CEVA, Inc. (NASDAQ:CEVA - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $33.40 and last traded at $33.40, with a volume of 279 shares trading hands. The stock had previously closed at $32.22.
Analyst Ratings Changes
CEVA has been the subject of a number of analyst reports. Roth Mkm raised their price target on CEVA from $25.00 to $40.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Rosenblatt Securities raised their target price on shares of CEVA from $28.00 to $35.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Finally, StockNews.com downgraded shares of CEVA from a "buy" rating to a "hold" rating in a report on Friday, November 15th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.
Get Our Latest Research Report on CEVA
CEVA Trading Down 3.8 %
The company has a market capitalization of $732.67 million, a P/E ratio of -221.48 and a beta of 1.27. The company has a 50 day moving average price of $27.52 and a 200 day moving average price of $23.58.
Hedge Funds Weigh In On CEVA
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE boosted its holdings 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 during the period. GAMMA Investing LLC boosted its stake 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 purchasing an additional 1,125 shares during the period. Point72 DIFC Ltd acquired a new position in CEVA in the 2nd quarter valued at $43,000. nVerses Capital LLC acquired a new position in CEVA in the 2nd quarter valued at $50,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in CEVA during the 2nd quarter worth $65,000. 85.37% of the stock is owned by institutional investors.
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.
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