CEVA (CEVA) Set to Announce Earnings on Tuesday

CEVA (NASDAQ:CEVA) is scheduled to post its quarterly earnings results before the market opens on Tuesday, January 30th.

CEVA (NASDAQ:CEVA) last released its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.08. The company had revenue of $24.00 million for the quarter, compared to analysts’ expectations of $21.56 million. CEVA had a return on equity of 10.01% and a net margin of 24.33%. The business’s revenue for the quarter was up 34.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 earnings per share. On average, analysts expect CEVA to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of CEVA (NASDAQ:CEVA) opened at $43.75 on Monday. The firm has a market capitalization of $942.73, a P/E ratio of 50.87, a PEG ratio of 2.42 and a beta of 0.75. CEVA has a twelve month low of $32.25 and a twelve month high of $51.80.

In related news, Director Sven Christer Nilsson sold 27,285 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $47.50, for a total transaction of $1,296,037.50. Following the sale, the director now owns 28,282 shares of the company’s stock, valued at $1,343,395. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eliyahu Ayalon sold 9,215 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $46.00, for a total value of $423,890.00. Following the sale, the director now directly owns 11,586 shares in the company, valued at approximately $532,956. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,682 shares of company stock worth $3,257,929. 3.90% of the stock is owned by corporate insiders.

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity reaffirmed a “buy” rating and set a $53.00 price target (down previously from $54.00) on shares of CEVA in a report on Tuesday, October 3rd. Oppenheimer cut CEVA from an “outperform” rating to a “hold” rating in a report on Wednesday, January 24th. They noted that the move was a valuation call. Zacks Investment Research cut CEVA from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, UBS Group cut CEVA from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $47.83.

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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).

Earnings History for CEVA (NASDAQ:CEVA)

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