Short Interest Coverage: Ceva Incorporated (NASDAQ:CEVA)’s Trend Up, Especially After Decreased Shorts

November 29, 2016 - By Linda Rogers   ·   0 Comments

Short Interest Coverage: Ceva Incorporated (NASDAQ:CEVA)’s Trend Up, Especially After Decreased Shorts

The stock of Ceva Incorporated (NASDAQ:CEVA) registered a decrease of 0.49% in short interest. CEVA’s total short interest was 364,100 shares in November as published by FINRA. Its down 0.49% from 365,900 shares, reported previously. With 87,500 shares average volume, it will take short sellers 4 days to cover their CEVA’s short positions. The short interest to Ceva Incorporated’s float is 2.08%. The stock closed at $32.05 during the last session. It is down 40.02% since April 26, 2016 and is uptrending. It has outperformed by 34.76% the S&P500.

CEVA, Inc. is a licensor of signal processing intellectual property (IP). The company has a market cap of $683.64 million. The Firm 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). It has a 67.28 P/E ratio. The Firm operates in the segment of licensing of intellectual property to semiconductor companies and electronic equipment manufacturers.

Insitutional Activity: The institutional sentiment increased to 1.46 in Q2 2016. Its up 0.14, from 1.32 in 2016Q1. The ratio increased, as 10 funds sold all CEVA, Inc. shares owned while 37 reduced positions. 22 funds bought stakes while 40 increased positions. They now own 15.30 million shares or 15.81% less from 18.17 million shares in 2016Q1.
Wells Fargo Mn last reported 0% of its portfolio in the stock. Bogle Invest Limited Partnership De holds 0.02% of its portfolio in CEVA, Inc. (NASDAQ:CEVA) for 10,551 shares. Ranger Invest Mgmt Lp last reported 624,153 shares in the company. The Ohio-based Huntington Bancorp has invested 0% in CEVA, Inc. (NASDAQ:CEVA). Blackrock reported 1,975 shares or 0% of all its holdings. Oberweis Asset Management Incorporated, a Illinois-based fund reported 84,000 shares. Federated Investors Pa has 238 shares for 0% of their US portfolio. State Common Retirement Fund has 0% invested in the company for 45,548 shares. Lord Abbett Limited Liability has invested 0.01% of its portfolio in CEVA, Inc. (NASDAQ:CEVA). Rice Hall James Associates Limited Liability Company has 490,014 shares for 0.77% of their US portfolio. Ameriprise last reported 151,311 shares in the company. Nationwide Fund Advisors has 0% invested in the company for 13,172 shares. Putnam Invests Ltd Llc holds 209,529 shares or 0.01% of its portfolio. Blackrock Gru last reported 24,662 shares in the company. Invesco reported 86,192 shares or 0% of all its holdings.

Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 6 insider sales for $12.23 million net activity. Senvest Management – LLC had sold 155,100 shares worth $4.56M. $770,897 worth of CEVA, Inc. (NASDAQ:CEVA) was sold by MANN BRUCE on Friday, August 26. 43,342 shares were sold by WERTHEIZER GIDEON, worth $1.36 million.

CEVA, Inc. (NASDAQ:CEVA) Ratings Coverage

Out of 10 analysts covering Ceva (NASDAQ:CEVA), 10 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Ceva has been the topic of 16 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Thursday, October 15 by Ladenburg Thalmann. The rating was maintained by Topeka Capital Markets with “Buy” on Monday, May 2. The firm earned “Buy” rating on Wednesday, December 16 by Wunderlich. On Thursday, September 29 the stock rating was initiated by Roth Capital with “Buy”. The firm has “Buy” rating given on Monday, January 11 by Ladenburg Thalmann. Canaccord Genuity maintained CEVA, Inc. (NASDAQ:CEVA) on Tuesday, November 3 with “Buy” rating. Benchmark maintained CEVA, Inc. (NASDAQ:CEVA) on Tuesday, November 10 with “Buy” rating. The stock of CEVA, Inc. (NASDAQ:CEVA) has “Hold” rating given on Tuesday, November 10 by Wunderlich. The firm has “Buy” rating given on Thursday, September 3 by Canaccord Genuity. Oppenheimer maintained the stock with “Outperform” rating in Tuesday, November 3 report.

CEVA Company Profile

CEVA, Inc. (CEVA), incorporated on December 3, 2003, is a licensor of signal processing intellectual property (IP). The Firm 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). The Firm operates in the segment of licensing of intellectual property to semiconductor companies and electronic equipment manufacturers. CEVA addresses the requirements of the mobile, consumer, automotive, industrial and IoT markets by designing and licensing a range of application-specific signal processing platforms, which enable the design of solutions for developing a range of applications, including communications and connectivity, audio and voice, imaging and vision, and storage.

More notable recent CEVA, Inc. (NASDAQ:CEVA) news were published by: Nasdaq.com which released: “Surging Earnings Estimates Signal Good News for CEVA Inc. (CEVA)” on November 28, 2016, also Prnewswire.com with their article: “CEVA, Inc. Announces Third Quarter 2016 Financial Results” published on November 02, 2016, Prnewswire.com published: “REMINDER: CEVA, Inc. Third Quarter 2016 Earnings Release and Conference Call …” on November 01, 2016. More interesting news about CEVA, Inc. (NASDAQ:CEVA) were released by: Prnewswire.com and their article: “CEVA, Inc. Schedules Third Quarter 2016 Earnings Release and Conference Call” published on October 10, 2016 as well as Prnewswire.com‘s news article titled: “CEVA, Inc. Announces Fourth Quarter and 2015 Financial Results” with publication date: February 03, 2016.

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By Linda Rogers


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