CEVA (CEVA) Given New $35.00 Price Target at Barclays
CEVA (NASDAQ:CEVA) had its price target decreased by Barclays from $40.00 to $35.00 in a report released on Wednesday. Barclays currently has an overweight rating on the semiconductor company’s stock.
CEVA has been the subject of a number of other reports. BidaskClub upgraded CEVA from a hold rating to a buy rating in a report on Saturday, June 16th. ValuEngine upgraded CEVA from a sell rating to a hold rating in a report on Tuesday, May 15th. Cowen began coverage on CEVA in a report on Thursday, May 17th. They issued an outperform rating and a $43.00 target price for the company. Finally, Zacks Investment Research upgraded CEVA from a sell rating to a hold rating in a report on Tuesday, July 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. CEVA has an average rating of Hold and a consensus target price of $39.43.
Shares of CEVA traded down $0.10, reaching $29.60, during mid-day trading on Wednesday, according to Marketbeat. 134,908 shares of the company were exchanged, compared to its average volume of 163,297. CEVA has a 52 week low of $26.10 and a 52 week high of $51.80. The company has a market capitalization of $659.97 million, a price-to-earnings ratio of 37.00, a price-to-earnings-growth ratio of 5.71 and a beta of 1.06.
In other CEVA news, EVP Issachar Ohana sold 1,500 shares of CEVA stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $34.00, for a total value of $51,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.00% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its holdings in CEVA by 8.6% in the second quarter. BlackRock Inc. now owns 3,122,455 shares of the semiconductor company’s stock worth $94,298,000 after purchasing an additional 246,611 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in CEVA by 55.3% in the first quarter. Asset Management One Co. Ltd. now owns 739,054 shares of the semiconductor company’s stock valued at $26,754,000 after acquiring an additional 263,252 shares during the period. Summit Trail Advisors LLC grew its stake in CEVA by 2,352.4% in the first quarter. Summit Trail Advisors LLC now owns 717,944 shares of the semiconductor company’s stock valued at $718,000 after acquiring an additional 688,669 shares during the period. Rice Hall James & Associates LLC grew its stake in CEVA by 10.9% in the second quarter. Rice Hall James & Associates LLC now owns 644,003 shares of the semiconductor company’s stock valued at $19,449,000 after acquiring an additional 63,136 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in CEVA by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 638,973 shares of the semiconductor company’s stock valued at $19,297,000 after acquiring an additional 5,082 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.
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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