CEVA (NASDAQ:CEVA) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Thursday.

Several other equities analysts have also recently weighed in on the company. Zacks Investment Research upgraded CEVA from a “sell” rating to a “hold” rating in a report on Tuesday, April 10th. TheStreet cut CEVA from a “b” rating to a “c+” rating in a report on Wednesday, February 14th. Canaccord Genuity began coverage on CEVA in a report on Friday, February 9th. They issued a “buy” rating and a $50.00 target price for the company. Barclays dropped their target price on CEVA from $54.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, February 7th. Finally, Oppenheimer cut CEVA from an “outperform” rating to a “hold” rating in a report on Wednesday, January 24th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $48.83.

NASDAQ CEVA opened at $37.05 on Thursday. The company has a market cap of $826.61, a price-to-earnings ratio of 46.31, a PEG ratio of 2.93 and a beta of 0.88. CEVA has a 1-year low of $34.60 and a 1-year high of $51.80.

CEVA (NASDAQ:CEVA) last released its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. The business had revenue of $21.60 million during the quarter, compared to analysts’ expectations of $21.17 million. CEVA had a return on equity of 7.82% and a net margin of 19.46%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 EPS. equities research analysts expect that CEVA will post 0.63 earnings per share for the current fiscal year.

In related news, EVP Issachar Ohana sold 768 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $41.50, for a total transaction of $31,872.00. Following the completion of the sale, the executive vice president now directly owns 27,929 shares of the company’s stock, valued at approximately $1,159,053.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of CEVA. BlackRock Inc. raised its position in CEVA by 2.7% during the 4th quarter. BlackRock Inc. now owns 2,793,672 shares of the semiconductor company’s stock valued at $128,927,000 after purchasing an additional 74,613 shares in the last quarter. Royce & Associates LP raised its position in CEVA by 6,100.0% during the 4th quarter. Royce & Associates LP now owns 62,000 shares of the semiconductor company’s stock valued at $2,861,000 after purchasing an additional 61,000 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in CEVA during the 4th quarter valued at $2,057,000. Ranger Investment Management L.P. raised its position in CEVA by 7.7% during the 4th quarter. Ranger Investment Management L.P. now owns 602,256 shares of the semiconductor company’s stock valued at $27,794,000 after purchasing an additional 42,812 shares in the last quarter. Finally, Granite Point Capital Management L.P. raised its position in CEVA by 116.6% during the 4th quarter. Granite Point Capital Management L.P. now owns 54,139 shares of the semiconductor company’s stock valued at $2,499,000 after purchasing an additional 29,139 shares in the last quarter. 90.16% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for CEVA (NASDAQ:CEVA)

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