Ceva (NASDAQ:CEVA) Stock Price Down 5.4% After Analyst Downgrade

Ceva, Inc. (NASDAQ:CEVA) was down 5.4% during mid-day trading on Tuesday after Oppenheimer lowered their price target on the stock from $42.00 to $38.00. Oppenheimer currently has an outperform rating on the stock. Ceva traded as low as $30.51 and last traded at $30.2060. Approximately 394,692 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 632,098 shares. The stock had previously closed at $31.92.

Several other analysts have also commented on the company. Stifel Nicolaus increased their price objective on Ceva from $42.00 to $50.00 and gave the company a “buy” rating in a report on Friday, July 10th. Rosenblatt Securities upped their target price on Ceva from $45.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. initiated coverage on Ceva in a research note on Friday, May 8th. They issued a “neutral” rating and a $30.00 price target for the company. Benchmark assumed coverage on Ceva in a research note on Wednesday, July 15th. They issued a “hold” rating for the company. Finally, TD Cowen raised their price target on Ceva from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Nine research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Ceva has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

Key Stories Impacting Ceva

Here are the key news stories impacting Ceva this week:

• Positive Sentiment: Ceva reported second-quarter adjusted earnings of $0.08 per share, exceeding the $0.07 consensus estimate, while revenue of $29.03 million topped expectations of $28.19 million. Revenue increased 13% year over year, supported by strong licensing and related revenue tied to artificial intelligence and connectivity demand. Ceva Second Quarter 2026 Financial Results
• Positive Sentiment: Rosenblatt raised its price target from $45 to $49 and kept a “buy” rating. Needham also maintained a “buy” rating, while its reduced $43 target still implies considerable potential upside from recent trading levels. Analyst Forecast Revisions Following Q2 Results
• Positive Sentiment: Recent insider activity has been supportive: Ceva’s chief executive, chief financial officer and another insider reportedly purchased shares during the past six months. Institutional positioning was mixed, with State Street and BlackRock among investors increasing holdings. Ceva Insider and Institutional Activity
• Neutral Sentiment: Reports about a cyberattack affecting CEVA Logistics, a separate logistics company involved in shipping Steam hardware, do not appear related to Ceva, Inc.’s semiconductor intellectual-property business or its NASDAQ-listed stock.
• Negative Sentiment: Oppenheimer lowered its price target from $42 to $38, although it retained an “outperform” rating. The reductions from Oppenheimer and Needham suggest analysts are tempering expectations after the earnings release, despite maintaining favorable ratings. Analyst Forecast Revisions Following Q2 Results
• Negative Sentiment: Ceva remains unprofitable, reporting a negative net margin of 10.47% and negative return on equity. The company is expected to post a loss for the full fiscal year, which may be weighing on the stock despite the quarterly earnings and revenue beats.

Hedge Funds Weigh In On Ceva

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Ceva during the 2nd quarter valued at approximately $113,995,000. Senvest Management LLC increased its stake in shares of Ceva by 8.0% in the fourth quarter. Senvest Management LLC now owns 2,387,536 shares of the semiconductor company’s stock worth $51,380,000 after acquiring an additional 177,765 shares during the period. Neuberger Berman Group LLC raised its holdings in shares of Ceva by 44.1% during the fourth quarter. Neuberger Berman Group LLC now owns 998,824 shares of the semiconductor company’s stock worth $21,505,000 after purchasing an additional 305,540 shares during the last quarter. AWM Investment Company Inc. lifted its position in Ceva by 24.1% during the fourth quarter. AWM Investment Company Inc. now owns 827,806 shares of the semiconductor company’s stock valued at $17,814,000 after purchasing an additional 160,644 shares during the period. Finally, Deutsche Bank AG purchased a new stake in Ceva in the second quarter valued at $33,941,000. 85.37% of the stock is owned by hedge funds and other institutional investors.

Ceva Trading Down 5.4%

The firm has a 50-day simple moving average of $41.78 and a two-hundred day simple moving average of $30.88. The company has a market capitalization of $841.54 million, a price-to-earnings ratio of -67.06 and a beta of 1.99.

Ceva (NASDAQ:CEVA) last issued its quarterly earnings data on Monday, August 10th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. Ceva had a negative return on equity of 3.42% and a negative net margin of 10.47%.The business had revenue of $29.03 million during the quarter, compared to analysts’ expectations of $28.19 million. During the same quarter in the previous year, the firm posted $0.07 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities research analysts anticipate that Ceva, Inc. will post -0.21 EPS for the current year.

About Ceva

Ceva, Inc (NASDAQ: CEVA) is a leading licensor of signal processing IP cores and platforms that enable intelligent, connected devices. The company designs a broad portfolio of digital signal processing (DSP) and AI processors, software development toolkits and reference frameworks for applications ranging from 5G wireless communications and Bluetooth connectivity to audio, computer vision, sensor fusion and edge AI. Its solutions target a variety of end markets including smartphones, automotive, IoT devices, smart home, industrial automation and wearable electronics.

Founded in 1999 as a spin-off from DSP Group, Ceva has built its reputation on delivering modular, power-efficient IP that can be customized to meet stringent performance, area and power requirements.