CEVA (CEVA) Set to Announce Earnings on Tuesday

CEVA (NASDAQ:CEVA) will be posting its quarterly earnings results before the market opens on Tuesday, January 30th.

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. CEVA had a return on equity of 9.02% and a net margin of 21.89%. The business had revenue of $24.00 million during the quarter, compared to analysts’ expectations of $21.56 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The business’s revenue was up 34.1% compared to the same quarter last year. On average, analysts expect CEVA to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CEVA (NASDAQ CEVA) opened at $48.30 on Tuesday. The company has a market capitalization of $1,064.69, a P/E ratio of 56.16, a price-to-earnings-growth ratio of 2.38 and a beta of 0.75. CEVA has a fifty-two week low of $32.25 and a fifty-two week high of $51.80.

CEVA has been the subject of a number of analyst reports. Canaccord Genuity restated a “buy” rating and issued a $53.00 price target (down from $54.00) on shares of CEVA in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded CEVA from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $47.83.

In other news, Director Sven Christer Nilsson sold 27,285 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $47.50, for a total value of $1,296,037.50. Following the completion of the sale, the director now directly owns 28,282 shares in the company, valued at $1,343,395. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Yaniv Arieli sold 8,614 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $49.25, for a total value of $424,239.50. Following the completion of the sale, the chief financial officer now owns 40,372 shares of the company’s stock, valued at $1,988,321. 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 90 days. Company insiders own 3.90% 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).

Earnings History for CEVA (NASDAQ:CEVA)

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