CEVA, Inc. (NASDAQ:CEVA) Receives $34.20 Average Price Target from Analysts

CEVA, Inc. (NASDAQ:CEVA) has received a consensus rating of “Buy” from the five analysts that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have covered the stock in the last year is $34.20.

Several research analysts have recently commented on CEVA shares. Northland Securities lifted their price target on CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, December 23rd. Roth Mkm raised their price objective on CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. StockNews.com downgraded CEVA from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Rosenblatt Securities raised their price objective on CEVA from $28.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, November 8th.

CEVA Stock Down 0.4 %

NASDAQ CEVA opened at $33.87 on Friday. CEVA has a 52 week low of $16.02 and a 52 week high of $34.71. The business’s fifty day simple moving average is $31.37 and its 200-day simple moving average is $25.92. The firm has a market cap of $800.35 million, a PE ratio of -241.91 and a beta of 1.24.

Hedge Funds Weigh In On CEVA

Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC grew its position in CEVA by 206.2% in the 3rd quarter. Jane Street Group LLC now owns 137,061 shares of the semiconductor company’s stock valued at $3,310,000 after acquiring an additional 92,295 shares in the last quarter. Barclays PLC grew its position in CEVA by 389.8% in the 3rd quarter. Barclays PLC now owns 41,900 shares of the semiconductor company’s stock valued at $1,011,000 after acquiring an additional 33,346 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of CEVA by 8.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 222,962 shares of the semiconductor company’s stock valued at $5,385,000 after buying an additional 16,463 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of CEVA by 55.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 115,979 shares of the semiconductor company’s stock valued at $2,801,000 after buying an additional 41,573 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of CEVA by 97.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 211,771 shares of the semiconductor company’s stock valued at $5,114,000 after buying an additional 104,453 shares during the period. 85.37% of the stock is owned by institutional investors and hedge funds.

About CEVA

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.