BidaskClub upgraded shares of CEVA (NASDAQ:CEVA) from a hold rating to a buy rating in a report published on Friday morning, BidAskClub reports.

A number of other research analysts have also recently weighed in on the company. Barclays set a $27.00 price target on CEVA and gave the company a hold rating in a research report on Friday, August 9th. Zacks Investment Research upgraded CEVA from a hold rating to a buy rating and set a $36.00 price target for the company in a research report on Wednesday. Canaccord Genuity raised their price target on CEVA from $30.00 to $35.00 and gave the company a buy rating in a research report on Friday, August 9th. Northland Securities restated a hold rating and issued a $28.00 price target on shares of CEVA in a research report on Thursday, August 8th. Finally, ValuEngine upgraded CEVA from a buy rating to a strong-buy rating in a research report on Tuesday, August 6th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $32.20.

Shares of CEVA stock traded up $0.97 during mid-day trading on Friday, reaching $31.86. The stock had a trading volume of 64,200 shares, compared to its average volume of 121,484. CEVA has a 12-month low of $20.40 and a 12-month high of $32.23. The company has a market cap of $699.96 million, a P/E ratio of 289.64 and a beta of 1.65. The business has a 50-day simple moving average of $26.87 and a 200 day simple moving average of $26.22. The company has a current ratio of 8.46, a quick ratio of 8.01 and a debt-to-equity ratio of 0.03.

CEVA (NASDAQ:CEVA) last announced its quarterly earnings results on Thursday, August 8th. The semiconductor company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.14. CEVA had a return on equity of 1.12% and a net margin of 1.33%. The business had revenue of $18.40 million during the quarter, compared to analysts’ expectations of $17.41 million. During the same quarter last year, the business posted $0.04 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. Research analysts anticipate that CEVA will post -0.07 EPS for the current year.

Institutional investors have recently bought and sold shares of the stock. Quantamental Technologies LLC purchased a new stake in CEVA during the 1st quarter worth about $38,000. US Bancorp DE increased its position in CEVA by 976.6% during the 2nd quarter. US Bancorp DE now owns 1,658 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 1,504 shares in the last quarter. Bank of Montreal Can increased its position in CEVA by 324.6% during the 2nd quarter. Bank of Montreal Can now owns 2,412 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 1,844 shares in the last quarter. Penserra Capital Management LLC increased its position in CEVA by 70.4% during the 1st quarter. Penserra Capital Management LLC now owns 3,000 shares of the semiconductor company’s stock worth $80,000 after purchasing an additional 1,239 shares in the last quarter. Finally, Tyers Asset Management LLC increased its position in CEVA by 10.4% during the 2nd quarter. Tyers Asset Management LLC now owns 3,552 shares of the semiconductor company’s stock worth $87,000 after purchasing an additional 336 shares in the last quarter. Hedge funds and other institutional investors own 84.37% of the company’s stock.

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 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.

See Also: Compound Annual Growth Rate (CAGR)

Analyst Recommendations for CEVA (NASDAQ:CEVA)

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