Insider Selling: CEVA Director Sells 26,000 Shares of Stock (CEVA)
CEVA (NASDAQ:CEVA) Director Bruce Mann sold 26,000 shares of the company’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $14.40, for a total value of $374,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of CEVA (NASDAQ:CEVA) traded up 3.85% on Tuesday, hitting $15.225. The stock had a trading volume of 116,183 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 $14.8 and a 200-day moving average of $16.37. The company has a market cap of $319.5 million and a price-to-earnings ratio of 47.44.
CEVA (NASDAQ:CEVA) last announced its earnings results on Wednesday, April 30th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 12.4% on a year-over-year basis. On average, analysts predict that CEVA will post $0.42 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on CEVA shares. Analysts at Chardan Capital downgraded shares of CEVA from a “neutral” rating to a “sell” rating in a research note on Thursday, June 12th. 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average 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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