Analysts expect that CEVA, Inc. (NASDAQ:CEVA) will post earnings per share (EPS) of $0.14 for the current quarter, according to Zacks. Two analysts have provided estimates for CEVA’s earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.08. CEVA reported earnings of $0.28 per share during the same quarter last year, which suggests a negative year over year growth rate of 50%. The business is expected to report its next quarterly earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that CEVA will report full-year earnings of $1.07 per share for the current financial year, with EPS estimates ranging from $1.05 to $1.08. For the next financial year, analysts expect that the company will post earnings of $1.41 per share, with EPS estimates ranging from $1.40 to $1.41. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for CEVA.

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CEVA (NASDAQ:CEVA) last posted its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.25 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.25. CEVA had a net margin of 19.46% and a return on equity of 7.82%. The firm had revenue of $21.60 million for the quarter, compared to the consensus estimate of $21.17 million. During the same quarter in the previous year, the company earned $0.32 earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year.

CEVA has been the topic of a number of recent research reports. Canaccord Genuity initiated coverage on shares of CEVA in a research note on Friday, February 9th. They set a “buy” rating and a $50.00 price target on the stock. TheStreet downgraded shares of CEVA from a “b” rating to a “c+” rating in a research note on Wednesday, February 14th. BidaskClub upgraded shares of CEVA from a “sell” rating to a “hold” rating in a research note on Tuesday, March 13th. Oppenheimer downgraded shares of CEVA from an “outperform” rating to a “hold” rating in a research note on Wednesday, January 24th. They noted that the move was a valuation call. Finally, UBS downgraded shares of CEVA from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $47.57.

In other news, EVP Issachar Ohana sold 768 shares of the business’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $41.50, for a total value of $31,872.00. Following the sale, the executive vice president now owns 27,929 shares in the company, valued at approximately $1,159,053.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.90% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of CEVA. Cubist Systematic Strategies LLC acquired a new stake in shares of CEVA in the 3rd quarter valued at $213,000. GSA Capital Partners LLP acquired a new stake in shares of CEVA in the 3rd quarter valued at $239,000. Icon Advisers Inc. Co. acquired a new stake in shares of CEVA in the 3rd quarter valued at $291,000. Teacher Retirement System of Texas acquired a new stake in shares of CEVA in the 4th quarter valued at $352,000. Finally, First Trust Advisors LP boosted its stake in shares of CEVA by 22.5% in the 3rd quarter. First Trust Advisors LP now owns 8,438 shares of the semiconductor company’s stock valued at $361,000 after purchasing an additional 1,552 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

CEVA stock traded up $0.25 on Friday, reaching $38.95. 267,962 shares of the company’s stock were exchanged, compared to its average volume of 127,231. CEVA has a 1 year low of $33.10 and a 1 year high of $51.80. The firm has a market capitalization of $865.43, a P/E ratio of 51.25, a P/E/G ratio of 3.07 and a beta of 0.88.

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About CEVA

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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