Ceva, Inc. (NASDAQ:CEVA) Receives Average Recommendation of “Moderate Buy” from Analysts

Ceva, Inc. (NASDAQ:CEVA – Get Free Report) has received an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $40.60.

Several equities analysts have issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Ceva in a research note on Friday, October 2nd. TD Cowen reduced their price objective on shares of Ceva from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Benchmark upgraded shares of Ceva from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 14th. Wall Street Zen upgraded shares of Ceva from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Finally, Needham & Company LLC cut their target price on shares of Ceva from $55.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, August 10th.

View Our Latest Research Report on Ceva

Institutional Trading of Ceva

Large investors have recently made changes to their positions in the company. Tidal Investments LLC raised its stake in Ceva by 202.0% during the 2nd quarter. Tidal Investments LLC now owns 58,121 shares of the semiconductor company’s stock worth $2,741,000 after buying an additional 38,876 shares during the period. WINTON GROUP Ltd bought a new position in Ceva in the second quarter worth approximately $564,000. Integrated Wealth Concepts LLC acquired a new stake in Ceva in the second quarter valued at approximately $52,000. Arizona State Retirement System acquired a new stake in Ceva in the second quarter valued at approximately $352,000. Finally, AXQ Capital LP increased its holdings in shares of Ceva by 18.7% during the second quarter. AXQ Capital LP now owns 12,668 shares of the semiconductor company’s stock valued at $597,000 after acquiring an additional 2,000 shares in the last quarter. 85.37% of the stock is currently owned by institutional investors and hedge funds.

Ceva Trading Down 5.1%

Shares of Ceva stock opened at $33.66 on Friday. The business has a 50-day moving average price of $31.17 and a two-hundred day moving average price of $33.83. Ceva has a 1-year low of $17.02 and a 1-year high of $51.60. The company has a market cap of $947.53 million, a P/E ratio of -84.15 and a beta of 1.93.

Ceva (NASDAQ:CEVA – Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Ceva had a negative return on equity of 3.15% and a negative net margin of 9.48%.The company had revenue of $29.03 million for the quarter, compared to the consensus estimate of $28.19 million. During the same period in the previous year, the business earned $0.07 EPS. The firm’s revenue was up 13.0% compared to the same quarter last year. Equities research analysts forecast that Ceva will post -0.17 EPS for the current fiscal year.

About Ceva

(Get Free Report)

CEVA, Inc is a semiconductor intellectual property company that develops and licenses processor cores, connectivity platforms and sensing technologies. Its products are designed for integration into system-on-chip devices used in mobile, consumer, automotive, industrial and Internet of Things applications.

The company’s portfolio includes digital signal processors and specialized processor architectures for artificial intelligence, computer vision, audio, imaging and communications. CEVA also offers intellectual property for wireless technologies such as 5G, Wi-Fi, Bluetooth and ultra-wideband, as well as platforms supporting sensor fusion and edge computing.

Featured Stories

Analyst Recommendations for Ceva (NASDAQ:CEVA)

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.