Shares of CEVA, Inc. (NASDAQ:CEVA – Get Free Report) have been given an average rating of “Moderate Buy” by the six research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $29.40.
A number of equities research analysts have commented on CEVA shares. Rosenblatt Securities reiterated a “buy” rating and set a $28.00 target price on shares of CEVA in a report on Thursday, December 7th. StockNews.com began coverage on CEVA in a research report on Thursday, October 5th. They issued a “hold” rating on the stock.
CEVA Stock Performance
CEVA (NASDAQ:CEVA – Get Free Report) last released its quarterly earnings results on Wednesday, November 8th. The semiconductor company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $24.07 million during the quarter, compared to analyst estimates of $27.40 million. CEVA had a negative return on equity of 4.07% and a negative net margin of 12.20%. The business’s revenue was down 19.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.04 EPS. Equities analysts forecast that CEVA will post -0.59 earnings per share for the current fiscal year.
Institutional Trading of CEVA
Institutional investors and hedge funds have recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. lifted its position in CEVA by 13,776.3% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 180,947 shares of the semiconductor company’s stock valued at $4,110,000 after purchasing an additional 179,643 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of CEVA during the fourth quarter valued at approximately $268,000. Silverberg Bernstein Capital Management LLC bought a new stake in shares of CEVA during the fourth quarter valued at approximately $1,653,000. SG Americas Securities LLC bought a new stake in shares of CEVA during the fourth quarter valued at approximately $474,000. Finally, Citigroup Inc. raised its holdings in shares of CEVA by 10.4% during the third quarter. Citigroup Inc. now owns 43,923 shares of the semiconductor company’s stock valued at $852,000 after buying an additional 4,121 shares during the last quarter. 82.73% of the stock is owned by institutional investors and hedge funds.
CEVA Company Profile
CEVA, Inc operates as a licensor of wireless connectivity and smart sensing technologies to semiconductor and original equipment manufacturer (OEM) companies worldwide. It designs and licenses various digital signal processors, AI processors, wireless platforms, and complementary software for sensor fusion, image enhancement, computer vision, voice input, and artificial intelligence (AI).
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