Analysts expect that CEVA, Inc. (NASDAQ:CEVA) will post sales of $19.17 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for CEVA’s earnings, with estimates ranging from $18.00 million to $20.35 million. CEVA reported sales of $21.29 million during the same quarter last year, which would indicate a negative year over year growth rate of 10%. The firm is scheduled to announce its next quarterly earnings report on Thursday, May 3rd.
On average, analysts expect that CEVA will report full-year sales of $19.17 million for the current year, with estimates ranging from $92.00 million to $92.13 million. For the next fiscal year, analysts forecast that the company will post sales of $101.95 million per share, with estimates ranging from $101.60 million to $102.31 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow CEVA.
CEVA (NASDAQ:CEVA) last posted its earnings results on Tuesday, February 6th. The semiconductor company reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. The company had revenue of $21.60 million during the quarter, compared to analyst estimates of $21.17 million. CEVA had a return on equity of 7.82% and a net margin of 19.46%. CEVA’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share.
In other news, CEO Gideon Wertheizer sold 20,603 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $49.28, for a total transaction of $1,015,315.84. Following the completion of the sale, the chief executive officer now owns 82,497 shares in the company, valued at approximately $4,065,452.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Issachar Ohana sold 1,965 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $50.10, for a total value of $98,446.50. Following the sale, the executive vice president now owns 28,289 shares of the company’s stock, valued at approximately $1,417,278.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,467 shares of company stock valued at $2,834,039. Company insiders own 3.90% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of CEVA by 2.7% during the 4th quarter. BlackRock Inc. now owns 2,793,672 shares of the semiconductor company’s stock valued at $128,927,000 after purchasing an additional 74,613 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of CEVA by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,983,620 shares of the semiconductor company’s stock valued at $90,155,000 after purchasing an additional 53,209 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of CEVA by 61.0% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,334,384 shares of the semiconductor company’s stock valued at $60,648,000 after purchasing an additional 505,443 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of CEVA by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 617,663 shares of the semiconductor company’s stock valued at $26,436,000 after acquiring an additional 13,633 shares during the period. Finally, Ranger Investment Management L.P. increased its position in shares of CEVA by 7.7% in the 4th quarter. Ranger Investment Management L.P. now owns 602,256 shares of the semiconductor company’s stock valued at $27,794,000 after acquiring an additional 42,812 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.
Shares of CEVA (NASDAQ CEVA) opened at $35.60 on Thursday. The firm has a market capitalization of $783.41, a price-to-earnings ratio of 44.56, a price-to-earnings-growth ratio of 2.81 and a beta of 0.72. CEVA has a twelve month low of $32.80 and a twelve month high of $51.80.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CEVA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CEVA and related companies with MarketBeat.com's FREE daily email newsletter.