StockNews.com lowered shares of CEVA (NASDAQ:CEVA - Free Report) from a buy rating to a hold rating in a research note issued to investors on Friday.
CEVA has been the subject of a number of other research reports. Oppenheimer upped their price objective on shares of CEVA from $29.00 to $33.00 and gave the stock an "outperform" rating in a research report on Thursday, August 8th. Roth Mkm upped their target price on CEVA from $25.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Finally, Rosenblatt Securities increased their price objective on shares of CEVA from $28.00 to $35.00 and gave the company a "buy" rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.
Read Our Latest Research Report on CEVA
CEVA Stock Performance
Shares of CEVA stock traded down $0.69 during trading hours on Friday, reaching $26.69. 48,787 shares of the company's stock were exchanged, compared to its average volume of 151,898. CEVA has a fifty-two week low of $16.02 and a fifty-two week high of $30.00. The stock's 50 day moving average is $24.53 and its 200-day moving average is $21.87.
Hedge Funds Weigh In On CEVA
Hedge funds have recently made changes to their positions in the stock. US Bancorp DE boosted 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 buying an additional 779 shares during the period. 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 valued at $35,000 after acquiring an additional 1,125 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in CEVA during the second quarter worth about $43,000. nVerses Capital LLC acquired a new position in shares of CEVA in the second quarter valued at approximately $50,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in CEVA during the 2nd quarter worth about $65,000. Hedge funds and other institutional investors own 85.37% of the company's stock.
About CEVA
(
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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.
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