Shares of CEVA, Inc. (NASDAQ:CEVA - Get Free Report) have been assigned an average recommendation of "Buy" from the five research firms that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have issued a report on the stock in the last year is $34.20.
Several research firms recently commented on CEVA. Northland Securities raised their target price on CEVA from $31.00 to $35.00 and gave the stock an "outperform" rating in a research note on Monday. Roth Mkm raised their price objective on shares of CEVA from $25.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. StockNews.com downgraded shares of CEVA from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Finally, Rosenblatt Securities raised their price target on shares of CEVA from $28.00 to $35.00 and gave the stock a "buy" rating in a report on Friday, November 8th.
Read Our Latest Stock Analysis on CEVA
Institutional Investors Weigh In On CEVA
Hedge funds and other institutional investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. grew its holdings in CEVA by 97.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 211,771 shares of the semiconductor company's stock worth $5,114,000 after buying an additional 104,453 shares in the last quarter. Jane Street Group LLC boosted its holdings in CEVA by 206.2% during the 3rd quarter. Jane Street Group LLC now owns 137,061 shares of the semiconductor company's stock worth $3,310,000 after acquiring an additional 92,295 shares during the last quarter. ArrowMark Colorado Holdings LLC bought a new stake in shares of CEVA in the 3rd quarter worth $2,053,000. D.A. Davidson & CO. bought a new stake in shares of CEVA in the 3rd quarter worth $1,343,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of CEVA in the second quarter valued at about $892,000. 85.37% of the stock is owned by institutional investors.
CEVA Stock Up 2.3 %
CEVA traded up $0.71 during trading on Monday, reaching $31.82. 210,595 shares of the stock traded hands, compared to its average volume of 162,285. The stock's 50-day moving average is $28.03 and its 200 day moving average is $23.90. CEVA has a 12 month low of $16.02 and a 12 month high of $33.44. The stock has a market capitalization of $751.81 million, a PE ratio of -227.27 and a beta of 1.27.
About CEVA
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Get Free ReportCEVA, 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.
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