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CEVA (NASDAQ:CEVA) Director Dan S. Tocatly sold 3,250 shares of the stock on the open market in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $15.31, for a total value of $49,757.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of CEVA (NASDAQ:CEVA) traded down 0.38% on Friday, hitting $15.65. The stock had a trading volume of 216,796 shares. CEVA has a 52-week low of $13.49 and a 52-week high of $21.10. The stock has a 50-day moving average of $15.60 and a 200-day moving average of $16.41. The company has a market cap of $328.4 million and a P/E ratio of 50.84.

CEVA (NASDAQ:CEVA) last announced its earnings results on Wednesday, April 30th. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.03. The company had revenue of $13.70 million for the quarter, compared to the consensus estimate of $12.16 million. During the same quarter last year, the company posted $0.13 earnings per share. CEVA’s revenue was up 12.4% compared to the same quarter last year. On average, analysts predict that CEVA will post $0.43 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Chardan Capital cut their price target on shares of CEVA from $17.00 to $13.00 in a research note on Thursday, May 1st. They now have a “neutral” rating on the stock. Analysts at Wunderlich downgraded shares of CEVA from a “buy” rating to a “hold” rating in a research note on Thursday, May 1st. They now have a $16.00 price target on the stock, down previously from $20.00. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.00.

CEVA, Inc (NASDAQ:CEVA) is a licensor of silicon intellectual property (SIP) primarily for the handsets, mobile broadband, portable and consumer electronics markets.

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