Roth Mkm Boosts CEVA (NASDAQ:CEVA) Price Target to $40.00

CEVA (NASDAQ:CEVA) had its target price raised by Roth Mkm from $25.00 to $40.00 in a research report released on Friday morning,Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

Other equities research analysts also recently issued research reports about the company. StockNews.com upgraded CEVA from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. Oppenheimer boosted their price target on shares of CEVA from $29.00 to $33.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $28.00 price objective on shares of CEVA in a research note on Thursday, October 31st. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $34.00.

CEVA Stock Performance

CEVA stock opened at $28.15 on Friday. The company has a market capitalization of $666.87 million, a PE ratio of -201.06 and a beta of 1.20. CEVA has a fifty-two week low of $16.02 and a fifty-two week high of $30.00. The firm has a 50 day moving average price of $24.24 and a 200 day moving average price of $21.71.

Institutional Investors Weigh In On CEVA

A number of hedge funds have recently bought and sold shares of CEVA. CANADA LIFE ASSURANCE Co increased its stake in shares of CEVA by 1,693.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 321,602 shares of the semiconductor company’s stock worth $7,284,000 after buying an additional 303,673 shares during the period. Acadian Asset Management LLC increased its position in shares of CEVA by 67.9% in the 1st quarter. Acadian Asset Management LLC now owns 523,614 shares of the semiconductor company’s stock valued at $11,887,000 after purchasing an additional 211,697 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of CEVA by 97.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 211,771 shares of the semiconductor company’s stock valued at $5,114,000 after purchasing an additional 104,453 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of CEVA by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 2,969,107 shares of the semiconductor company’s stock valued at $67,428,000 after purchasing an additional 62,734 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of CEVA during the 2nd quarter worth $892,000. Institutional investors and hedge funds 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.