Equities research analysts expect CEVA, Inc. (NASDAQ:CEVA) to post sales of $21.02 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for CEVA’s earnings. The lowest sales estimate is $21.00 million and the highest is $21.04 million. CEVA reported sales of $21.20 million during the same quarter last year, which indicates a negative year-over-year growth rate of 0.8%. The firm is expected to issue its next quarterly earnings results on Wednesday, February 7th.

On average, analysts expect that CEVA will report full year sales of $21.02 million for the current financial year, with estimates ranging from $86.90 million to $86.94 million. For the next year, analysts expect that the company will post sales of $97.22 million per share, with estimates ranging from $92.50 million to $100.83 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover CEVA.

CEVA (NASDAQ:CEVA) last posted its earnings results on Wednesday, November 1st. The semiconductor company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.08. The firm had revenue of $24.00 million for the quarter, compared to the consensus estimate of $21.56 million. CEVA had a net margin of 21.89% and a return on equity of 9.02%. The business’s quarterly revenue was up 34.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 earnings per share.

Several equities research analysts have recently issued reports on CEVA shares. Canaccord Genuity raised their price target 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 downgraded CEVA from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. BidaskClub downgraded CEVA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Finally, Roth Capital lifted their target price on CEVA from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $46.71.

Shares of CEVA (CEVA) traded up $0.05 during trading hours on Tuesday, hitting $47.60. The stock had a trading volume of 175,300 shares, compared to its average volume of 164,448. The firm has a market capitalization of $1,050.00, a P/E ratio of 52.83, a P/E/G ratio of 3.09 and a beta of 0.77. CEVA has a 12 month low of $29.00 and a 12 month high of $49.50.

In other CEVA news, Director Eliyahu Ayalon sold 9,215 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $46.00, for a total transaction of $423,890.00. Following the completion of the transaction, the director now owns 11,586 shares in the company, valued at $532,956. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.90% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in CEVA. UBS Asset Management Americas Inc. bought a new position in shares of CEVA in the first quarter valued at approximately $220,000. Teachers Advisors LLC raised its stake in shares of CEVA by 723.5% in the first quarter. Teachers Advisors LLC now owns 313,466 shares of the semiconductor company’s stock valued at $11,128,000 after acquiring an additional 275,403 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of CEVA by 1.2% in the first quarter. California Public Employees Retirement System now owns 58,100 shares of the semiconductor company’s stock valued at $2,063,000 after acquiring an additional 700 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of CEVA by 5.1% in the first quarter. Vanguard Group Inc. now owns 1,930,411 shares of the semiconductor company’s stock valued at $68,530,000 after acquiring an additional 94,517 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of CEVA by 8.2% in the first quarter. Geode Capital Management LLC now owns 175,196 shares of the semiconductor company’s stock valued at $6,219,000 after acquiring an additional 13,259 shares during the last quarter. Hedge funds and other institutional investors own 87.81% of the company’s stock.

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CEVA Company Profile

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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