CEVA, Inc. (NASDAQ:CEVA) Given Average Recommendation of "Buy" by Analysts

CEVA, Inc. (NASDAQ:CEVA - Get Free Report) has received a consensus recommendation of "Buy" from the six analysts that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $35.17.

A number of equities analysts recently weighed in on CEVA shares. Roth Mkm increased their price target on CEVA from $25.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, November 8th. StockNews.com lowered CEVA from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Barclays raised their price objective on CEVA from $34.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday. Rosenblatt Securities restated a "buy" rating and set a $35.00 price objective on shares of CEVA in a research report on Tuesday. Finally, Northland Securities raised their price objective on CEVA from $31.00 to $35.00 and gave the stock an "outperform" rating in a research report on Monday, December 23rd.

CEVA Stock Down 0.8 %

CEVA stock traded down $0.29 during mid-day trading on Tuesday, reaching $34.67. The company had a trading volume of 236,674 shares, compared to its average volume of 319,279. The stock's 50-day simple moving average is $32.52 and its two-hundred day simple moving average is $27.28. The stock has a market capitalization of $819.25 million, a P/E ratio of -247.63 and a beta of 1.25. CEVA has a one year low of $16.02 and a one year high of $37.75.

CEVA (NASDAQ:CEVA - Get Free Report) last released its quarterly earnings results 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 3.22% and a negative return on equity of 2.69%. On average, research analysts forecast that CEVA will post -0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On CEVA

Several institutional investors have recently made changes to their positions in CEVA. Point72 DIFC Ltd increased its position in CEVA by 16.8% in the 3rd quarter. Point72 DIFC Ltd now owns 2,632 shares of the semiconductor company's stock worth $64,000 after buying an additional 378 shares during the period. Centaurus Financial Inc. increased its position in CEVA by 2.5% in the 3rd quarter. Centaurus Financial Inc. now owns 18,083 shares of the semiconductor company's stock worth $437,000 after buying an additional 433 shares during the period. Franklin Resources Inc. increased its position in CEVA by 1.5% in the 4th quarter. Franklin Resources Inc. now owns 33,939 shares of the semiconductor company's stock worth $1,071,000 after buying an additional 507 shares during the period. Magnetar Financial LLC increased its position in CEVA by 2.8% in the 4th quarter. Magnetar Financial LLC now owns 19,743 shares of the semiconductor company's stock worth $623,000 after buying an additional 531 shares during the period. Finally, US Bancorp DE increased its position in shares of CEVA by 125.8% during the third quarter. US Bancorp DE now owns 1,398 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 779 shares during the period. 85.37% of the stock is currently owned by institutional investors and hedge funds.

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.