CEVA (NASDAQ:CEVA) Receives Buy Rating from Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of CEVA (NASDAQ:CEVA - Free Report) in a research note released on Tuesday,Benzinga reports. They currently have a $35.00 target price on the semiconductor company's stock.

Several other research firms have also recently issued reports on CEVA. StockNews.com cut shares of CEVA from a "buy" rating to a "hold" rating in a report on Friday, November 15th. 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 report on Friday, November 8th. Finally, Northland Securities upped their price target on shares of CEVA from $31.00 to $35.00 and gave the company an "outperform" rating in a report on Monday, December 23rd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, CEVA currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.17.

CEVA Price Performance

CEVA stock traded down $0.66 during midday trading on Tuesday, reaching $34.31. 168,570 shares of the company's stock traded hands, compared to its average volume of 316,753. The company has a market capitalization of $810.63 million, a P/E ratio of -245.78 and a beta of 1.25. CEVA has a fifty-two week low of $16.02 and a fifty-two week high of $37.75. The business has a 50-day moving average price of $32.42 and a two-hundred day moving average price of $27.23.

CEVA (NASDAQ:CEVA - Get Free Report) last posted its earnings results on Thursday, February 13th. The semiconductor company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.16). CEVA had a negative return on equity of 2.69% and a negative net margin of 3.22%. As a group, research analysts forecast that CEVA will post -0.25 earnings per share for the current fiscal year.

Institutional Trading of CEVA

Several institutional investors have recently added to or reduced their stakes in the business. Susquehanna Fundamental Investments LLC bought a new stake in CEVA during the fourth quarter valued at $596,000. Two Sigma Securities LLC grew its position in shares of CEVA by 11.6% during the fourth quarter. Two Sigma Securities LLC now owns 9,425 shares of the semiconductor company's stock worth $297,000 after acquiring an additional 978 shares during the last quarter. Hood River Capital Management LLC bought a new position in shares of CEVA during the fourth quarter worth about $473,000. Price T Rowe Associates Inc. MD bought a new position in shares of CEVA during the fourth quarter worth about $292,000. Finally, State of Tennessee Department of Treasury grew its position in shares of CEVA by 33.1% during the fourth quarter. State of Tennessee Department of Treasury now owns 14,923 shares of the semiconductor company's stock worth $471,000 after acquiring an additional 3,709 shares during the last quarter. Institutional investors own 85.37% of the company's stock.

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.