CEVA (NASDAQ:CEVA - Get Free Report) issued its quarterly earnings data on Thursday. The semiconductor company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.16), Zacks reports. CEVA had a negative net margin of 3.22% and a negative return on equity of 2.69%.
CEVA Stock Down 0.8 %
CEVA stock traded down $0.29 during trading hours on Monday, hitting $34.67. The stock had a trading volume of 236,674 shares, compared to its average volume of 341,120. CEVA has a one year low of $16.02 and a one year high of $37.75. The stock has a market cap of $819.25 million, a price-to-earnings ratio of -247.63 and a beta of 1.25. The business's 50 day simple moving average is $32.58 and its 200-day simple moving average is $27.49.
Wall Street Analysts Forecast Growth
CEVA has been the topic of several analyst reports. Roth Mkm increased their target price on CEVA from $25.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Barclays raised their price objective on CEVA from $34.00 to $40.00 and gave the company an "overweight" rating in a research note on Friday. Northland Securities raised their price objective on CEVA from $31.00 to $35.00 and gave the company an "outperform" rating in a research note on Monday, December 23rd. StockNews.com lowered CEVA from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $35.00 target price on shares of CEVA in a research report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, CEVA has a consensus rating of "Moderate Buy" and an average target price of $36.60.
Check Out Our Latest Analysis on CEVA
About CEVA
(
Get Free Report)
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.
Further Reading
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