CEVA, Inc. (NASDAQ:CEVA) Sees Significant Decrease in Short Interest

CEVA, Inc. (NASDAQ:CEVA) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 617,300 shares, a drop of 8.9% from the December 31st total of 677,700 shares. Based on an average daily volume of 198,000 shares, the short-interest ratio is currently 3.1 days.

CEVA Trading Up 0.2 %

CEVA stock opened at $32.21 on Monday. CEVA has a 1-year low of $16.02 and a 1-year high of $34.71. The firm has a fifty day moving average price of $31.98 and a two-hundred day moving average price of $26.57.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CEVA. StockNews.com lowered shares of CEVA from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Northland Securities lifted their price objective on shares of CEVA from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, December 23rd. Rosenblatt Securities lifted their price objective on shares of CEVA from $28.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Roth Mkm lifted their price objective on shares of CEVA from $25.00 to $40.00 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 five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.20.

Institutional Trading of CEVA

Large investors have recently modified their holdings of the company. Jane Street Group LLC increased its holdings 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 worth $3,310,000 after acquiring an additional 92,295 shares during the period. Barclays PLC increased its holdings in shares of CEVA by 389.8% in the 3rd quarter. Barclays PLC now owns 41,900 shares of the semiconductor company’s stock worth $1,011,000 after acquiring an additional 33,346 shares during the period. JPMorgan Chase & Co. increased its holdings 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 during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of CEVA by 8.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 222,962 shares of the semiconductor company’s stock worth $5,385,000 after acquiring an additional 16,463 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of CEVA by 97.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 211,771 shares of the semiconductor company’s stock worth $5,114,000 after acquiring an additional 104,453 shares during the period. Institutional investors and hedge funds own 85.37% of the company’s stock.

CEVA Company 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.