Ceva (NASDAQ:CEVA – Get Free Report) had its price objective lowered by research analysts at JPMorgan Chase & Co. from $45.00 to $35.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 45.25% from the stock’s current price.
CEVA has been the subject of several other reports. Oppenheimer restated an “outperform” rating and issued a $35.00 price target (down from $38.00) on shares of Ceva in a research note on Tuesday. UBS Group reduced their price objective on shares of Ceva from $48.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, November 2nd. TD Cowen lowered their target price on shares of Ceva from $45.00 to $35.00 and set a “buy” rating on the stock in a report on Monday, October 19th. Needham & Company LLC dropped 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, Stifel Nicolaus dropped their target price on shares of Ceva from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.70.
View Our Latest Stock Analysis on CEVA
Ceva Stock Performance
Shares of Ceva stock traded down $0.74 during trading hours on Tuesday, hitting $24.10. The company’s stock had a trading volume of 310,710 shares, compared to its average volume of 643,927. The company has a market cap of $678.30 million, a PE ratio of -60.10 and a beta of 1.98. The business has a 50 day moving average price of $30.44 and a two-hundred day moving average price of $30.61. Ceva has a 12-month low of $17.02 and a 12-month high of $51.60.
Ceva (NASDAQ:CEVA – Get Free Report) last released 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). The business had revenue of $29.06 million for the quarter, compared to analysts’ expectations of $32.71 million. Ceva had a negative return on equity of 3.15% and a negative net margin of 9.48%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 EPS. As a group, research analysts anticipate that Ceva will post -0.17 earnings per share for the current year.
Hedge Funds Weigh In On Ceva
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CEVA. BlackRock Inc. purchased a new stake in shares of Ceva during the 2nd quarter worth approximately $113,995,000. AWM Investment Company Inc. purchased a new position in shares of Ceva in the second quarter valued at $37,719,000. Deutsche Bank AG purchased a new position in shares of Ceva in the second quarter valued at $33,941,000. William Blair Investment Management LLC bought a new stake in Ceva in the third quarter worth $24,975,000. Finally, Oaktop Capital Management II L.P. bought a new stake in Ceva in the second quarter worth $21,051,000. 85.37% of the stock is owned by institutional investors.
Ceva News Summary
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
Ceva Company Profile
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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