CEVA, Inc. (NASDAQ:CEVA) Given Average Recommendation of “Buy” by Brokerages

Shares of CEVA, Inc. (NASDAQ:CEVA) have been assigned an average recommendation of “Buy” from the five research firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $34.20.

Several equities research analysts recently weighed in on CEVA shares. StockNews.com cut CEVA from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Northland Securities boosted their target price on CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, December 23rd. Roth Mkm boosted their target price on CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Rosenblatt Securities boosted their target price on CEVA from $28.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, November 8th.

Institutional Investors Weigh In On CEVA

Large investors have recently modified their holdings of the company. US Bancorp DE boosted its holdings in shares of CEVA by 125.8% in the third quarter. US Bancorp DE now owns 1,398 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 779 shares during the period. GAMMA Investing LLC boosted its holdings in shares of CEVA by 338.9% in the third quarter. GAMMA Investing LLC now owns 1,457 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 1,125 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of CEVA in the second quarter valued at approximately $43,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of CEVA in the second quarter valued at approximately $65,000. Finally, FMR LLC raised its stake in shares of CEVA by 56.4% during the third quarter. FMR LLC now owns 3,409 shares of the semiconductor company’s stock worth $82,000 after purchasing an additional 1,230 shares during the last quarter. 85.37% of the stock is owned by institutional investors and hedge funds.

CEVA Stock Performance

Shares of CEVA opened at $33.87 on Friday. The stock has a 50-day simple moving average of $31.37 and a 200-day simple moving average of $25.92. The stock has a market capitalization of $800.35 million, a PE ratio of -241.91 and a beta of 1.24. CEVA has a 1 year low of $16.02 and a 1 year high of $34.71.

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.