Ceva, Inc. (NASDAQ:CEVA – Get Free Report)’s stock price gapped down before the market opened on Monday after TD Cowen lowered their price target on the stock from $55.00 to $45.00. The stock had previously closed at $38.67, but opened at $36.84. TD Cowen currently has a buy rating on the stock. Ceva shares last traded at $35.0010, with a volume of 172,580 shares traded.
Several other brokerages have also recently weighed in on CEVA. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ceva in a research report on Monday, July 6th. JPMorgan Chase & Co. initiated coverage on Ceva in a report on Friday, May 8th. They set a “neutral” rating and a $30.00 price objective on the stock. UBS Group raised their target price on Ceva from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Rosenblatt Securities lifted their target price on Ceva from $45.00 to $49.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Benchmark started coverage on Ceva in a research report on Wednesday, July 15th. They set a “hold” rating on the stock. Nine investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.60.
Get Our Latest Analysis on Ceva
More Ceva News
- Positive Sentiment: Ceva reported second-quarter EPS of $0.08, ahead of the $0.07 consensus estimate, while revenue of $29.03 million exceeded expectations of $28.19 million and increased 13% year over year. The company also reported its highest licensing and related revenue in three years, supported by demand for AI and connectivity products. Ceva Second Quarter 2026 Financial Results
- Positive Sentiment: Rosenblatt raised its price target from $45 to $49 and maintained a “buy” rating, implying substantial potential upside from the recent trading level. Benzinga analyst update
- Neutral Sentiment: Analyst views were mixed following the earnings report. Oppenheimer cut its target from $42 to $38 but retained an “outperform” rating, while Needham reduced its target from $55 to $43 but maintained a “buy” rating. The revisions still imply upside, but signal more cautious expectations. Analyst Forecast Revisions for Ceva
- Neutral Sentiment: Recent insider activity was entirely purchases, while institutional ownership changes were mixed, with some large funds adding shares and others reducing or exiting positions. The reported August short-interest figure of zero shares appears unreliable because the data also shows an undefined percentage change.
- Negative Sentiment: Although results beat estimates, Ceva remains unprofitable, with a negative net margin and analysts forecasting a full-year loss. That may be limiting enthusiasm for the earnings beat and contributing to the stock’s decline.
- Negative Sentiment: Reports about a cyberattack involving “CEVA Logistics,” a shipping company serving Valve, do not concern Ceva, Inc. (CEVA), the semiconductor intellectual-property business, and therefore should not be treated as a direct fundamental risk to this stock. Cyberattack at CEVA Logistics
Institutional Investors Weigh In On Ceva
A number of institutional investors and hedge funds have recently made changes to their positions in CEVA. Hantz Financial Services Inc. grew its position in Ceva by 77.6% during the fourth quarter. Hantz Financial Services Inc. now owns 1,446 shares of the semiconductor company’s stock worth $31,000 after buying an additional 632 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Ceva in the 2nd quarter valued at about $49,000. Tower Research Capital LLC TRC raised its holdings in shares of Ceva by 422.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,731 shares of the semiconductor company’s stock valued at $60,000 after acquiring an additional 2,208 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Ceva by 771.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,380 shares of the semiconductor company’s stock valued at $63,000 after acquiring an additional 2,107 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Ceva by 47.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,758 shares of the semiconductor company’s stock valued at $145,000 after acquiring an additional 2,172 shares during the last quarter. Hedge funds and other institutional investors own 85.37% of the company’s stock.
Ceva Price Performance
The company has a market cap of $858.89 million, a PE ratio of -77.07 and a beta of 1.99. The company has a fifty day moving average price of $41.40 and a 200 day moving average price of $30.93.
Ceva (NASDAQ:CEVA – Get Free Report) last announced its earnings results on Monday, August 10th. The semiconductor company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $29.03 million for the quarter, compared to the consensus estimate of $28.19 million. Ceva had a negative net margin of 9.48% and a negative return on equity of 3.22%. Ceva’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm posted $0.07 earnings per share. As a group, sell-side analysts predict that Ceva, Inc. will post -0.21 EPS for the current fiscal year.
About Ceva
Ceva, Inc (NASDAQ: CEVA) is a leading licensor of signal processing IP cores and platforms that enable intelligent, connected devices. The company designs a broad portfolio of digital signal processing (DSP) and AI processors, software development toolkits and reference frameworks for applications ranging from 5G wireless communications and Bluetooth connectivity to audio, computer vision, sensor fusion and edge AI. Its solutions target a variety of end markets including smartphones, automotive, IoT devices, smart home, industrial automation and wearable electronics.
Founded in 1999 as a spin-off from DSP Group, Ceva has built its reputation on delivering modular, power-efficient IP that can be customized to meet stringent performance, area and power requirements.
Further Reading
- Five stocks we like better than Ceva
- Atlassian Just Pulled Off the Software Comeback Wall Street Wanted
- AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be
- NVIDIA’s Rally Sets Up a Bigger Test Ahead of Earnings
- Apple’s Next iPhone Could Test How Much Pricing Power Is Left
Receive News & Ratings for Ceva Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ceva and related companies with MarketBeat.com's FREE daily email newsletter.
