Weekly Research Analysts’ Ratings Updates for CEVA (CEVA)

A number of firms have modified their ratings and price targets on shares of CEVA (NASDAQ: CEVA) recently:

  • 4/18/2019 – CEVA had its “hold” rating reaffirmed by analysts at Northland Securities. They now have a $27.00 price target on the stock.
  • 4/17/2019 – CEVA was downgraded by analysts at Exane BNP Paribas from an “outperform” rating to a “neutral” rating.
  • 4/17/2019 – CEVA had its “neutral” rating reaffirmed by analysts at BNP Paribas.
  • 4/13/2019 – CEVA was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 3/1/2019 – CEVA was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

CEVA stock opened at $23.30 on Friday. CEVA, Inc. has a one year low of $20.40 and a one year high of $36.80. The firm has a market cap of $622.05 million, a price-to-earnings ratio of 211.82 and a beta of 1.74.

CEVA (NASDAQ:CEVA) last posted its quarterly earnings data on Wednesday, February 13th. The semiconductor company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.08. CEVA had a return on equity of 1.00% and a net margin of 0.74%. The firm had revenue of $21.40 million for the quarter, compared to analyst estimates of $22.07 million. During the same quarter last year, the company earned $0.25 EPS. The company’s revenue was down .9% on a year-over-year basis. On average, equities analysts forecast that CEVA, Inc. will post -0.08 earnings per share for the current year.

In other CEVA news, EVP Issachar Ohana sold 6,670 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $28.00, for a total transaction of $186,760.00. Following the transaction, the executive vice president now owns 34,616 shares in the company, valued at approximately $969,248. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.00% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of CEVA. Penserra Capital Management LLC boosted its holdings in shares of CEVA by 43.6% in the 4th quarter. Penserra Capital Management LLC now owns 1,761 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 535 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of CEVA in the 4th quarter valued at $138,000. Metropolitan Life Insurance Co. NY boosted its holdings in shares of CEVA by 371.9% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,928 shares of the semiconductor company’s stock valued at $153,000 after purchasing an additional 5,460 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of CEVA by 18.7% in the 4th quarter. Van ECK Associates Corp now owns 8,100 shares of the semiconductor company’s stock valued at $179,000 after purchasing an additional 1,277 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new stake in shares of CEVA in the 4th quarter valued at $184,000. Hedge funds and other institutional investors own 88.58% of the company’s stock.

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 programmable digital signal processor (DSP) cores and application-specific platforms for imaging, computer vision, deep learning, sound, voice, and audio processing; and long range wireless technologies for LTE/5G baseband processing in IoT, handsets, and infrastructure, as well as short range wireless platforms for Wi-Fi and Bluetooth.

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