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CEVA (NASDAQ:CEVA) has been given an average rating of “Hold” by the nine ratings firms that are covering the stock, AnalystRatings.Net reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $19.00.

CEVA (NASDAQ:CEVA) traded down 5.59% on Thursday, hitting $14.53. 90,491 shares of the company’s stock traded hands. 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 $15.16 and a 200-day moving average of $16.40. The company has a market cap of $304.9 million and a P/E ratio of 49.81.

CEVA (NASDAQ:CEVA) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. Analysts expect that CEVA will post $0.43 EPS for the current fiscal year.

CEVA has been the subject of a number of recent research reports. Analysts at Chardan Capital downgraded shares of CEVA from a “neutral” rating to a “sell” rating in a research note on Thursday. They now have a $13.00 price target on the stock. Finally, 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.

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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