CEVA, Inc. (NASDAQ:CEVA) Receives $36.60 Average Price Target from Analysts

CEVA, Inc. (NASDAQ:CEVA) has been given a consensus rating of “Buy” by the five research firms that are covering the company, Marketbeat Ratings reports. Five equities research 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.

A number of research firms have recently weighed in on CEVA. Northland Securities raised their target price on CEVA from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, December 23rd. Barclays raised their target price on CEVA from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, February 14th. StockNews.com downgraded CEVA from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $35.00 price target on shares of CEVA in a research report on Tuesday, February 11th.

CEVA Stock Up 0.6 %

CEVA stock opened at $30.36 on Friday. CEVA has a twelve month low of $16.02 and a twelve month high of $38.94. The stock’s 50 day moving average is $33.15 and its 200-day moving average is $28.99. The firm has a market capitalization of $722.78 million, a PE ratio of -82.05 and a beta of 1.32.

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

Institutional Trading of CEVA

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