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

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

Several equities research analysts have recently commented on CEVA shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $35.00 target price on shares of CEVA in a report on Tuesday, February 11th. Barclays upped their target price on CEVA from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Friday. StockNews.com downgraded CEVA from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Northland Securities upped 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. Finally, Roth Mkm upped their price target on CEVA from $25.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, November 8th.

CEVA Stock Performance

NASDAQ:CEVA opened at $34.67 on Tuesday. CEVA has a 1 year low of $16.02 and a 1 year high of $37.75. The stock has a market cap of $819.25 million, a price-to-earnings ratio of -247.63 and a beta of 1.25. The business has a fifty day moving average of $32.65 and a 200-day moving average of $27.60.

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

Institutional Trading of CEVA

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of CEVA by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 2,165,300 shares of the semiconductor company’s stock worth $68,315,000 after buying an additional 24,313 shares during the period. Geode Capital Management LLC lifted its position in shares of CEVA by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 559,109 shares of the semiconductor company’s stock worth $13,505,000 after buying an additional 3,649 shares during the period. Rice Hall James & Associates LLC lifted its position in shares of CEVA by 5.5% during the 3rd quarter. Rice Hall James & Associates LLC now owns 452,541 shares of the semiconductor company’s stock worth $10,929,000 after buying an additional 23,566 shares during the period. Northern Trust Corp lifted its position in shares of CEVA by 14.3% during the 4th quarter. Northern Trust Corp now owns 270,372 shares of the semiconductor company’s stock worth $8,530,000 after buying an additional 33,737 shares during the period. Finally, ArrowMark Colorado Holdings LLC lifted its position in shares of CEVA by 199.6% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 254,677 shares of the semiconductor company’s stock worth $8,035,000 after buying an additional 169,677 shares during the period. Institutional investors own 85.37% of the company’s stock.

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.