CEVA, Inc. (CEVA) Given Average Recommendation of “Buy” by Brokerages
CEVA, Inc. (NASDAQ:CEVA) has earned a consensus rating of “Buy” from the nine analysts that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $46.33.
A number of analysts have issued reports on the company. Canaccord Genuity boosted their target price on CEVA from $45.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Zacks Investment Research raised CEVA from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Tuesday, October 3rd. Roth Capital boosted their target price on CEVA from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Monday, July 31st. Finally, BidaskClub raised CEVA from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 3rd.
Shares of CEVA (NASDAQ:CEVA) traded up 3.99% on Thursday, reaching $45.65. The company had a trading volume of 157,640 shares. CEVA has a 1-year low of $28.15 and a 1-year high of $48.67. The stock has a market capitalization of $1.00 billion, a P/E ratio of 60.38 and a beta of 0.71. The company’s 50 day moving average price is $41.81 and its 200-day moving average price is $41.93.
CEVA (NASDAQ:CEVA) last announced its earnings results on Thursday, August 3rd. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $20.57 million for the quarter, compared to analyst estimates of $19.66 million. CEVA had a return on equity of 8.24% and a net margin of 20.52%. The firm’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.21 earnings per share. Equities analysts predict that CEVA will post $1.13 EPS for the current year.
Several institutional investors have recently bought and sold shares of CEVA. Wells Fargo & Company MN increased its position in shares of CEVA by 3.4% during the first quarter. Wells Fargo & Company MN now owns 20,052 shares of the semiconductor company’s stock worth $711,000 after acquiring an additional 668 shares during the period. Great West Life Assurance Co. Can increased its position in shares of CEVA by 4.0% during the first quarter. Great West Life Assurance Co. Can now owns 28,154 shares of the semiconductor company’s stock worth $998,000 after acquiring an additional 1,094 shares during the period. First Trust Advisors LP increased its position in shares of CEVA by 4.1% during the first quarter. First Trust Advisors LP now owns 6,539 shares of the semiconductor company’s stock worth $232,000 after acquiring an additional 258 shares during the period. Comerica Bank increased its position in shares of CEVA by 4.3% during the first quarter. Comerica Bank now owns 23,440 shares of the semiconductor company’s stock worth $860,000 after acquiring an additional 967 shares during the period. Finally, UBS Asset Management Americas Inc. purchased a new stake in shares of CEVA during the first quarter worth $220,000. 86.72% of the stock is currently owned by institutional investors and hedge funds.
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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