CEVA, Inc. (NASDAQ: CEVA) Given the consensus recommendation of “Buy” by brokerage firms
CEVA, Inc. (NASDAQ: CEVA) has achieved a consensus âBuyâ recommendation from all six analysts who cover the company, reports MarketBeat. One equity research analyst rated the stock with a sell rating, another issued a conservation rating, and four assigned a buy rating to the company. The 1-year average price target among brokerage firms that reported on the stock in the past year is $ 60.60.
CEVA has been the subject of several research reports. Northland Securities reissued a “buy” note and issued a price target of $ 57.00 on CEVA shares in a research report on Tuesday, September 21. Zacks Investment Research downgraded CEVA from a âholdâ rating to a âsellâ rating in a research report released on Tuesday, November 16.
NASDAQ: CEVA shares opened at $ 38.94 on Monday. CEVA has a 52 week low of $ 38.83 and a 52 week high of $ 83.95. The company has a market cap of $ 894.61 million, a P / E ratio of -299.54, a P / E / G ratio of 10.71 and a beta of 1.03. The stock has a 50-day moving average price of $ 45.16 and a 200-day moving average price of $ 45.01.
CEVA (NASDAQ: CEVA) last reported its results on Monday, November 8. The semiconductor company reported earnings per share (EPS) of $ 0.20 for the quarter, beating the consensus estimate of $ 0.17 by $ 0.03. CEVA recorded a positive return on equity of 0.68% and a negative net margin of 2.44%. The company posted revenue of $ 32.79 million in the quarter, compared to analysts’ estimates of $ 31.05 million. In the same quarter of the previous year, the company achieved EPS of $ 0.01. The company’s turnover is up 31.4% compared to the same quarter last year. On average, analysts expect CEVA to post 0.04 earnings per share for the current fiscal year.
In related news, Executive Vice President Issachar Ohana sold 9,338 shares of the company in a transaction that took place on Wednesday, December 8. The stock was sold for an average price of $ 46.00, for a total trade of $ 429,548.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC’s website. Additionally, CEO Gideon Wertheizer sold 8,409 CEVA shares in a trade on Wednesday, November 17. The stock was sold for an average price of $ 49.68, for a total value of $ 417,759.12. Disclosure of this sale can be found here. 2.70% of the shares are held by insiders of the company.
Several institutional investors have recently bought and sold shares of CEVA. Senvest Management LLC increased its participation in CEVA shares by 157.3% in the 3rd quarter. Senvest Management LLC now owns 202,030 shares of the semiconductor company valued at $ 8,621,000 after purchasing an additional 123,506 shares in the last quarter. Meitav Dash Investments Ltd. increased its stake in CEVA shares by 610.2% in the 3rd quarter. Meitav Dash Investments Ltd. Now owns 137,786 shares of the semiconductor company valued at $ 5,879,000 after purchasing an additional 118,385 shares during the last quarter. In the second quarter, Amundi took a new stake in CEVA shares for an amount of $ 5,321,000. Granahan Investment Management Inc. MA increased its equity stake in CEVA by 43.3% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 260,367 shares of the semiconductor company valued at $ 11,110,000 after purchasing an additional 78,725 shares in the last quarter. Finally, Millennium Management LLC increased its stake in CEVA shares by 226.8% in the 3rd quarter. Millennium Management LLC now owns 85,661 shares of the semiconductor company valued at $ 3,655,000 after purchasing an additional 59,449 shares during the last quarter. 78.85% of the shares are held by institutional investors and hedge funds.
CEVA Company Profile
CEVA, Inc is engaged in the licensing of signal processing platforms and artificial intelligence processors to chip manufacturers. The company offers digital signal processors, AI processors, wireless platforms and complementary software for sensor fusion, image enhancement, computer vision, voice capture and artificial intelligence.
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