CEVA, Inc. (NASDAQ:CEVA) Given Average Rating of “Buy” by Brokerages

Shares of CEVA, Inc. (NASDAQ:CEVA) have been given a consensus rating of “Buy” by the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $36.60.

Several research analysts have recently commented on the stock. Rosenblatt Securities restated a “buy” rating and set a $35.00 price target on shares of CEVA in a research note on Tuesday, February 11th. StockNews.com cut CEVA from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Barclays increased their price target on shares of CEVA from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Northland Securities upped their price objective on shares of CEVA from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, December 23rd.

CEVA Stock Up 3.6 %

Shares of NASDAQ:CEVA opened at $30.85 on Friday. CEVA has a 12-month low of $16.02 and a 12-month high of $38.94. The firm has a market capitalization of $734.45 million, a P/E ratio of -83.38 and a beta of 1.32. The firm has a fifty day moving average of $33.08 and a two-hundred day moving average of $29.05.

CEVA (NASDAQ:CEVA) last issued its 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 return on equity of 2.48% and a negative net margin of 8.22%. Equities research analysts expect that CEVA will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CEVA

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of CEVA by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 2,165,300 shares of the semiconductor company’s stock valued at $68,315,000 after acquiring an additional 24,313 shares in the last quarter. AWM Investment Company Inc. lifted its stake in CEVA by 18.0% during the fourth quarter. AWM Investment Company Inc. now owns 600,162 shares of the semiconductor company’s stock worth $18,935,000 after purchasing an additional 91,668 shares during the period. Geode Capital Management LLC boosted its holdings in CEVA by 0.7% during the third quarter. Geode Capital Management LLC now owns 559,109 shares of the semiconductor company’s stock valued at $13,505,000 after purchasing an additional 3,649 shares in the last quarter. Northern Trust Corp grew its stake in shares of CEVA by 14.3% in the 4th quarter. Northern Trust Corp now owns 270,372 shares of the semiconductor company’s stock valued at $8,530,000 after purchasing an additional 33,737 shares during the period. Finally, ArrowMark Colorado Holdings LLC raised its holdings in shares of CEVA by 199.6% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 254,677 shares of the semiconductor company’s stock worth $8,035,000 after buying an additional 169,677 shares in the last quarter. Institutional investors own 85.37% of the company’s stock.

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.