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

CEVA, Inc. (NASDAQ:CEVA) 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.

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

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.