Ceva (NASDAQ:CEVA – Get Free Report)‘s stock had its “outperform” rating reissued by analysts at Oppenheimer in a research note issued on Tuesday, Benzinga reports. They currently have a $35.00 price objective on the semiconductor company’s stock, down from their prior price objective of $38.00. Oppenheimer‘s price objective points to a potential upside of 46.50% from the company’s current price.
Several other analysts have also commented on the stock. UBS Group decreased their price target on shares of Ceva from $48.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, November 2nd. Wall Street Zen downgraded shares of Ceva from a “buy” rating to a “hold” rating in a research report on Sunday. TD Cowen reduced their price objective on shares of Ceva from $45.00 to $35.00 and set a “buy” rating for the company in a research note on Monday, October 19th. Needham & Company LLC decreased their target price on shares of Ceva from $43.00 to $30.00 and set a “buy” rating for the company in a research report on Monday. Finally, Benchmark raised shares of Ceva from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $36.20.
Get Our Latest Stock Analysis on Ceva
Ceva Stock Down 3.8%
Shares of NASDAQ CEVA traded down $0.95 during mid-day trading on Tuesday, reaching $23.89. 202,104 shares of the company were exchanged, compared to its average volume of 643,317. The stock has a market cap of $672.50 million, a price-to-earnings ratio of -59.84 and a beta of 1.98. Ceva has a 1 year low of $17.02 and a 1 year high of $51.60. The firm has a 50-day moving average of $30.44 and a 200 day moving average of $30.61.
Ceva (NASDAQ:CEVA – Get Free Report) last posted its earnings results on Monday, November 9th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.06). Ceva had a negative net margin of 9.48% and a negative return on equity of 3.15%. The company had revenue of $29.06 million during the quarter, compared to analysts’ expectations of $32.71 million. During the same quarter last year, the firm earned $0.11 EPS. Ceva’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities analysts forecast that Ceva will post -0.17 earnings per share for the current year.
Institutional Investors Weigh In On Ceva
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC increased its position in shares of Ceva by 202.0% in the 2nd quarter. Tidal Investments LLC now owns 58,121 shares of the semiconductor company’s stock valued at $2,741,000 after acquiring an additional 38,876 shares during the period. Bank of America Corp DE purchased a new position in Ceva in the 2nd quarter worth $4,482,000. Hsbc Holdings PLC acquired a new stake in Ceva during the 4th quarter worth about $777,000. BlackRock Inc. acquired a new stake in Ceva during the 2nd quarter worth about $113,995,000. Finally, Deutsche Bank AG purchased a new stake in Ceva during the 2nd quarter valued at about $33,941,000. 85.37% of the stock is currently owned by institutional investors and hedge funds.
Ceva News Roundup
Here are the key news stories impacting Ceva this week:
- Positive Sentiment: Ceva forecast Q4 revenue of $34 million to $38 million, citing higher smartphone modem royalties. That would be above Q3 revenue of $29.06 million. Article: Ceva expects Q4 revenue of $34M-$38M as smartphone modem royalties step up
- Positive Sentiment: The company reported 18% sequential growth in royalty revenue and record AI licensing revenue, potential signs of strengthening demand for its IP. Article: Ceva, Inc. Announces Third Quarter 2026 Financial Results
- Neutral Sentiment: Stifel Nicolaus and Needham cut their price targets to $40 and $30, respectively, but both maintained Buy ratings. The reductions temper their outlook, while the retained ratings signal continued optimism. Stifel price target update Needham price target update
- Negative Sentiment: Q3 results fell short of expectations: EPS was $0.13 versus consensus of about $0.19, and revenue of $29.06 million missed estimates of roughly $32.7 million. Revenue was up only 2.4% year over year, making the quarterly shortfall a likely source of selling pressure. Article: Ceva Lags Q3 Earnings and Revenue Estimates
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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