CEVA, Inc. (NASDAQ:CEVA) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of CEVA, Inc. (NASDAQ:CEVA) have received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $27.00.

Separately, Roth Mkm lowered their price objective on CEVA from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, May 10th.

Insider Transactions at CEVA

In other news, Director Louis Silver sold 3,934 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $20.72, for a total value of $81,512.48. Following the completion of the sale, the director now directly owns 40,576 shares in the company, valued at approximately $840,734.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CEVA

Several hedge funds and other institutional investors have recently modified their holdings of CEVA. Vanguard Group Inc. increased its stake in CEVA by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 2,969,107 shares of the semiconductor company’s stock worth $67,428,000 after buying an additional 62,734 shares in the last quarter. Senvest Management LLC increased its stake in CEVA by 1.6% in the 4th quarter. Senvest Management LLC now owns 1,894,223 shares of the semiconductor company’s stock worth $43,018,000 after buying an additional 30,092 shares in the last quarter. Acadian Asset Management LLC increased its stake in CEVA by 67.9% in the 1st quarter. Acadian Asset Management LLC now owns 523,614 shares of the semiconductor company’s stock worth $11,887,000 after buying an additional 211,697 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in CEVA by 1,693.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 321,602 shares of the semiconductor company’s stock worth $7,284,000 after buying an additional 303,673 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in CEVA by 13,776.3% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 180,947 shares of the semiconductor company’s stock worth $4,110,000 after buying an additional 179,643 shares in the last quarter. 85.37% of the stock is currently owned by hedge funds and other institutional investors.

CEVA Stock Up 0.3 %

Shares of CEVA opened at $19.29 on Friday. The business’s 50 day moving average price is $19.86 and its 200-day moving average price is $21.26. CEVA has a 52 week low of $16.38 and a 52 week high of $27.65. The stock has a market cap of $454.86 million, a P/E ratio of -36.40 and a beta of 1.16.

CEVA (NASDAQ:CEVA) last issued its quarterly earnings results on Thursday, May 9th. The semiconductor company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.06). CEVA had a negative return on equity of 5.70% and a negative net margin of 12.91%. The company had revenue of $22.07 million during the quarter, compared to the consensus estimate of $23.06 million. On average, equities analysts anticipate that CEVA will post -0.32 EPS for the current year.

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.