BidaskClub upgraded shares of CEVA (NASDAQ:CEVA) from a sell rating to a hold rating in a research note published on Saturday.
Several other research firms have also commented on CEVA. Northland Securities assumed coverage on CEVA in a report on Tuesday, June 5th. They set an outperform rating and a $39.00 price target on the stock. Cowen assumed coverage on CEVA in a report on Thursday, May 17th. They set an outperform rating and a $43.00 price target on the stock. Zacks Investment Research lowered CEVA from a hold rating to a sell rating in a report on Tuesday, May 15th. ValuEngine upgraded CEVA from a sell rating to a hold rating in a report on Tuesday, May 15th. Finally, Benchmark reduced their price target on CEVA from $50.00 to $40.00 and set a buy rating on the stock in a report on Wednesday, May 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. CEVA has an average rating of Hold and a consensus price target of $39.43.
CEVA traded down $0.10, reaching $29.60, during midday trading on Friday, MarketBeat.com reports. The stock had a trading volume of 134,908 shares, compared to its average volume of 163,297. The firm has a market capitalization of $659.97 million, a P/E ratio of 37.00, a PEG ratio of 5.71 and a beta of 1.06. CEVA has a 52-week low of $26.10 and a 52-week high of $51.80.
CEVA (NASDAQ:CEVA) last announced its quarterly earnings data on Tuesday, August 7th. The semiconductor company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). CEVA had a net margin of 5.87% and a return on equity of 2.43%. The firm had revenue of $17.49 million during the quarter, compared to analysts’ expectations of $18.95 million. equities research analysts predict that CEVA will post 0.07 earnings per share for the current year.
In related news, EVP Issachar Ohana sold 1,500 shares of the firm’s stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $34.00, for a total transaction of $51,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of CEVA by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 638,973 shares of the semiconductor company’s stock worth $19,297,000 after purchasing an additional 5,082 shares during the last quarter. Legal & General Group Plc increased its position in shares of CEVA by 5.8% during the 2nd quarter. Legal & General Group Plc now owns 43,790 shares of the semiconductor company’s stock worth $1,323,000 after purchasing an additional 2,410 shares during the last quarter. BlackRock Inc. increased its position in shares of CEVA by 8.6% during the 2nd quarter. BlackRock Inc. now owns 3,122,455 shares of the semiconductor company’s stock worth $94,298,000 after purchasing an additional 246,611 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of CEVA during the 2nd quarter worth about $221,000. Finally, SG Americas Securities LLC acquired a new stake in shares of CEVA during the 2nd quarter worth about $192,000. 86.60% of the stock is owned by hedge funds and other institutional investors.
CEVA, Inc licenses signal processing platforms and artificial intelligence processors for semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, industrial, and Internet-of Things (IoT) markets worldwide. The company licenses a family of programmable digital signal processor (DSP) cores and application-specific platforms for imaging, computer vision, deep learning, sound, voice, and audio processing; and long range wireless technologies for LTE/5G baseband processing in IoT, handsets, and infrastructure, as well as short range wireless platforms for Wi-Fi and Bluetooth.
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