CEVA, Inc. (NASDAQ:CEVA) Receives $36.60 Consensus Price Target from Brokerages

CEVA, Inc. (NASDAQ:CEVA - Get Free Report) has been assigned an average recommendation of "Buy" from the five brokerages that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $36.60.

Several research firms have commented on CEVA. Barclays lifted their price objective on shares of CEVA from $34.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. StockNews.com cut shares of CEVA from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Northland Securities increased their price objective on shares of CEVA from $31.00 to $35.00 and gave the stock an "outperform" rating in a research report on Monday, December 23rd. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $35.00 price objective on shares of CEVA in a research note on Tuesday, February 11th.

Insider Activity at CEVA

In other news, Director Louis Silver sold 4,520 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $30.98, for a total transaction of $140,029.60. Following the transaction, the director now directly owns 47,038 shares of the company's stock, valued at approximately $1,457,237.24. This trade represents a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Centaurus Financial Inc. raised its position in CEVA by 5.9% during the 4th quarter. Centaurus Financial Inc. now owns 19,158 shares of the semiconductor company's stock valued at $604,000 after purchasing an additional 1,075 shares in the last quarter. AWM Investment Company Inc. increased its stake in shares of CEVA by 18.0% during the fourth quarter. AWM Investment Company Inc. now owns 600,162 shares of the semiconductor company's stock valued at $18,935,000 after buying an additional 91,668 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of CEVA by 9.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,546 shares of the semiconductor company's stock valued at $1,279,000 after acquiring an additional 3,584 shares in the last quarter. Man Group plc purchased a new stake in CEVA in the fourth quarter worth about $1,484,000. Finally, Lazard Asset Management LLC purchased a new stake in CEVA in the fourth quarter worth about $457,000. Institutional investors own 85.37% of the company's stock.

CEVA Price Performance

Shares of NASDAQ CEVA traded down $1.27 during mid-day trading on Wednesday, hitting $21.28. 447,534 shares of the company's stock traded hands, compared to its average volume of 201,422. CEVA has a 1 year low of $16.02 and a 1 year high of $38.94. The company's 50-day moving average is $31.25 and its two-hundred day moving average is $29.50. The company has a market capitalization of $508.80 million, a P/E ratio of -57.51 and a beta of 1.46.

CEVA (NASDAQ:CEVA - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The semiconductor company reported ($0.05) earnings per share (EPS) 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 analysts anticipate 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.