CEVA, Inc. (NASDAQ:CEVA) Receives Average Rating of “Buy” from Brokerages

CEVA, Inc. (NASDAQ:CEVA) has earned a consensus rating of “Buy” from the five brokerages that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $36.60.

CEVA has been the subject of several recent research reports. Northland Securities boosted their price target on CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, December 23rd. Barclays raised their price target on shares of CEVA from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Rosenblatt Securities reiterated a “buy” rating and set a $35.00 price objective on shares of CEVA in a research note on Tuesday, February 11th. Finally, StockNews.com cut shares of CEVA from a “buy” rating to a “hold” rating in a research report on Tuesday, April 1st.

CEVA Price Performance

Shares of CEVA stock opened at $20.49 on Wednesday. CEVA has a 1 year low of $16.02 and a 1 year high of $38.94. The stock has a market cap of $489.92 million, a price-to-earnings ratio of -55.38 and a beta of 1.46. The firm’s 50-day moving average is $30.58 and its two-hundred day moving average is $29.41.

CEVA (NASDAQ:CEVA) last issued its quarterly earnings data 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%. On average, equities analysts expect that CEVA will post -0.12 earnings per share for the current year.

Insider Activity at CEVA

In other CEVA news, Director Louis Silver sold 4,520 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $30.98, for a total transaction of $140,029.60. Following the sale, the director now owns 47,038 shares in the company, valued at approximately $1,457,237.24. The trade was a 8.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Point72 DIFC Ltd increased its holdings in CEVA by 16.8% in the 3rd quarter. Point72 DIFC Ltd now owns 2,632 shares of the semiconductor company’s stock worth $64,000 after buying an additional 378 shares during the period. Franklin Resources Inc. boosted its holdings in shares of CEVA by 1.5% in the 4th quarter. Franklin Resources Inc. now owns 33,939 shares of the semiconductor company’s stock valued at $1,071,000 after acquiring an additional 507 shares during the last quarter. Magnetar Financial LLC increased its stake in shares of CEVA by 2.8% in the fourth quarter. Magnetar Financial LLC now owns 19,743 shares of the semiconductor company’s stock worth $623,000 after acquiring an additional 531 shares during the period. Tidal Investments LLC raised its holdings in shares of CEVA by 4.6% during the third quarter. Tidal Investments LLC now owns 18,260 shares of the semiconductor company’s stock worth $441,000 after purchasing an additional 808 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in CEVA by 63.3% during the fourth quarter. GAMMA Investing LLC now owns 2,379 shares of the semiconductor company’s stock valued at $75,000 after purchasing an additional 922 shares during the period. 85.37% of the stock is currently owned by hedge funds and other 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.