Needham & Company LLC Has Lowered Expectations for Ceva (NASDAQ:CEVA) Stock Price

Ceva (NASDAQ:CEVA) had its price target decreased by investment analysts at Needham & Company LLC from $43.00 to $30.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC‘s price target would indicate a potential upside of 20.77% from the company’s previous close.

Several other research firms have also commented on CEVA. Rosenblatt Securities increased their target price on shares of Ceva from $45.00 to $49.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Benchmark upgraded shares of Ceva from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 14th. Oppenheimer dropped their price target on Ceva from $42.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, August 11th. UBS Group cut their price objective on Ceva from $48.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, November 2nd. Finally, Wall Street Zen lowered Ceva from a “buy” rating to a “hold” rating in a research note on Sunday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Ceva has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

Ceva Stock Down 8.3%

NASDAQ:CEVA opened at $24.84 on Monday. The business’s 50-day moving average price is $30.44 and its 200 day moving average price is $30.61. Ceva has a 52-week low of $17.02 and a 52-week high of $51.60.

Ceva (NASDAQ:CEVA) last issued its quarterly earnings results on Monday, November 9th. The semiconductor company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). Ceva had a negative net margin of 9.48% and a negative return on equity of 3.15%. The business had revenue of $29.06 million during the quarter, compared to analyst estimates of $32.71 million. During the same period in the previous year, the company posted $0.11 earnings per share. Ceva’s revenue was up 2.4% compared to the same quarter last year. On average, equities analysts expect that Ceva will post -0.17 EPS for the current fiscal year.

Institutional Trading of Ceva

A number of hedge funds have recently bought and sold shares of CEVA. Aberdeen Group plc purchased a new position in shares of Ceva in the third quarter worth approximately $8,545,000. William Blair Investment Management LLC acquired a new position in Ceva in the 3rd quarter worth approximately $24,975,000. Russell Investments Group Ltd. boosted its stake in Ceva by 129.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 19,800 shares of the semiconductor company’s stock worth $696,000 after purchasing an additional 11,172 shares during the period. Moody Aldrich Partners LLC grew its position in Ceva by 59.2% during the 3rd quarter. Moody Aldrich Partners LLC now owns 121,324 shares of the semiconductor company’s stock worth $4,286,000 after purchasing an additional 45,138 shares in the last quarter. Finally, Sterling Capital Management LLC grew its position in Ceva by 492.6% during the 3rd quarter. Sterling Capital Management LLC now owns 877 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 729 shares in the last quarter. 85.37% of the stock is owned by hedge funds and other institutional investors.

Ceva News Roundup

Here are the key news stories impacting Ceva this week:

• Positive Sentiment: Ceva expects fourth-quarter revenue of $34 million to $38 million, with smartphone modem royalties expected to increase. That outlook suggests a step-up from Q3 revenue of $29.06 million. Ceva expects Q4 revenue of $34M-$38M as smartphone modem royalties step up
• Positive Sentiment: Q3 royalty revenue grew 18% sequentially, and the company reported record AI licensing revenue—signs of momentum in its IP business. Ceva, Inc. Announces Third Quarter 2026 Financial Results
• Negative Sentiment: Q3 adjusted earnings of $0.13 per share missed estimates of roughly $0.18–$0.19. Revenue of $29.06 million also fell short of analysts’ expectations of about $32.7 million, although it was up 2.4% year over year. The results could weigh on sentiment despite the forward guidance. Ceva (CEVA) Lags Q3 Earnings and Revenue Estimates

About Ceva

Ceva, Inc is a semiconductor intellectual property (IP) company that develops and licenses technology used in connected devices. Rather than manufacturing chips, the company provides processor cores, software, and system-level IP that semiconductor companies and original equipment manufacturers can incorporate into their own products.

Its portfolio includes digital signal processor (DSP) cores and platforms for wireless communications, artificial intelligence, computer vision, audio and voice processing, imaging, and sensor applications.