CEVA, Inc. (CEVA) Receives Average Rating of “Buy” from Analysts
CEVA, Inc. (NASDAQ:CEVA) has been assigned a consensus rating of “Buy” from the nine research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $46.50.
Several equities analysts recently weighed in on CEVA shares. BidaskClub lowered shares of CEVA from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Roth Capital boosted their price objective on shares of CEVA from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Monday, July 31st. Canaccord Genuity reiterated a “buy” rating and issued a $45.00 price objective on shares of CEVA in a report on Tuesday, July 11th. Finally, Benchmark Co. boosted their price objective on shares of CEVA from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, June 5th.
COPYRIGHT VIOLATION NOTICE: This news story was originally published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/09/17/ceva-inc-ceva-receives-average-rating-of-buy-from-analysts.html.
In other CEVA news, Director Peter Mcmanamon sold 1,497 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $45.00, for a total value of $67,365.00. Following the transaction, the director now owns 264,054 shares in the company, valued at approximately $11,882,430. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.90% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Lord Abbett & CO. LLC raised its stake in shares of CEVA by 61.0% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,334,384 shares of the semiconductor company’s stock valued at $60,648,000 after purchasing an additional 505,443 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its stake in shares of CEVA by 3.8% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 640,978 shares of the semiconductor company’s stock valued at $29,132,000 after purchasing an additional 23,564 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of CEVA in the 2nd quarter valued at about $211,000. The Manufacturers Life Insurance Company raised its stake in shares of CEVA by 7.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,521 shares of the semiconductor company’s stock valued at $751,000 after purchasing an additional 1,185 shares in the last quarter. Finally, State Street Corp raised its stake in shares of CEVA by 1.5% in the 2nd quarter. State Street Corp now owns 582,662 shares of the semiconductor company’s stock valued at $26,484,000 after purchasing an additional 8,878 shares in the last quarter. Institutional investors and hedge funds own 87.29% of the company’s stock.
Shares of CEVA (NASDAQ CEVA) traded up 2.23% during mid-day trading on Friday, hitting $43.55. The stock had a trading volume of 357,060 shares. CEVA has a 12-month low of $28.15 and a 12-month high of $48.67. The stock has a market cap of $956.53 million, a P/E ratio of 57.61 and a beta of 0.66. The company’s 50 day moving average price is $41.98 and its 200 day moving average price is $40.82.
CEVA (NASDAQ:CEVA) last posted its earnings results on Thursday, August 3rd. The semiconductor company reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The business had revenue of $20.57 million for the quarter, compared to analyst estimates of $19.66 million. CEVA had a net margin of 20.52% and a return on equity of 8.24%. The business’s quarterly revenue was up 20.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.21 EPS. Equities research analysts predict that CEVA will post $1.14 EPS for the current fiscal year.
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).
Receive News & Ratings for CEVA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CEVA Inc. and related companies with MarketBeat.com's FREE daily email newsletter.