CEVA, Inc. (NASDAQ:CEVA) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of CEVA, Inc. (NASDAQ:CEVA) have received an average recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $27.00.

Separately, Roth Mkm cut their price target on CEVA from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, May 10th.

Insider Transactions at CEVA

In related news, Director Louis Silver sold 3,934 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $20.72, for a total value of $81,512.48. Following the transaction, the director now owns 40,576 shares in the company, valued at $840,734.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On CEVA

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in CEVA by 2.2% in the first quarter. Vanguard Group Inc. now owns 2,969,107 shares of the semiconductor company’s stock valued at $67,428,000 after acquiring an additional 62,734 shares during the last quarter. Senvest Management LLC boosted its holdings in CEVA by 1.6% during the fourth quarter. Senvest Management LLC now owns 1,894,223 shares of the semiconductor company’s stock worth $43,018,000 after buying an additional 30,092 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in CEVA by 67.9% during the first quarter. Acadian Asset Management LLC now owns 523,614 shares of the semiconductor company’s stock worth $11,887,000 after buying an additional 211,697 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in CEVA by 1,693.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 321,602 shares of the semiconductor company’s stock worth $7,284,000 after buying an additional 303,673 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in CEVA by 13,776.3% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 180,947 shares of the semiconductor company’s stock worth $4,110,000 after buying an additional 179,643 shares during the last quarter. Institutional investors own 85.37% of the company’s stock.

CEVA Stock Down 2.3 %

Shares of CEVA stock opened at $20.10 on Thursday. The stock has a market capitalization of $474.00 million, a P/E ratio of -37.92 and a beta of 1.15. The stock has a 50 day moving average price of $19.75 and a two-hundred day moving average price of $20.85. CEVA has a 12-month low of $16.38 and a 12-month high of $27.48.

CEVA (NASDAQ:CEVA) last announced its earnings results on Thursday, May 9th. The semiconductor company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.06). CEVA had a negative return on equity of 5.70% and a negative net margin of 12.91%. The company had revenue of $22.07 million for the quarter, compared to the consensus estimate of $23.06 million. Sell-side analysts anticipate that CEVA will post -0.32 earnings per share for the current year.

About CEVA

CEVA, Inc provides silicon and software IP solutions to semiconductor and original equipment manufacturer (OEM) companies worldwide. Its 5G mobile and infrastructure products include Ceva-XC vector digital signal processors (DSPs) for 5G handsets, 5G RAN, and general-purpose baseband processing; PentaG-RAN, an open ran platform for base station and radio; and PentaG2 – 5G NR modem platform for UE, as well as for non-handset 5G vertical markets, such as fixed wireless access, industry 4.0, robotics, and AR/VR devices.