CEVA (NASDAQ:CEVA) Sets New 1-Year High – Time to Buy?

CEVA, Inc. (NASDAQ:CEVA) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $34.46 and last traded at $34.59, with a volume of 374621 shares traded. The stock had previously closed at $33.33.

Wall Street Analyst Weigh In

Several brokerages recently commented on CEVA. StockNews.com lowered CEVA from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Northland Securities lifted their price objective on CEVA from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, December 23rd. Roth Mkm upped their target price on shares of CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Rosenblatt Securities lifted their price target on shares of CEVA from $28.00 to $35.00 and gave the company a “buy” rating in a report on Friday, November 8th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.20.

CEVA Trading Down 0.7 %

The company’s 50-day moving average is $31.24 and its 200-day moving average is $25.86.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CEVA. Point72 DIFC Ltd raised its position in shares of CEVA by 16.8% during the third quarter. Point72 DIFC Ltd now owns 2,632 shares of the semiconductor company’s stock worth $64,000 after acquiring an additional 378 shares during the last quarter. Centaurus Financial Inc. raised its holdings in CEVA by 2.5% during the 3rd quarter. Centaurus Financial Inc. now owns 18,083 shares of the semiconductor company’s stock worth $437,000 after purchasing an additional 433 shares during the last quarter. US Bancorp DE lifted its position in CEVA by 125.8% during the 3rd quarter. US Bancorp DE now owns 1,398 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 779 shares during the period. Tidal Investments LLC boosted its stake in shares of CEVA by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 18,260 shares of the semiconductor company’s stock valued at $441,000 after purchasing an additional 808 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of CEVA by 63.3% during the 4th quarter. GAMMA Investing LLC now owns 2,379 shares of the semiconductor company’s stock worth $75,000 after buying an additional 922 shares during the period. Institutional investors and hedge funds own 85.37% of the company’s stock.

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.