CEVA (NASDAQ:CEVA)‘s stock had its “neutral” rating reaffirmed by analysts at BNP Paribas in a research report issued to clients and investors on Wednesday, BenzingaRatingsTable reports.
CEVA has been the subject of a number of other reports. ValuEngine downgraded CEVA from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 2nd. BidaskClub raised CEVA from a “sell” rating to a “hold” rating in a research note on Thursday, January 17th. Northland Securities cut CEVA from an “outperform” rating to a “market perform” rating and set a $27.00 target price on the stock. in a report on Thursday, February 14th. Canaccord Genuity reiterated a “buy” rating and set a $35.00 target price (down previously from $41.00) on shares of CEVA in a report on Wednesday, February 13th. Finally, Cowen lowered their target price on CEVA from $35.00 to $33.00 and set an “outperform” rating on the stock in a report on Thursday, February 14th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. CEVA presently has a consensus rating of “Buy” and a consensus target price of $33.43.
Shares of CEVA stock opened at $27.78 on Wednesday. The company has a market cap of $622.05 million, a PE ratio of 252.55 and a beta of 1.74. CEVA has a 12-month low of $20.40 and a 12-month high of $37.65.
CEVA (NASDAQ:CEVA) last issued its earnings results on Wednesday, February 13th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The business had revenue of $21.40 million during the quarter, compared to the consensus estimate of $22.07 million. CEVA had a return on equity of 1.00% and a net margin of 0.74%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 EPS. As a group, research analysts anticipate that CEVA will post -0.08 earnings per share for the current year.
In other CEVA news, EVP Issachar Ohana sold 6,670 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $28.00, for a total transaction of $186,760.00. Following the transaction, the executive vice president now owns 34,616 shares of the company’s stock, valued at approximately $969,248. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.00% of the company’s stock.
Institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its position in shares of CEVA by 5.2% in the 4th quarter. BlackRock Inc. now owns 3,403,582 shares of the semiconductor company’s stock worth $75,185,000 after buying an additional 167,582 shares during the period. Millennium Management LLC raised its position in CEVA by 1,606.6% in the fourth quarter. Millennium Management LLC now owns 119,152 shares of the semiconductor company’s stock valued at $2,632,000 after purchasing an additional 112,170 shares during the period. Roubaix Capital LLC purchased a new position in CEVA in the first quarter valued at about $2,887,000. Thrivent Financial for Lutherans raised its position in CEVA by 629.5% in the third quarter. Thrivent Financial for Lutherans now owns 111,204 shares of the semiconductor company’s stock valued at $3,197,000 after purchasing an additional 95,960 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in CEVA by 11.3% in the third quarter. Dimensional Fund Advisors LP now owns 710,928 shares of the semiconductor company’s stock valued at $20,439,000 after purchasing an additional 71,955 shares during the period. 88.58% of the stock is currently owned by institutional investors.
CEVA Company Profile
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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