CEVA, Inc. (NASDAQ:CEVA) Receives Average Rating of "Buy" from Brokerages

CEVA, Inc. (NASDAQ:CEVA - Get Free Report) has received an average recommendation of "Buy" from the five ratings firms that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $34.20.

A number of equities research analysts have recently issued reports on the stock. Rosenblatt Securities upped their target price on shares of CEVA from $28.00 to $35.00 and gave the company a "buy" rating in a report on Friday, November 8th. StockNews.com cut shares of CEVA from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Northland Securities increased their price objective on shares of CEVA from $31.00 to $35.00 and gave the company an "outperform" rating in a research report on Monday, December 23rd. Finally, Roth Mkm upped their price target on shares of CEVA from $25.00 to $40.00 and gave the company a "buy" rating in a research note on Friday, November 8th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. American Century Companies Inc. raised its position in CEVA by 18.9% during the second quarter. American Century Companies Inc. now owns 32,168 shares of the semiconductor company's stock valued at $621,000 after purchasing an additional 5,119 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of CEVA by 5.6% during the second quarter. Dimensional Fund Advisors LP now owns 835,131 shares of the semiconductor company's stock worth $16,110,000 after buying an additional 44,502 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in shares of CEVA by 6.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 51,888 shares of the semiconductor company's stock valued at $1,001,000 after acquiring an additional 2,994 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of CEVA during the 2nd quarter valued at $311,000. Finally, Point72 DIFC Ltd bought a new stake in CEVA during the 2nd quarter worth $43,000. Institutional investors own 85.37% of the company's stock.

CEVA Stock Up 2.6 %

Shares of NASDAQ CEVA traded up $0.85 during trading hours on Friday, hitting $34.18. The company had a trading volume of 374,621 shares, compared to its average volume of 292,147. The stock has a market capitalization of $807.57 million, a P/E ratio of -244.13 and a beta of 1.24. CEVA has a 1-year low of $16.02 and a 1-year high of $34.46. The firm's 50 day moving average is $31.00 and its 200-day moving average is $25.55.

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.