CEVA, Inc. (NASDAQ:CEVA) Receives Consensus Recommendation of “Buy” from Analysts

CEVA, Inc. (NASDAQ:CEVA) has been given a consensus rating of “Buy” by the five analysts that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have covered the stock in the last year is $38.60.

CEVA has been the topic of several recent analyst reports. Rosenblatt Securities restated a “buy” rating and issued a $45.00 target price on shares of CEVA in a research note on Wednesday. Barclays boosted their price objective on CEVA from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, StockNews.com lowered CEVA from a “buy” rating to a “hold” rating in a research note on Tuesday, April 1st.

Insider Buying and Selling

In other CEVA news, Director Louis Silver sold 4,520 shares of CEVA stock in a transaction on Friday, March 14th. The shares were sold at an average price of $30.98, for a total transaction of $140,029.60. Following the completion of the sale, the director now owns 47,038 shares of the company’s stock, valued at approximately $1,457,237.24. The trade was a 8.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Franklin Resources Inc. grew its position in shares of CEVA by 1.5% during the 4th quarter. Franklin Resources Inc. now owns 33,939 shares of the semiconductor company’s stock worth $1,071,000 after buying an additional 507 shares during the period. Magnetar Financial LLC boosted its stake in CEVA by 2.8% during the 4th quarter. Magnetar Financial LLC now owns 19,743 shares of the semiconductor company’s stock worth $623,000 after acquiring an additional 531 shares during the last quarter. Tidal Investments LLC increased its stake in CEVA by 4.6% in the third quarter. Tidal Investments LLC now owns 18,260 shares of the semiconductor company’s stock valued at $441,000 after purchasing an additional 808 shares in the last quarter. GAMMA Investing LLC raised its holdings in CEVA by 63.3% in the fourth quarter. GAMMA Investing LLC now owns 2,379 shares of the semiconductor company’s stock worth $75,000 after purchasing an additional 922 shares during the period. Finally, Two Sigma Securities LLC boosted its position in shares of CEVA by 11.6% during the fourth quarter. Two Sigma Securities LLC now owns 9,425 shares of the semiconductor company’s stock worth $297,000 after purchasing an additional 978 shares in the last quarter. Institutional investors and hedge funds own 85.37% of the company’s stock.

CEVA Stock Up 0.6 %

CEVA stock opened at $26.71 on Friday. CEVA has a twelve month low of $16.02 and a twelve month high of $38.94. The company has a market cap of $638.64 million, a PE ratio of -72.19 and a beta of 1.46. The business’s 50-day simple moving average is $27.98 and its 200 day simple moving average is $29.34.

CEVA (NASDAQ:CEVA) last announced its quarterly earnings data on Thursday, February 13th. The semiconductor company reported ($0.05) earnings per share (EPS) 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 EPS for the current year.

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.