CEVA, Inc. (NASDAQ:CEVA) has received an average recommendation of “Buy” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $46.50.

Several research analysts have commented on the company. Zacks Investment Research lowered CEVA from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Canaccord Genuity lifted their target price on CEVA from $53.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, BidaskClub lowered CEVA from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th.

Shares of CEVA (CEVA) traded down $0.75 during trading hours on Friday, reaching $47.50. The company’s stock had a trading volume of 162,900 shares, compared to its average volume of 166,894. The firm has a market cap of $1,107.54, a PE ratio of 56.00, a PEG ratio of 3.27 and a beta of 0.77. CEVA has a 52-week low of $29.00 and a 52-week high of $51.80.

CEVA (NASDAQ:CEVA) last announced its earnings results on Wednesday, November 1st. The semiconductor company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. The firm had revenue of $24.00 million for the quarter, compared to analysts’ expectations of $21.56 million. CEVA had a return on equity of 9.02% and a net margin of 21.89%. CEVA’s quarterly revenue was up 34.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 EPS. equities research analysts anticipate that CEVA will post 0.77 EPS for the current fiscal year.

In other CEVA news, EVP Issachar Ohana sold 1,965 shares of CEVA stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $50.10, for a total value of $98,446.50. Following the completion of the transaction, the executive vice president now directly owns 28,289 shares in the company, valued at $1,417,278.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gideon Wertheizer sold 20,603 shares of CEVA stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $49.28, for a total value of $1,015,315.84. Following the completion of the transaction, the chief executive officer now owns 82,497 shares of the company’s stock, valued at $4,065,452.16. The disclosure for this sale can be found here. Insiders sold 67,682 shares of company stock valued at $3,257,929 over the last quarter. Insiders own 3.90% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CEVA. BlackRock Inc. grew its position in CEVA by 2.4% during the 2nd quarter. BlackRock Inc. now owns 2,591,984 shares of the semiconductor company’s stock worth $117,806,000 after purchasing an additional 59,642 shares in the last quarter. Vanguard Group Inc. increased its stake in CEVA by 2.8% in the second quarter. Vanguard Group Inc. now owns 1,983,620 shares of the semiconductor company’s stock valued at $90,155,000 after acquiring an additional 53,209 shares during the period. Lord Abbett & CO. LLC increased its stake in CEVA by 61.0% in the second quarter. Lord Abbett & CO. LLC now owns 1,334,384 shares of the semiconductor company’s stock valued at $60,648,000 after acquiring an additional 505,443 shares during the period. Oaktop Capital Management II L.P. bought a new stake in CEVA in the second quarter valued at about $33,807,000. Finally, Disciplined Growth Investors Inc. MN increased its stake in CEVA by 3.8% in the second quarter. Disciplined Growth Investors Inc. MN now owns 640,978 shares of the semiconductor company’s stock valued at $29,132,000 after acquiring an additional 23,564 shares during the period. 86.53% of the stock is currently owned by institutional investors.

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About CEVA

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).

Analyst Recommendations for CEVA (NASDAQ:CEVA)

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