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CEVA (NASDAQ:CEVA) has been given a consensus recommendation of “Hold” by the eight ratings firms that are covering the company, American Banking News reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $18.00.

CEVA has been the subject of a number of recent research reports. Analysts at Wunderlich cut their price target on shares of CEVA from $16.00 to $14.00 in a research note on Thursday, July 31st. They now have a “hold” rating on the stock. Separately, analysts at Topeka Capital Markets cut their price target on shares of CEVA from $19.00 to $16.00 in a research note on Thursday, July 31st. They now have a “buy” rating on the stock. Finally, 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.

CEVA (NASDAQ:CEVA) opened at 14.24 on Friday. CEVA has a 52-week low of $13.49 and a 52-week high of $18.93. The stock’s 50-day moving average is $14.84 and its 200-day moving average is $16.16. The company has a market cap of $295.9 million and a P/E ratio of 92.30.

CEVA (NASDAQ:CEVA) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.10. The company had revenue of $9.20 million for the quarter, compared to the consensus estimate of $10.54 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was down 28.1% on a year-over-year basis. On average, analysts predict that CEVA will post $0.39 earnings per share for the current fiscal year.

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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