CEVA, Inc. (CEVA) Given Consensus Rating of “Buy” by Brokerages
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.
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.
COPYRIGHT VIOLATION WARNING: This news story was first reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/01/ceva-inc-ceva-given-consensus-rating-of-buy-by-brokerages.html.
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.