CEVA (NASDAQ:CEVA) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Thursday.
CEVA has been the subject of a number of other research reports. Zacks Investment Research raised shares of CEVA from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. BidaskClub raised shares of CEVA from a “sell” rating to a “hold” rating in a research report on Saturday, August 11th. Canaccord Genuity lifted their target price on shares of CEVA from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, October 16th. Roth Capital cut their target price on shares of CEVA from $44.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, August 8th. Finally, Barclays cut their target price on shares of CEVA from $40.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $38.67.
NASDAQ:CEVA traded up $1.36 during trading hours on Thursday, reaching $26.00. The company had a trading volume of 149,618 shares, compared to its average volume of 158,045. CEVA has a 52 week low of $23.01 and a 52 week high of $51.80. The company has a market cap of $529.86 million, a PE ratio of 32.50, a price-to-earnings-growth ratio of 17.18 and a beta of 1.11.
CEVA (NASDAQ:CEVA) last posted its earnings results on Tuesday, August 7th. The semiconductor company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). CEVA had a return on equity of 2.43% and a net margin of 5.87%. The company had revenue of $17.49 million during the quarter, compared to the consensus estimate of $18.95 million. As a group, equities analysts predict that CEVA will post 0.07 earnings per share for the current year.
In other news, Director Maria Marced sold 2,770 shares of CEVA stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $29.50, for a total transaction of $81,715.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.00% of the company’s stock.
Several institutional investors have recently modified their holdings of CEVA. Piedmont Investment Advisors LLC purchased a new position in shares of CEVA during the 2nd quarter worth $156,000. SG Americas Securities LLC purchased a new position in shares of CEVA during the 2nd quarter valued at $192,000. WINTON GROUP Ltd purchased a new position in shares of CEVA during the 1st quarter valued at $203,000. GSA Capital Partners LLP purchased a new position in shares of CEVA during the 2nd quarter valued at $221,000. Finally, BlueMountain Capital Management LLC lifted its stake in shares of CEVA by 93.6% during the 2nd quarter. BlueMountain Capital Management LLC now owns 8,689 shares of the semiconductor company’s stock valued at $262,000 after buying an additional 4,201 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.
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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