CEVA, Inc. (NASDAQ:CEVA) Receives $34.20 Consensus PT from Analysts

CEVA, Inc. (NASDAQ:CEVA) has earned an average rating of “Buy” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $34.20.

A number of brokerages have recently issued reports on CEVA. Rosenblatt Securities upped their price objective on CEVA from $28.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Roth Mkm upped their price objective on CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. StockNews.com cut CEVA from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Northland Securities upped their price objective on CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, December 23rd.

Institutional Trading of CEVA

Several large investors have recently bought and sold shares of CEVA. US Bancorp DE raised its position in CEVA by 125.8% in the third 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 last quarter. GAMMA Investing LLC increased its holdings in shares of CEVA by 338.9% during the third quarter. GAMMA Investing LLC now owns 1,457 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 1,125 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of CEVA during the second quarter valued at approximately $43,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of CEVA during the second quarter valued at approximately $65,000. Finally, FMR LLC grew its holdings in CEVA by 56.4% during the third quarter. FMR LLC now owns 3,409 shares of the semiconductor company’s stock worth $82,000 after buying an additional 1,230 shares in the last quarter. 85.37% of the stock is owned by institutional investors and hedge funds.

CEVA Stock Up 2.6 %

NASDAQ:CEVA opened at $34.18 on Friday. CEVA has a twelve month low of $16.02 and a twelve month high of $34.46. The business has a 50 day moving average price of $31.00 and a two-hundred day moving average price of $25.65. The company has a market cap of $807.67 million, a P/E ratio of -244.13 and a beta of 1.24.

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.