Barclays Raises CEVA (NASDAQ:CEVA) Price Target to $40.00

CEVA (NASDAQ:CEVA - Free Report) had its price objective hoisted by Barclays from $34.00 to $40.00 in a research report report published on Friday,Benzinga reports. They currently have an overweight rating on the semiconductor company's stock.

Other equities research analysts also recently issued reports about the stock. StockNews.com downgraded shares of CEVA from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Roth Mkm lifted 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. Northland Securities lifted their price target on shares of CEVA from $31.00 to $35.00 and gave the company an "outperform" rating in a research note on Monday, December 23rd. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $35.00 price target on shares of CEVA in a research note on Tuesday, February 11th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $36.60.

CEVA Trading Up 3.2 %

CEVA stock traded up $1.11 during midday trading on Friday, hitting $35.78. The stock had a trading volume of 290,361 shares, compared to its average volume of 318,347. The firm has a market cap of $845.48 million, a P/E ratio of -255.55 and a beta of 1.25. CEVA has a 1-year low of $16.02 and a 1-year high of $37.75. The business has a fifty day moving average price of $32.65 and a two-hundred day moving average price of $27.60.

CEVA (NASDAQ:CEVA - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The semiconductor company reported ($0.05) earnings per share for the quarter, missing the consensus estimate 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, equities analysts anticipate that CEVA will post -0.25 EPS for the current year.

Institutional Investors Weigh In On CEVA

Hedge funds and other institutional investors have recently made changes to their positions in the business. 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 worth $34,000 after acquiring an additional 779 shares in the last quarter. GAMMA Investing LLC grew its position in CEVA by 338.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,457 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 1,125 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in CEVA in the 4th quarter worth about $40,000. Meeder Asset Management Inc. bought a new stake in CEVA in the 4th quarter worth about $46,000. Finally, Point72 DIFC Ltd grew 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 purchasing an additional 378 shares in the last quarter. 85.37% of the stock is owned by institutional investors.

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.