Shares of Ceva, Inc. (NASDAQ:CEVA – Get Free Report) have been given a consensus rating of “Moderate Buy” by the twelve research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $40.60.
A number of equities analysts have weighed in on CEVA shares. Oppenheimer decreased their price objective on shares of Ceva from $42.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, August 11th. UBS Group boosted their price target on Ceva from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Needham & Company LLC reduced their price target on Ceva from $55.00 to $43.00 and set a “buy” rating for the company in a report on Monday, August 10th. Stifel Nicolaus raised their price objective on Ceva from $42.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Ceva in a report on Monday, July 6th.
Check Out Our Latest Stock Report on CEVA
Ceva Stock Up 0.8%
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 the consensus estimate of $0.07 by $0.01. The business had revenue of $29.03 million during 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 3.15%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 earnings per share. Equities analysts expect that Ceva will post -0.2 earnings per share for the current fiscal year.
Institutional Trading of Ceva
A number of hedge funds and other institutional investors have recently made changes to their positions in CEVA. Silverberg Bernstein Capital Management LLC raised its holdings in Ceva by 0.3% in the first quarter. Silverberg Bernstein Capital Management LLC now owns 140,617 shares of the semiconductor company’s stock valued at $2,627,000 after acquiring an additional 470 shares in the last quarter. Centaurus Financial Inc. grew its holdings in Ceva by 2.6% during the 3rd quarter. Centaurus Financial Inc. now owns 21,905 shares of the semiconductor company’s stock worth $579,000 after acquiring an additional 550 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in Ceva by 77.6% during the 4th quarter. Hantz Financial Services Inc. now owns 1,446 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 632 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of Ceva by 7.1% in the 4th quarter. Sanctuary Advisors LLC now owns 10,230 shares of the semiconductor company’s stock worth $220,000 after purchasing an additional 674 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of Ceva in the 2nd quarter worth about $49,000. Institutional investors own 85.37% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than Ceva
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
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.
