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.

CEVA (NASDAQ:CEVA) last issued its quarterly earnings data on Tuesday, August 7th. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.07). CEVA had a return on equity of 2.43% and a net margin of 5.87%. The company had revenue of $17.49 million for the quarter, compared to the consensus estimate of $18.95 million. research analysts predict that CEVA will post 0.07 EPS for the current fiscal year.

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.

About CEVA

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.

See Also: Investing in Dividend Stocks

Analyst Recommendations for CEVA (NASDAQ:CEVA)

Receive News & Ratings for CEVA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CEVA and related companies with MarketBeat.com's FREE daily email newsletter.