CEVA, Inc. (NASDAQ:CEVA) Receives $36.60 Consensus Price Target from Brokerages

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

A number of brokerages have commented on CEVA. StockNews.com cut shares of CEVA from a “buy” rating to a “hold” rating in a research note on Tuesday. Rosenblatt Securities reiterated a “buy” rating and issued a $35.00 price objective on shares of CEVA in a report on Tuesday, February 11th. Northland Securities raised their target price on shares of CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, December 23rd. Finally, Barclays lifted their target price on shares of CEVA from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, February 14th.

Insider Activity at CEVA

In related news, Director Louis Silver sold 4,520 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $30.98, for a total value of $140,029.60. Following the completion of the transaction, the director now owns 47,038 shares of the company’s stock, valued at $1,457,237.24. The trade was a 8.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CEVA

A number of large investors have recently bought and sold shares of the company. ArrowMark Colorado Holdings LLC boosted its position in shares of CEVA by 199.6% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 254,677 shares of the semiconductor company’s stock worth $8,035,000 after acquiring an additional 169,677 shares in the last quarter. Jane Street Group LLC lifted its stake in CEVA by 206.2% during the third quarter. Jane Street Group LLC now owns 137,061 shares of the semiconductor company’s stock worth $3,310,000 after purchasing an additional 92,295 shares during the last quarter. AWM Investment Company Inc. boosted its holdings in shares of CEVA by 18.0% in the 4th quarter. AWM Investment Company Inc. now owns 600,162 shares of the semiconductor company’s stock valued at $18,935,000 after purchasing an additional 91,668 shares in the last quarter. Norges Bank bought a new position in shares of CEVA in the 4th quarter valued at $2,817,000. Finally, Algert Global LLC raised its holdings in shares of CEVA by 383.5% during the 4th quarter. Algert Global LLC now owns 91,113 shares of the semiconductor company’s stock worth $2,875,000 after buying an additional 72,270 shares in the last quarter. 85.37% of the stock is currently owned by institutional investors and hedge funds.

CEVA Trading Down 5.6 %

Shares of CEVA opened at $21.28 on Wednesday. The stock has a market capitalization of $508.80 million, a price-to-earnings ratio of -57.51 and a beta of 1.46. CEVA has a 12 month low of $16.02 and a 12 month high of $38.94. The firm has a fifty day simple moving average of $31.25 and a 200 day simple moving average of $29.42.

CEVA (NASDAQ:CEVA) last issued its quarterly 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%. As a group, research analysts predict that CEVA will post -0.12 earnings per share for the current fiscal year.

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.