CEVA, Inc. (CEVA) Price Target Raised to $54.00 at Canaccord Genuity
CEVA, Inc. (NASDAQ:CEVA) had its price target boosted by Canaccord Genuity from $53.00 to $54.00 in a research note released on Wednesday morning. Canaccord Genuity currently has a buy rating on the semiconductor company’s stock.
Several other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of CEVA from a buy rating to a hold rating in a research report on Wednesday, October 4th. BidaskClub lowered shares of CEVA from a buy rating to a hold rating in a research report on Wednesday, August 9th. Finally, Roth Capital raised their price target on shares of CEVA from $47.00 to $53.00 and gave the stock a buy rating in a research report on Monday, July 31st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. CEVA currently has a consensus rating of Buy and an average target price of $46.71.
Shares of CEVA (CEVA) opened at $45.10 on Wednesday. The stock has a market cap of $990.58, a price-to-earnings ratio of 50.11, a price-to-earnings-growth ratio of 2.94 and a beta of 0.77. CEVA has a 12-month low of $28.15 and a 12-month high of $49.50.
CEVA (NASDAQ:CEVA) last posted its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.08. The company had revenue of $24.00 million for the quarter, compared to analyst estimates of $21.56 million. CEVA had a net margin of 21.89% and a return on equity of 9.02%. The business’s quarterly revenue was up 34.1% on a year-over-year basis. During the same period last year, the business posted $0.24 EPS. equities research analysts forecast that CEVA will post 0.77 EPS for the current year.
Several institutional investors have recently modified their holdings of CEVA. Wells Fargo & Company MN boosted its position in shares of CEVA by 3.4% during the 1st quarter. Wells Fargo & Company MN now owns 20,052 shares of the semiconductor company’s stock valued at $711,000 after acquiring an additional 668 shares in the last quarter. First Trust Advisors LP boosted its position in shares of CEVA by 4.1% during the 1st quarter. First Trust Advisors LP now owns 6,539 shares of the semiconductor company’s stock valued at $232,000 after acquiring an additional 258 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new stake in shares of CEVA during the 1st quarter valued at about $220,000. Victory Capital Management Inc. boosted its position in shares of CEVA by 35.2% during the 1st quarter. Victory Capital Management Inc. now owns 3,249 shares of the semiconductor company’s stock valued at $115,000 after acquiring an additional 846 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of CEVA by 3.6% during the 1st quarter. Principal Financial Group Inc. now owns 165,386 shares of the semiconductor company’s stock valued at $5,871,000 after acquiring an additional 5,672 shares in the last quarter. Institutional investors and hedge funds own 86.91% of the company’s stock.
CEVA Company Profile
CEVA, Inc (CEVA) is a licensor of signal processing intellectual property (IP). The Company partners with semiconductor companies and original equipment manufacturers (OEMs) to create connected devices for a range of end markets, including mobile, consumer, automotive, industrial and Internet of things (IoT).
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