CEVA, Inc. (NASDAQ:CEVA) Given Consensus Rating of “Buy” by Brokerages

Shares of CEVA, Inc. (NASDAQ:CEVA) have been given an average rating of “Buy” by the five brokerages that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have covered the stock in the last year is $36.60.

A number of brokerages have weighed in on CEVA. StockNews.com cut shares of CEVA from a “buy” rating to a “hold” rating in a research report on Tuesday. Rosenblatt Securities reaffirmed a “buy” rating and set a $35.00 price target on shares of CEVA in a research report on Tuesday, February 11th. Barclays increased their price target on CEVA from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Northland Securities boosted their price objective on CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, December 23rd.

Insider Activity at CEVA

In related news, Director Louis Silver sold 4,520 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $30.98, for a total value of $140,029.60. Following the completion of the sale, the director now directly owns 47,038 shares of the company’s stock, valued at approximately $1,457,237.24. This represents a 8.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Point72 DIFC Ltd raised its stake in shares of CEVA by 16.8% in the 3rd quarter. Point72 DIFC Ltd now owns 2,632 shares of the semiconductor company’s stock valued at $64,000 after acquiring an additional 378 shares in the last quarter. Franklin Resources Inc. grew its holdings in CEVA by 1.5% during the fourth quarter. Franklin Resources Inc. now owns 33,939 shares of the semiconductor company’s stock valued at $1,071,000 after purchasing an additional 507 shares during the last quarter. Magnetar Financial LLC raised its position in shares of CEVA by 2.8% in the fourth quarter. Magnetar Financial LLC now owns 19,743 shares of the semiconductor company’s stock valued at $623,000 after purchasing an additional 531 shares during the period. Tidal Investments LLC lifted its stake in shares of CEVA by 4.6% in the third quarter. Tidal Investments LLC now owns 18,260 shares of the semiconductor company’s stock worth $441,000 after buying an additional 808 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings 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. Hedge funds and other institutional investors own 85.37% of the company’s stock.

CEVA Stock Up 0.5 %

Shares of NASDAQ CEVA opened at $25.75 on Wednesday. The stock has a market capitalization of $615.68 million, a price-to-earnings ratio of -69.59 and a beta of 1.32. The firm has a 50-day moving average price of $31.88 and a 200 day moving average price of $29.50. CEVA has a 52 week low of $16.02 and a 52 week high of $38.94.

CEVA (NASDAQ:CEVA) last posted its quarterly earnings data on Thursday, February 13th. The semiconductor company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.16). CEVA had a negative net margin of 8.22% and a negative return on equity of 2.48%. Equities research analysts expect that CEVA will post -0.12 EPS for the current fiscal 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.