CEVA, Inc. (NASDAQ:CEVA) Given Average Rating of “Buy” by Analysts

Shares of CEVA, Inc. (NASDAQ:CEVA) have received a consensus recommendation of “Buy” from the five research firms that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $36.60.

Several brokerages have weighed in on CEVA. StockNews.com lowered shares of CEVA from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Rosenblatt Securities restated a “buy” rating and issued a $35.00 price target on shares of CEVA in a report on Tuesday, February 11th. Roth Mkm lifted their price objective on CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Barclays upped their target price on CEVA from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Northland Securities lifted their price target on CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, December 23rd.

CEVA Price Performance

CEVA stock opened at $32.43 on Friday. The stock’s 50 day moving average price is $33.24 and its 200 day moving average price is $28.83. CEVA has a 1-year low of $16.02 and a 1-year high of $38.94. The company has a market cap of $772.06 million, a PE ratio of -87.65 and a beta of 1.32.

CEVA (NASDAQ:CEVA) last issued its earnings results on Thursday, February 13th. The semiconductor company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.16). CEVA had a negative return on equity of 2.48% and a negative net margin of 8.22%. On average, equities research analysts anticipate that CEVA will post -0.12 EPS for the current fiscal year.

Institutional Trading of CEVA

Institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 DIFC Ltd lifted its holdings in CEVA by 16.8% in the 3rd quarter. Point72 DIFC Ltd now owns 2,632 shares of the semiconductor company’s stock valued at $64,000 after purchasing an additional 378 shares in the last quarter. Centaurus Financial Inc. lifted its stake in shares of CEVA by 2.5% during the third quarter. Centaurus Financial Inc. now owns 18,083 shares of the semiconductor company’s stock valued at $437,000 after buying an additional 433 shares during the period. Franklin Resources Inc. boosted its position in CEVA by 1.5% during the fourth quarter. Franklin Resources Inc. now owns 33,939 shares of the semiconductor company’s stock worth $1,071,000 after acquiring an additional 507 shares during the last quarter. Magnetar Financial LLC grew its stake in CEVA by 2.8% in the 4th quarter. Magnetar Financial LLC now owns 19,743 shares of the semiconductor company’s stock worth $623,000 after acquiring an additional 531 shares during the period. Finally, US Bancorp DE raised its holdings in 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 acquiring an additional 779 shares during the last quarter. 85.37% of the stock is currently owned by hedge funds and other institutional investors.

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.