CEVA (NASDAQ:CEVA) Stock Price Expected to Rise, Northland Securities Analyst Says

CEVA (NASDAQ:CEVA) had its price target boosted by analysts at Northland Securities from $31.00 to $35.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the semiconductor company’s stock. Northland Securities’ price target would suggest a potential upside of 8.46% from the company’s current price.

Other research analysts also recently issued reports about the stock. StockNews.com downgraded shares of CEVA from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Roth Mkm raised their target price on CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Rosenblatt Securities boosted their target price on CEVA from $28.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, CEVA has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.

CEVA Stock Performance

CEVA opened at $32.27 on Monday. CEVA has a fifty-two week low of $16.02 and a fifty-two week high of $33.44. The firm has a 50-day moving average of $28.03 and a 200 day moving average of $23.90. The firm has a market cap of $762.44 million, a P/E ratio of -230.48 and a beta of 1.27.

Institutional Investors Weigh In On CEVA

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC grew its position in shares of CEVA by 206.2% in the third quarter. Jane Street Group LLC now owns 137,061 shares of the semiconductor company’s stock valued at $3,310,000 after purchasing an additional 92,295 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of CEVA by 8.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 222,962 shares of the semiconductor company’s stock valued at $5,385,000 after buying an additional 16,463 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of CEVA by 97.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 211,771 shares of the semiconductor company’s stock valued at $5,114,000 after buying an additional 104,453 shares during the period. Stifel Financial Corp increased its position in shares of CEVA by 31.7% during the third quarter. Stifel Financial Corp now owns 117,497 shares of the semiconductor company’s stock valued at $2,838,000 after buying an additional 28,248 shares during the period. Finally, GSA Capital Partners LLP bought a new position in shares of CEVA in the third quarter valued at approximately $263,000. Institutional investors own 85.37% of the company’s stock.

CEVA Company Profile

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.