CEVA, Inc. (NASDAQ:CEVA) saw a significant growth in short interest during the month of November. As of November 29th, there was short interest totalling 181,200 shares, a growth of 10.2% from the November 14th total of 164,400 shares. Based on an average daily volume of 104,600 shares, the short-interest ratio is currently 1.7 days. Approximately 0.9% of the company’s stock are sold short.

Shares of NASDAQ CEVA traded up $0.13 during trading hours on Friday, reaching $26.96. The stock had a trading volume of 63,430 shares, compared to its average volume of 106,969. The firm has a market cap of $580.17 million, a price-to-earnings ratio of 245.09, a PEG ratio of 131.90 and a beta of 1.45. The company has a current ratio of 6.80, a quick ratio of 6.80 and a debt-to-equity ratio of 0.03. CEVA has a fifty-two week low of $20.40 and a fifty-two week high of $33.16. The firm has a 50-day moving average of $26.90 and a 200-day moving average of $27.49.

CEVA (NASDAQ:CEVA) last released its quarterly earnings results on Thursday, November 7th. The semiconductor company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.03 by $0.19. CEVA had a positive return on equity of 0.94% and a negative net margin of 0.91%. The company had revenue of $23.50 million for the quarter, compared to analyst estimates of $22.72 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. On average, equities analysts predict that CEVA will post 0.01 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Tyers Asset Management LLC increased its stake in CEVA by 10.4% in the second quarter. Tyers Asset Management LLC now owns 3,552 shares of the semiconductor company’s stock valued at $87,000 after purchasing an additional 336 shares during the period. Comerica Bank grew its holdings in shares of CEVA by 2.0% during the third quarter. Comerica Bank now owns 20,669 shares of the semiconductor company’s stock worth $584,000 after buying an additional 398 shares during the last quarter. Elkfork Partners LLC grew its holdings in shares of CEVA by 10.4% during the second quarter. Elkfork Partners LLC now owns 4,884 shares of the semiconductor company’s stock worth $119,000 after buying an additional 462 shares during the last quarter. Meadow Creek Investment Management LLC increased its position in CEVA by 10.4% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 6,216 shares of the semiconductor company’s stock valued at $151,000 after acquiring an additional 588 shares during the period. Finally, Glen Harbor Capital Management LLC increased its position in CEVA by 10.4% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 7,548 shares of the semiconductor company’s stock valued at $184,000 after acquiring an additional 714 shares during the period. Institutional investors and hedge funds own 82.90% of the company’s stock.

Several analysts have recently weighed in on the stock. BidaskClub downgraded shares of CEVA from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 7th. Zacks Investment Research downgraded shares of CEVA from a “buy” rating to a “hold” rating in a research report on Monday, November 18th. Finally, ValuEngine lowered shares of CEVA from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $31.40.

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 signal processing intellectual properties (IPs), including platforms for 5G baseband processing in handsets and base station RAN; integrated cellular IoT solutions; digital signal processor (DSP) platforms incorporating voice input algorithms and software for voice enabled devices; and DSP platforms for advanced imaging and computer vision in various camera-enabled devices, as well as a family of self-contained artificial intelligent (AI) processors that address a range of edge applications.

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