CEVA, Inc. (NASDAQ:CEVA) Receives Average Recommendation of “Buy” from Analysts

Shares of CEVA, Inc. (NASDAQ:CEVA) have earned a consensus rating of “Buy” from the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $34.20.

CEVA has been the topic of a number of research reports. Rosenblatt Securities upped their price target on shares of CEVA from $28.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Northland Securities upped their target price on CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, December 23rd. StockNews.com lowered CEVA from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Roth Mkm boosted their price target on CEVA from $25.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, November 8th.

Hedge Funds Weigh In On CEVA

Several large investors have recently bought and sold shares of CEVA. Point72 DIFC Ltd raised its stake in shares of CEVA by 16.8% in the third quarter. Point72 DIFC Ltd now owns 2,632 shares of the semiconductor company’s stock valued at $64,000 after purchasing an additional 378 shares in the last quarter. Centaurus Financial Inc. boosted its stake in CEVA by 2.5% during the third quarter. Centaurus Financial Inc. now owns 18,083 shares of the semiconductor company’s stock worth $437,000 after buying an additional 433 shares in the last quarter. US Bancorp DE increased its holdings in CEVA by 125.8% in the 3rd quarter. US Bancorp DE now owns 1,398 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 779 shares during the period. Tidal Investments LLC raised 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 buying an additional 808 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of CEVA by 338.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,457 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 1,125 shares during the period. 85.37% of the stock is currently owned by institutional investors and hedge funds.

CEVA Stock Performance

CEVA stock opened at $32.37 on Monday. The firm’s 50 day moving average price is $28.66 and its two-hundred day moving average price is $24.19. The firm has a market cap of $764.81 million, a PE ratio of -231.20 and a beta of 1.27. CEVA has a twelve month low of $16.02 and a twelve month high of $33.44.

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.