CEVA, Inc. (NASDAQ:CEVA) Receives $34.20 Average Price Target from Brokerages

CEVA, Inc. (NASDAQ:CEVA) has been given a consensus recommendation of “Buy” by the five analysts that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have covered the stock in the last year is $34.20.

A number of equities research analysts have recently commented on CEVA shares. Rosenblatt Securities upped 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. Roth Mkm upped their target price on CEVA from $25.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Northland Securities boosted their price target on CEVA from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday. Finally, StockNews.com lowered shares of CEVA from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.

Institutional Investors Weigh In On CEVA

A number of large investors have recently made changes to their positions in the business. US Bancorp DE lifted its stake in shares of CEVA by 125.8% in the 3rd quarter. US Bancorp DE now owns 1,398 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 779 shares during the period. GAMMA Investing LLC boosted its holdings in shares of CEVA by 338.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,457 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 1,125 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of CEVA in the 2nd quarter worth about $43,000. nVerses Capital LLC bought a new position in shares of CEVA in the 2nd quarter worth about $50,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in CEVA during the 2nd quarter valued at about $65,000. 85.37% of the stock is currently owned by institutional investors.

CEVA Stock Up 1.4 %

CEVA stock opened at $32.27 on Monday. The stock has a market cap of $762.44 million, a PE ratio of -230.48 and a beta of 1.27. CEVA has a 12-month low of $16.02 and a 12-month high of $33.44. The business’s 50-day moving average price is $28.18 and its two-hundred day moving average price is $23.99.

About CEVA

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.