CEVA, Inc. (CEVA) Set to Announce Earnings on Thursday
CEVA, Inc. (NASDAQ:CEVA) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, August 3rd. Analysts expect CEVA to post earnings of $0.27 per share for the quarter.
CEVA (NASDAQ:CEVA) last announced its earnings results on Thursday, May 4th. The semiconductor company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.09. The business had revenue of $21.30 million during the quarter, compared to the consensus estimate of $20.98 million. CEVA had a net margin of 19.90% and a return on equity of 7.99%. The firm’s revenue was up 29.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 earnings per share. On average, analysts expect CEVA to post $1.13 EPS for the current fiscal year and $1.50 EPS for the next fiscal year.
CEVA, Inc. (NASDAQ:CEVA) opened at 47.90 on Thursday. The company has a market capitalization of $1.03 billion, a P/E ratio of 67.66 and a beta of 0.63. CEVA, Inc. has a one year low of $28.15 and a one year high of $48.67. The firm has a 50-day moving average of $45.99 and a 200-day moving average of $38.99.
In other news, EVP Issachar Ohana sold 5,361 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $41.84, for a total transaction of $224,304.24. Following the sale, the executive vice president now owns 35,822 shares of the company’s stock, valued at approximately $1,498,792.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gideon Wertheizer sold 898 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $42.25, for a total value of $37,940.50. Following the sale, the chief executive officer now directly owns 81,783 shares in the company, valued at approximately $3,455,331.75. The disclosure for this sale can be found here. Insiders have sold a total of 150,219 shares of company stock worth $6,414,133 in the last three months. Corporate insiders own 3.90% of the company’s stock.
CEVA has been the subject of several recent research reports. Zacks Investment Research upgraded CEVA from a “sell” rating to a “hold” rating in a research note on Tuesday, April 4th. Canaccord Genuity lifted their price objective on CEVA from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th. Oppenheimer Holdings, Inc. lifted their price objective on CEVA from $37.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Finally, Benchmark Co. lifted their price objective on CEVA from $42.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, June 5th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $41.57.
CEVA, Inc (CEVA) is a licensor of signal processing intellectual property (IP). The Company partners with semiconductor companies and original equipment manufacturers (OEMs) to create connected devices for a range of end markets, including mobile, consumer, automotive, industrial and Internet of things (IoT).
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