Brokerages Set CEVA, Inc. (NASDAQ:CEVA) Target Price at $36.60

CEVA, Inc. (NASDAQ:CEVA) has been given an average rating of “Buy” by the five research firms that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued a report on the stock in the last year is $36.60.

Several equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of CEVA from a “buy” rating to a “hold” rating in a research note on Tuesday, April 1st. Barclays increased their price target on CEVA from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Rosenblatt Securities restated a “buy” rating and issued a $35.00 price objective on shares of CEVA in a research report on Tuesday, February 11th. Finally, Northland Securities upped their target price on CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, December 23rd.

Insiders Place Their Bets

In other news, Director Louis Silver sold 4,520 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $30.98, for a total value of $140,029.60. Following the completion of the sale, the director now directly owns 47,038 shares in the company, valued at $1,457,237.24. This represents a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.80% of the stock is owned by company insiders.

Institutional Trading of CEVA

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in shares of CEVA by 3,600.0% during the 1st quarter. GAMMA Investing LLC now owns 88,022 shares of the semiconductor company’s stock worth $2,254,000 after purchasing an additional 85,643 shares during the last quarter. Centaurus Financial Inc. lifted its position in CEVA by 5.9% during the fourth quarter. Centaurus Financial Inc. now owns 19,158 shares of the semiconductor company’s stock worth $604,000 after buying an additional 1,075 shares in the last quarter. AWM Investment Company Inc. boosted 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 buying an additional 91,668 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in CEVA by 9.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,546 shares of the semiconductor company’s stock valued at $1,279,000 after buying an additional 3,584 shares in the last quarter. Finally, Man Group plc purchased a new stake in CEVA in the 4th quarter valued at $1,484,000. Hedge funds and other institutional investors own 85.37% of the company’s stock.

CEVA Trading Down 4.5 %

Shares of NASDAQ:CEVA opened at $20.49 on Wednesday. CEVA has a 12-month low of $16.02 and a 12-month high of $38.94. The business has a 50 day moving average of $30.58 and a two-hundred day moving average of $29.41. The company has a market capitalization of $489.92 million, a PE ratio of -55.38 and a beta of 1.46.

CEVA (NASDAQ:CEVA) last posted its earnings results on Thursday, February 13th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.16). CEVA had a negative net margin of 8.22% and a negative return on equity of 2.48%. Equities research analysts predict that CEVA will post -0.12 earnings per share for the current fiscal year.

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.