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

CEVA, Inc. (NASDAQ:CEVAGet Free Report) has been given an average recommendation of “Buy” by the five brokerages that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $34.20.

A number of research firms have recently weighed in on CEVA. StockNews.com lowered CEVA from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Roth Mkm upped their price target on CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. 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 report on Monday, December 23rd. Finally, Rosenblatt Securities upped their target price on shares of CEVA from $28.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, November 8th.

Check Out Our Latest Stock Analysis on CEVA

Hedge Funds Weigh In On CEVA

A number of institutional investors have recently modified their holdings of the stock. Jane Street Group LLC raised its holdings in shares of CEVA by 206.2% in the third quarter. Jane Street Group LLC now owns 137,061 shares of the semiconductor company’s stock valued at $3,310,000 after acquiring an additional 92,295 shares in the last quarter. JPMorgan Chase & Co. increased its position in CEVA by 55.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 115,979 shares of the semiconductor company’s stock valued at $2,801,000 after purchasing an additional 41,573 shares during the period. Barclays PLC increased its position in CEVA by 389.8% during the 3rd quarter. Barclays PLC now owns 41,900 shares of the semiconductor company’s stock valued at $1,011,000 after purchasing an additional 33,346 shares during the period. Charles Schwab Investment Management Inc. raised 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 valued at $5,385,000 after purchasing an additional 16,463 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position 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 purchasing an additional 104,453 shares during the period. 85.37% of the stock is owned by hedge funds and other institutional investors.

CEVA Stock Down 0.2 %

Shares of CEVA opened at $32.73 on Tuesday. CEVA has a 52 week low of $16.02 and a 52 week high of $34.71. The stock has a market cap of $773.41 million, a price-to-earnings ratio of -233.77 and a beta of 1.25. The business has a 50-day simple moving average of $32.32 and a two-hundred day simple moving average of $27.02.

CEVA Company Profile

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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.

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Analyst Recommendations for CEVA (NASDAQ:CEVA)

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