Ceva, Inc. (NASDAQ:CEVA – Get Free Report) has been assigned an average rating of “Moderate Buy” from the twelve brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $39.60.
Several research analysts have weighed in on CEVA shares. Benchmark upgraded shares of Ceva from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 14th. TD Cowen cut their price objective on shares of Ceva from $45.00 to $35.00 and set a “buy” rating for the company in a research report on Monday, October 19th. Oppenheimer reduced their price objective on Ceva from $42.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. Stifel Nicolaus upped their price objective on Ceva from $42.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Rosenblatt Securities raised their target price on Ceva from $45.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th.
Check Out Our Latest Report on Ceva
Institutional Trading of Ceva
A number of hedge funds and other institutional investors have recently bought and sold shares of CEVA. BlackRock Inc. bought a new position in shares of Ceva in the second quarter worth approximately $113,995,000. AWM Investment Company Inc. purchased a new stake in shares of Ceva in the second quarter worth $37,719,000. Deutsche Bank AG purchased a new stake in shares of Ceva in the second quarter worth $33,941,000. Oaktop Capital Management II L.P. purchased a new stake in shares of Ceva in the second quarter worth $21,051,000. Finally, Rice Hall James & Associates LLC bought a new stake in shares of Ceva during the 2nd quarter valued at $4,612,000. Hedge funds and other institutional investors own 85.37% of the company’s stock.
Ceva Stock Down 8.2%
NASDAQ CEVA opened at $29.52 on Thursday. The company has a 50-day moving average price of $30.50 and a 200-day moving average price of $30.49. Ceva has a 52 week low of $17.02 and a 52 week high of $51.60. The firm has a market capitalization of $830.99 million, a P/E ratio of -73.80 and a beta of 1.93.
Ceva (NASDAQ:CEVA – Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. Ceva had a negative net margin of 9.48% and a negative return on equity of 3.15%. The company had revenue of $29.03 million for the quarter, compared to the consensus estimate of $28.19 million. During the same quarter last year, the firm posted $0.07 earnings per share. The firm’s revenue was up 13.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Ceva will post -0.17 EPS for the current year.
About Ceva
Ceva, Inc is a semiconductor intellectual property (IP) company that develops and licenses technology used in connected devices. Rather than manufacturing chips, the company provides processor cores, software, and system-level IP that semiconductor companies and original equipment manufacturers can incorporate into their own products.
Its portfolio includes digital signal processor (DSP) cores and platforms for wireless communications, artificial intelligence, computer vision, audio and voice processing, imaging, and sensor applications.
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