Wall Street analysts expect CEVA, Inc. (NASDAQ:CEVA – Get Rating) to report sales of $32.60 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for CEVA’s earnings. The highest sales estimate is $33.00 million and the lowest is $32.00 million. CEVA posted sales of $25.40 million during the same quarter last year, which would indicate a positive year over year growth rate of 28.3%. The firm is expected to announce its next earnings report before the market opens on Monday, January 1st.
According to Zacks, analysts expect that CEVA will report full year sales of $144.11 million for the current year, with estimates ranging from $143.50 million to $144.62 million. For the next financial year, analysts forecast that the business will report sales of $164.45 million, with estimates ranging from $161.46 million to $166.90 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover CEVA.
CEVA (NASDAQ:CEVA – Get Rating) last posted its quarterly earnings data on Tuesday, February 15th. The semiconductor company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.08. CEVA had a net margin of 0.32% and a return on equity of 1.15%. The company had revenue of $34.10 million during the quarter, compared to analyst estimates of $32.68 million. During the same period in the prior year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was up 21.4% on a year-over-year basis.
In other news, EVP Issachar Ohana sold 6,000 shares of the stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of $38.68, for a total value of $232,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. increased its holdings in CEVA by 2.6% in the third quarter. Oppenheimer & Co. Inc. now owns 10,737 shares of the semiconductor company’s stock worth $458,000 after buying an additional 270 shares during the last quarter. Cim LLC increased its holdings in CEVA by 9.1% in the third quarter. Cim LLC now owns 4,314 shares of the semiconductor company’s stock worth $208,000 after buying an additional 360 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in CEVA by 130.3% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 760 shares of the semiconductor company’s stock worth $33,000 after buying an additional 430 shares during the last quarter. Voya Investment Management LLC increased its holdings in CEVA by 2.3% in the third quarter. Voya Investment Management LLC now owns 22,171 shares of the semiconductor company’s stock worth $946,000 after buying an additional 492 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in CEVA by 7.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 8,283 shares of the semiconductor company’s stock valued at $358,000 after purchasing an additional 543 shares during the last quarter. Hedge funds and other institutional investors own 80.12% of the company’s stock.
CEVA stock opened at $36.89 on Friday. CEVA has a one year low of $32.45 and a one year high of $57.93. The firm has a market capitalization of $856.00 million, a PE ratio of 3,689.00, a P/E/G ratio of 13.53 and a beta of 1.04. The firm has a 50-day moving average of $38.25 and a two-hundred day moving average of $41.08.
About CEVA (Get Rating)
CEVA, Inc operates as a licensor of wireless connectivity and smart sensing technologies to semiconductor and original equipment manufacturer (OEM) companies worldwide. It designs and licenses various digital signal processors, AI processors, wireless platforms, and complementary software for sensor fusion, image enhancement, computer vision, voice input, and artificial intelligence (AI).
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