CEVA (CEVA) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of CEVA (NASDAQ:CEVA) from a hold rating to a buy rating in a research note published on Thursday.

A number of other brokerages have also weighed in on CEVA. Roth Capital decreased their target price on CEVA from $44.00 to $35.00 and set a buy rating on the stock in a research note on Wednesday, August 8th. Canaccord Genuity restated a buy rating and issued a $36.00 target price on shares of CEVA in a research note on Tuesday, August 7th. BidaskClub upgraded CEVA from a sell rating to a hold rating in a research note on Tuesday, July 10th. Zacks Investment Research upgraded CEVA from a sell rating to a hold rating in a research note on Tuesday, October 9th. Finally, Barclays decreased their target price on CEVA from $40.00 to $35.00 and set an overweight rating on the stock in a research note on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. CEVA presently has an average rating of Buy and an average price target of $38.67.

NASDAQ CEVA traded up $0.41 during trading on Thursday, reaching $26.41. The company’s stock had a trading volume of 150,531 shares, compared to its average volume of 135,270. The firm has a market capitalization of $581.84 million, a P/E ratio of 33.01, a P/E/G ratio of 18.86 and a beta of 1.38. CEVA has a one year low of $23.01 and a one year high of $51.80.

CEVA (NASDAQ:CEVA) last announced its earnings results on Tuesday, August 7th. The semiconductor company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The business had revenue of $17.49 million during the quarter, compared to the consensus estimate of $18.95 million. CEVA had a return on equity of 2.43% and a net margin of 5.87%. On average, sell-side analysts expect that CEVA will post 0.07 EPS for the current fiscal year.

In other news, Director Maria Marced sold 2,770 shares of the company’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $29.50, for a total value of $81,715.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of CEVA. Northern Trust Corp boosted its holdings in shares of CEVA by 1.2% in the 1st quarter. Northern Trust Corp now owns 292,806 shares of the semiconductor company’s stock worth $10,600,000 after purchasing an additional 3,566 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of CEVA by 8.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 633,891 shares of the semiconductor company’s stock worth $22,947,000 after purchasing an additional 48,157 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of CEVA by 4.0% in the 1st quarter. Principal Financial Group Inc. now owns 181,006 shares of the semiconductor company’s stock worth $6,552,000 after purchasing an additional 6,939 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of CEVA in the 1st quarter worth about $203,000. Finally, Baillie Gifford & Co. boosted its holdings in shares of CEVA by 14.1% in the 2nd quarter. Baillie Gifford & Co. now owns 366,544 shares of the semiconductor company’s stock worth $11,070,000 after purchasing an additional 45,294 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

CEVA Company Profile

CEVA, Inc licenses signal processing platforms and artificial intelligence processors for semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, industrial, and Internet-of Things (IoT) markets worldwide. The company licenses a family of programmable digital signal processor (DSP) cores and application-specific platforms for imaging, computer vision, deep learning, sound, voice, and audio processing; and long range wireless technologies for LTE/5G baseband processing in IoT, handsets, and infrastructure, as well as short range wireless platforms for Wi-Fi and Bluetooth.

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Analyst Recommendations for CEVA (NASDAQ:CEVA)

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