CEVA (NASDAQ:CEVA) Stock Rating Upgraded by StockNews.com

CEVA (NASDAQ:CEVA) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

A number of other research analysts also recently issued reports on CEVA. Northland Securities boosted their price objective on CEVA from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, December 23rd. Barclays upped their price target on shares of CEVA from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Rosenblatt Securities restated a “buy” rating and set a $35.00 price objective on shares of CEVA in a research report on Tuesday, February 11th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, CEVA presently has an average rating of “Buy” and an average price target of $36.60.

CEVA Stock Up 1.8 %

CEVA traded up $0.52 during trading on Monday, hitting $28.87. The company’s stock had a trading volume of 249,488 shares, compared to its average volume of 164,753. The business’s 50 day simple moving average is $32.73 and its 200-day simple moving average is $29.38. The firm has a market cap of $687.31 million, a PE ratio of -78.02 and a beta of 1.32. CEVA has a one year low of $16.02 and a one year high of $38.94.

CEVA (NASDAQ:CEVA) last announced its earnings results on Thursday, February 13th. The semiconductor company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.16). CEVA had a negative return on equity of 2.48% and a negative net margin of 8.22%. Equities research analysts expect that CEVA will post -0.12 EPS for the current fiscal year.

Insider Buying and Selling at CEVA

In other news, Director Louis Silver sold 4,520 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $30.98, for a total value of $140,029.60. Following the transaction, the director now owns 47,038 shares of the company’s stock, valued at approximately $1,457,237.24. The trade was a 8.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.40% of the company’s stock.

Institutional Trading of CEVA

A number of institutional investors and hedge funds have recently bought and sold shares of CEVA. Harvest Fund Management Co. Ltd purchased a new position in shares of CEVA during the fourth quarter valued at about $40,000. Meeder Asset Management Inc. bought a new position in CEVA during the fourth quarter valued at approximately $46,000. Point72 DIFC Ltd grew its holdings in CEVA by 16.8% during the 3rd quarter. Point72 DIFC Ltd now owns 2,632 shares of the semiconductor company’s stock valued at $64,000 after buying an additional 378 shares in the last quarter. GAMMA Investing LLC increased its stake in CEVA by 63.3% in the 4th quarter. GAMMA Investing LLC now owns 2,379 shares of the semiconductor company’s stock worth $75,000 after acquiring an additional 922 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of CEVA by 56.4% during the 3rd quarter. FMR LLC now owns 3,409 shares of the semiconductor company’s stock worth $82,000 after acquiring an additional 1,230 shares in the last quarter. 85.37% of the stock is currently owned by institutional investors.

CEVA Company Profile

CEVA, Inc provides silicon and software IP solutions to semiconductor and original equipment manufacturer (OEM) companies worldwide. Its 5G mobile and infrastructure products include Ceva-XC vector digital signal processors (DSPs) for 5G handsets, 5G RAN, and general-purpose baseband processing; PentaG-RAN, an open ran platform for base station and radio; and PentaG2 – 5G NR modem platform for UE, as well as for non-handset 5G vertical markets, such as fixed wireless access, industry 4.0, robotics, and AR/VR devices.