CEVA (NASDAQ:CEVA) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

CEVA, Inc. (NASDAQ:CEVA - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $26.34 and traded as high as $32.69. CEVA shares last traded at $32.60, with a volume of 356,031 shares.

Wall Street Analyst Weigh In

CEVA has been the topic of several recent analyst reports. Roth Mkm boosted 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. Northland Securities boosted their price objective on CEVA from $31.00 to $35.00 and gave the stock 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 upped their price target on shares of CEVA from $28.00 to $35.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, CEVA has a consensus rating of "Moderate Buy" and an average target price of $34.20.

CEVA Price Performance

The firm has a 50 day moving average price of $31.98 and a 200-day moving average price of $26.53. The firm has a market cap of $761.12 million, a price-to-earnings ratio of -230.05 and a beta of 1.24.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Point72 DIFC Ltd raised its stake in shares of CEVA by 16.8% during the third quarter. Point72 DIFC Ltd now owns 2,632 shares of the semiconductor company's stock worth $64,000 after buying an additional 378 shares during the last quarter. Centaurus Financial Inc. grew its holdings in CEVA by 2.5% during the 3rd quarter. Centaurus Financial Inc. now owns 18,083 shares of the semiconductor company's stock worth $437,000 after acquiring an additional 433 shares during the period. US Bancorp DE raised its position in shares of CEVA by 125.8% during the 3rd quarter. US Bancorp DE now owns 1,398 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 779 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of CEVA by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 18,260 shares of the semiconductor company's stock valued at $441,000 after purchasing an additional 808 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of CEVA by 63.3% in the 4th quarter. GAMMA Investing LLC now owns 2,379 shares of the semiconductor company's stock worth $75,000 after purchasing an additional 922 shares during the last quarter. Institutional investors own 85.37% of the company's stock.

CEVA Company Profile

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.