Analysts expect CEVA, Inc. (NASDAQ:CEVA) to post $0.24 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for CEVA’s earnings. CEVA posted earnings per share of $0.32 during the same quarter last year, which would indicate a negative year-over-year growth rate of 25%. The company is scheduled to announce its next earnings results on Wednesday, February 7th.
According to Zacks, analysts expect that CEVA will report full-year earnings of $1.16 per share for the current fiscal year. For the next financial year, analysts forecast that the firm will report earnings of $1.39 per share, with EPS estimates ranging from $1.25 to $1.62. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover CEVA.
CEVA (NASDAQ:CEVA) last issued its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. CEVA had a return on equity of 9.02% and a net margin of 21.89%. The firm had revenue of $24.00 million for the quarter, compared to analysts’ expectations of $21.56 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The business’s revenue for the quarter was up 34.1% compared to the same quarter last year.
A number of brokerages have recently commented on CEVA. Canaccord Genuity upped their price target on CEVA from $45.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Zacks Investment Research raised CEVA from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, October 3rd. Roth Capital upped their price target on CEVA from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Monday, July 31st. Finally, BidaskClub raised CEVA from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $46.71.
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In related news, Director Eliyahu Ayalon sold 9,215 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $46.00, for a total transaction of $423,890.00. Following the sale, the director now directly owns 11,586 shares in the company, valued at approximately $532,956. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.90% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. raised its stake in shares of CEVA by 5.3% during the 3rd quarter. Baillie Gifford & Co. now owns 193,198 shares of the semiconductor company’s stock valued at $8,269,000 after purchasing an additional 9,798 shares during the period. Northern Trust Corp increased its stake in CEVA by 8.6% in the 2nd quarter. Northern Trust Corp now owns 286,928 shares of the semiconductor company’s stock worth $13,041,000 after acquiring an additional 22,822 shares during the last quarter. Menta Capital LLC increased its stake in CEVA by 12.1% in the 2nd quarter. Menta Capital LLC now owns 59,584 shares of the semiconductor company’s stock worth $2,708,000 after acquiring an additional 6,432 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in CEVA by 218.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 45,261 shares of the semiconductor company’s stock worth $2,057,000 after acquiring an additional 31,054 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in CEVA by 5.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 93,583 shares of the semiconductor company’s stock worth $4,254,000 after acquiring an additional 4,860 shares during the last quarter. Institutional investors own 86.75% of the company’s stock.
CEVA (NASDAQ CEVA) opened at $47.55 on Friday. CEVA has a 1 year low of $29.00 and a 1 year high of $49.50. The company has a market capitalization of $1,044.91, a price-to-earnings ratio of 52.83, a PEG ratio of 3.09 and a beta of 0.77.
CEVA Company Profile
CEVA, Inc (CEVA) is a licensor of signal processing intellectual property (IP). The Company partners with semiconductor companies and original equipment manufacturers (OEMs) to create connected devices for a range of end markets, including mobile, consumer, automotive, industrial and Internet of things (IoT).
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