Q1 2018 Earnings Forecast for CEVA, Inc. Issued By Oppenheimer (CEVA)

CEVA, Inc. (NASDAQ:CEVA) – Oppenheimer issued their Q1 2018 earnings per share (EPS) estimates for CEVA in a research note issued on Wednesday. Oppenheimer analyst A. Uerkwitz expects that the semiconductor company will earn $0.08 per share for the quarter. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for CEVA’s Q4 2018 earnings at $0.27 EPS, FY2018 earnings at $0.65 EPS and FY2019 earnings at $0.94 EPS.

CEVA (NASDAQ:CEVA) last announced its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.25 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The firm had revenue of $21.60 million for the quarter, compared to the consensus estimate of $21.17 million. CEVA had a net margin of 19.46% and a return on equity of 7.82%. The company’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm earned $0.32 EPS.

Several other brokerages also recently commented on CEVA. UBS Group downgraded shares of CEVA from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 24th. Canaccord Genuity raised their price objective on shares of CEVA from $53.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Zacks Investment Research downgraded shares of CEVA from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. BidaskClub downgraded shares of CEVA from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. Finally, Barclays decreased their price objective on shares of CEVA from $54.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. CEVA presently has a consensus rating of “Hold” and an average target price of $47.57.

Shares of CEVA (NASDAQ:CEVA) opened at $36.43 on Monday. The company has a market cap of $800.44, a price-to-earnings ratio of 47.93, a PEG ratio of 2.11 and a beta of 0.72. CEVA has a 52-week low of $32.80 and a 52-week high of $51.80.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. grew its stake in CEVA by 8.1% during the second quarter. UBS Asset Management Americas Inc. now owns 6,699 shares of the semiconductor company’s stock valued at $304,000 after acquiring an additional 500 shares in the last quarter. Voya Investment Management LLC grew its stake in CEVA by 6.8% during the second quarter. Voya Investment Management LLC now owns 10,891 shares of the semiconductor company’s stock valued at $495,000 after acquiring an additional 698 shares in the last quarter. Nationwide Fund Advisors grew its stake in CEVA by 7.4% during the second quarter. Nationwide Fund Advisors now owns 12,246 shares of the semiconductor company’s stock valued at $557,000 after acquiring an additional 847 shares in the last quarter. Thrivent Financial For Lutherans grew its stake in CEVA by 9.3% during the second quarter. Thrivent Financial For Lutherans now owns 13,090 shares of the semiconductor company’s stock valued at $595,000 after acquiring an additional 1,110 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in CEVA by 2.9% during the third quarter. Legal & General Group Plc now owns 39,918 shares of the semiconductor company’s stock valued at $1,708,000 after acquiring an additional 1,130 shares in the last quarter. 86.73% of the stock is owned by institutional investors.

In related news, CEO Gideon Wertheizer sold 20,603 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $49.28, for a total transaction of $1,015,315.84. Following the completion of the transaction, the chief executive officer now directly owns 82,497 shares of the company’s stock, valued at $4,065,452.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Issachar Ohana sold 1,965 shares of the firm’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $50.10, for a total transaction of $98,446.50. Following the transaction, the executive vice president now directly owns 28,289 shares of the company’s stock, valued at $1,417,278.90. The disclosure for this sale can be found here. Insiders have sold 58,467 shares of company stock valued at $2,834,039 over the last ninety days. 3.90% of the stock is currently owned by corporate insiders.

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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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