Short Interest in CEVA, Inc. (NASDAQ:CEVA) Expands By 13.9%

CEVA, Inc. (NASDAQ:CEVA - Get Free Report) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 683,100 shares, a growth of 13.9% from the January 15th total of 599,900 shares. Based on an average daily trading volume, of 275,700 shares, the short-interest ratio is presently 2.5 days.

CEVA Trading Down 5.7 %

Shares of NASDAQ:CEVA traded down $2.07 during mid-day trading on Friday, reaching $34.49. The company had a trading volume of 187,162 shares, compared to its average volume of 310,125. The firm has a market cap of $814.90 million, a price-to-earnings ratio of -93.21 and a beta of 1.25. The company's 50-day moving average price is $32.89 and its 200-day moving average price is $27.85. CEVA has a one year low of $16.02 and a one year high of $37.75.

CEVA (NASDAQ:CEVA - Get Free Report) last issued its earnings results 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%. On average, research analysts anticipate that CEVA will post -0.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CEVA shares. Northland Securities boosted their target price on CEVA from $31.00 to $35.00 and gave the stock an "outperform" rating in a research note on Monday, December 23rd. Barclays boosted their target price on CEVA from $34.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. StockNews.com downgraded CEVA from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Rosenblatt Securities restated a "buy" rating and issued a $35.00 target price on shares of CEVA in a research note on Tuesday, February 11th. Finally, Roth Mkm lifted their price target on shares of CEVA from $25.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $36.60.

Institutional Investors Weigh In On CEVA

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 DIFC Ltd raised its holdings in CEVA by 16.8% during the 3rd quarter. Point72 DIFC Ltd now owns 2,632 shares of the semiconductor company's stock valued at $64,000 after acquiring an additional 378 shares during the period. Centaurus Financial Inc. raised its holdings in CEVA by 2.5% during the 3rd quarter. Centaurus Financial Inc. now owns 18,083 shares of the semiconductor company's stock valued at $437,000 after acquiring an additional 433 shares during the period. Franklin Resources Inc. raised its holdings in CEVA by 1.5% during the 4th quarter. Franklin Resources Inc. now owns 33,939 shares of the semiconductor company's stock valued at $1,071,000 after acquiring an additional 507 shares during the period. Magnetar Financial LLC raised its holdings in CEVA by 2.8% during the 4th quarter. Magnetar Financial LLC now owns 19,743 shares of the semiconductor company's stock valued at $623,000 after acquiring an additional 531 shares during the period. Finally, US Bancorp DE raised its holdings in CEVA by 125.8% during the 3rd quarter. US Bancorp DE now owns 1,398 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 779 shares during the period. Institutional investors 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.