CEVA (NASDAQ:CEVA – Get Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, May 10th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
CEVA (NASDAQ:CEVA – Get Rating) last announced its quarterly earnings results on Tuesday, February 15th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.08. CEVA had a net margin of 0.32% and a return on equity of 1.15%. The firm had revenue of $34.10 million during the quarter, compared to analysts’ expectations of $32.68 million. During the same period in the prior year, the company posted $0.06 EPS. The company’s revenue was up 21.4% on a year-over-year basis. On average, analysts expect CEVA to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
CEVA opened at $36.94 on Tuesday. CEVA has a twelve month low of $32.45 and a twelve month high of $55.80. The company has a fifty day moving average of $38.13 and a 200-day moving average of $40.99. The stock has a market cap of $857.16 million, a PE ratio of 3,694.00, a price-to-earnings-growth ratio of 13.71 and a beta of 1.04.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. D. E. Shaw & Co. Inc. boosted its stake 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 worth $358,000 after acquiring an additional 543 shares in the last quarter. California State Teachers Retirement System boosted its stake in CEVA by 3.4% during the fourth quarter. California State Teachers Retirement System now owns 31,794 shares of the semiconductor company’s stock worth $1,375,000 after acquiring an additional 1,035 shares in the last quarter. Royal Bank of Canada boosted its stake in CEVA by 151.4% during the second quarter. Royal Bank of Canada now owns 2,137 shares of the semiconductor company’s stock worth $101,000 after acquiring an additional 1,287 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of CEVA by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 161,655 shares of the semiconductor company’s stock valued at $6,990,000 after buying an additional 1,933 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of CEVA by 3.5% in the fourth quarter. Legal & General Group Plc now owns 56,970 shares of the semiconductor company’s stock valued at $2,463,000 after buying an additional 1,937 shares in the last quarter. 80.65% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of CEVA in a research report on Thursday, March 31st. They set a “buy” rating for the company. Rosenblatt Securities upgraded shares of CEVA from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $50.00 to $60.00 in a research report on Wednesday, February 16th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $60.83.
CEVA Company Profile (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).
- Get a free copy of the StockNews.com research report on CEVA (CEVA)
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