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

CEVA, Inc. (NASDAQ:CEVA) has been given a consensus rating of “Buy” by the five analysts that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $36.60.

CEVA has been the topic of a number of research reports. StockNews.com lowered shares of CEVA from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Roth Mkm increased their target price on shares of CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Barclays increased their target price on shares of CEVA from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday. Rosenblatt Securities reiterated a “buy” rating and set a $35.00 target price on shares of CEVA in a report on Tuesday, February 11th. Finally, Northland Securities increased their target price on shares of CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, December 23rd.

CEVA Stock Performance

Shares of CEVA stock opened at $34.67 on Tuesday. The firm’s 50 day moving average price is $32.58 and its 200-day moving average price is $27.43. CEVA has a one year low of $16.02 and a one year high of $37.75. The firm has a market cap of $819.25 million, a P/E ratio of -247.63 and a beta of 1.25.

CEVA (NASDAQ:CEVA) last issued its quarterly earnings data on Thursday, February 13th. The semiconductor company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.16). CEVA had a negative return on equity of 2.69% and a negative net margin of 3.22%. As a group, research analysts predict that CEVA will post -0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On CEVA

A number of large investors have recently modified their holdings of the company. Point72 DIFC Ltd increased its position in shares of CEVA by 16.8% in the 3rd quarter. Point72 DIFC Ltd now owns 2,632 shares of the semiconductor company’s stock valued at $64,000 after purchasing an additional 378 shares during the last quarter. Centaurus Financial Inc. increased its position in shares of CEVA by 2.5% in the 3rd quarter. Centaurus Financial Inc. now owns 18,083 shares of the semiconductor company’s stock valued at $437,000 after purchasing an additional 433 shares during the last quarter. Franklin Resources Inc. grew its position 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 buying an additional 507 shares during the last quarter. Magnetar Financial LLC grew its position in shares of CEVA by 2.8% in the 4th quarter. Magnetar Financial LLC now owns 19,743 shares of the semiconductor company’s stock valued at $623,000 after buying an additional 531 shares during the last quarter. Finally, US Bancorp DE grew its position in shares of CEVA by 125.8% in the 3rd quarter. US Bancorp DE now owns 1,398 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 779 shares during the last quarter. 85.37% of the stock is 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.