Ceva, Inc. (CEVA) – What Are Brokerages Thinking About This Stock?

Shares of Ceva, Inc. (NASDAQ:CEVA) have earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $40.60.

CEVA has been the topic of several recent research reports. Benchmark upgraded Ceva from a “hold” rating to a “strong-buy” rating in a report on Monday, September 14th. Wall Street Zen downgraded shares of Ceva from a “buy” rating to a “hold” rating in a research report on Saturday. TD Cowen decreased their target price on Ceva from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Needham & Company LLC lowered their price target on shares of Ceva from $55.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Finally, Oppenheimer dropped their price objective on shares of Ceva from $42.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, August 11th.

Hedge Funds Weigh In On Ceva

A number of large investors have recently modified their holdings of the company. Silverberg Bernstein Capital Management LLC grew its position in shares of Ceva by 0.3% during the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 140,617 shares of the semiconductor company’s stock valued at $2,627,000 after purchasing an additional 470 shares in the last quarter. Hantz Financial Services Inc. grew its position in Ceva by 77.6% during the fourth quarter. Hantz Financial Services Inc. now owns 1,446 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 632 shares during the last quarter. Sanctuary Advisors LLC raised its position in Ceva by 7.6% in the 1st quarter. Sanctuary Advisors LLC now owns 11,003 shares of the semiconductor company’s stock worth $206,000 after purchasing an additional 773 shares during the period. Centaurus Financial Inc. increased its holdings in shares of Ceva by 3.0% in the first quarter. Centaurus Financial Inc. now owns 27,645 shares of the semiconductor company’s stock worth $516,000 after buying an additional 800 shares during the period. Finally, Global Retirement Partners LLC bought a new stake in Ceva in the second quarter valued at approximately $49,000. 85.37% of the stock is currently owned by institutional investors.

Ceva Trading Down 0.5%

CEVA stock opened at $33.49 on Friday. Ceva has a 1-year low of $17.02 and a 1-year high of $51.60. The stock has a 50-day moving average price of $31.19 and a 200-day moving average price of $33.83. The firm has a market cap of $942.74 million, a PE ratio of -83.72 and a beta of 1.93.

Ceva (NASDAQ:CEVA) last posted its quarterly earnings results on Monday, August 10th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $29.03 million for the quarter, compared to analysts’ expectations of $28.19 million. Ceva had a negative return on equity of 3.15% and a negative net margin of 9.48%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 EPS. On average, analysts forecast that Ceva will post -0.17 earnings per share for the current year.

Ceva Company Profile

CEVA, Inc is a semiconductor intellectual property company that develops and licenses processor cores, connectivity platforms and sensing technologies. Its products are designed for integration into system-on-chip devices used in mobile, consumer, automotive, industrial and Internet of Things applications.

The company’s portfolio includes digital signal processors and specialized processor architectures for artificial intelligence, computer vision, audio, imaging and communications. CEVA also offers intellectual property for wireless technologies such as 5G, Wi-Fi, Bluetooth and ultra-wideband, as well as platforms supporting sensor fusion and edge computing.