns 9,300 shares of the company’s stock worth $326,000 after buying an additional 200 shares during the period. BlackRock Advisors LLC increased its position in CEVA by 3.0% in the second quarter. BlackRock Advisors LLC now owns 10,150 shares of the company’s stock worth $276,000 after buying an additional 296 shares during the period. Teachers Advisors Inc. increased its position in CEVA by 0.9% in the second quarter. Teachers Advisors Inc. now owns 32,915 shares of the company’s stock worth $894,000 after buying an additional 299 shares during the period. Finally, Texas Permanent School Fund increased its position in CEVA by 2.2% in the third quarter. Texas Permanent School Fund now owns 15,967 shares of the company’s stock worth $560,000 after buying an additional 338 shares during the period. Institutional investors own 88.14% of the company’s stock.

CEVA, Inc. (NASDAQ:CEVA) traded up 3.56% during mid-day trading on Wednesday, hitting $36.35. 119,069 shares of the stock traded hands. CEVA, Inc. has a 1-year low of $17.10 and a 1-year high of $36.81. The firm has a market cap of $771.71 million, a price-to-earnings ratio of 75.73 and a beta of 0.72. The stock has a 50-day moving average of $33.45 and a 200 day moving average of $31.89.

CEVA (NASDAQ:CEVA) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. The firm had revenue of $17.85 million for the quarter, compared to analysts’ expectations of $17.67 million. CEVA had a net margin of 15.11% and a return on equity of 5.75%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 earnings per share. On average, equities analysts expect that CEVA, Inc. will post $0.91 EPS for the current year.

A number of research firms recently commented on CEVA. Barclays PLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of CEVA in a research report on Wednesday, January 11th. William Blair reaffirmed a “market perform” rating on shares of CEVA in a research report on Wednesday, January 11th. Zacks Investment Research raised shares of CEVA from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Tuesday, November 8th. Roth Capital began coverage on shares of CEVA in a research report on Wednesday, September 28th. They issued a “buy” rating and a $40.00 target price on the stock. Finally, Benchmark Co. set a $36.00 target price on shares of CEVA and gave the company a “buy” rating in a research report on Wednesday, September 28th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. CEVA presently has an average rating of “Buy” and an average target price of $34.33.

CEVA Company Profile

CEVA, Inc (CEVA) is a licensor of signal processing intellectual property (IP). The Company partners with semiconductor companies and original equipment manufacturers (OEMs) to create connected devices for a range of end markets, including mobile, consumer, automotive, industrial and Internet of things (IoT).

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