CEVA, Inc. (NASDAQ:CEVA) EVP Issachar Ohana sold 768 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $41.50, for a total value of $31,872.00. Following the transaction, the executive vice president now owns 27,929 shares of the company’s stock, valued at $1,159,053.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
NASDAQ:CEVA traded down $1.35 during mid-day trading on Friday, reaching $35.20. 149,671 shares of the stock were exchanged, compared to its average volume of 136,989. The company has a market capitalization of $782.11, a PE ratio of 44.00, a P/E/G ratio of 2.77 and a beta of 0.88. CEVA, Inc. has a 1 year low of $33.10 and a 1 year high of $51.80.
CEVA (NASDAQ:CEVA) last released its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. CEVA had a return on equity of 7.82% and a net margin of 19.46%. The firm had revenue of $21.60 million for the quarter, compared to the consensus estimate of $21.17 million. During the same quarter last year, the business posted $0.32 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. equities research analysts predict that CEVA, Inc. will post 0.63 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in CEVA. Cubist Systematic Strategies LLC purchased a new position in shares of CEVA in the 3rd quarter valued at approximately $213,000. GSA Capital Partners LLP purchased a new position in shares of CEVA in the 3rd quarter valued at approximately $239,000. Icon Advisers Inc. Co. purchased a new stake in shares of CEVA in the third quarter valued at approximately $291,000. Teacher Retirement System of Texas purchased a new stake in shares of CEVA in the fourth quarter valued at approximately $352,000. Finally, First Trust Advisors LP boosted its stake in shares of CEVA by 22.5% in the third quarter. First Trust Advisors LP now owns 8,438 shares of the semiconductor company’s stock valued at $361,000 after buying an additional 1,552 shares in the last quarter. Institutional investors own 90.25% of the company’s stock.
A number of equities research analysts have issued reports on CEVA shares. UBS lowered CEVA from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 24th. Oppenheimer lowered CEVA from an “outperform” rating to a “hold” rating in a research report on Wednesday, January 24th. They noted that the move was a valuation call. Zacks Investment Research lowered CEVA from a “hold” rating to a “strong sell” rating in a research report on Friday, January 26th. BidaskClub lowered CEVA from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. Finally, Barclays cut their target price on CEVA from $54.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $48.83.
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CEVA, Inc licenses signal processing platforms and artificial intelligence processors for semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, industrial, and Internet-of Things (IoT) markets worldwide. The company licenses a family of programmable digital signal processor (DSP) cores and application-specific platforms for imaging, computer vision, deep learning, sound, voice, and audio processing; and long range wireless technologies for LTE/5G baseband processing in IoT, handsets, and infrastructure, as well as short range wireless platforms for Wi-Fi and Bluetooth.
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