Stifel Nicolaus Initiates Coverage on Ceva (NASDAQ:CEVA)

Investment analysts at Stifel Nicolaus initiated coverage on shares of Ceva (NASDAQ:CEVA) in a research report issued to clients and investors on Tuesday, Marketbeat reports. The brokerage set a “buy” rating and a $30.00 price target on the semiconductor company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 26.69% from the company’s current price.

A number of other equities research analysts have also issued reports on CEVA. Barclays upped their price target on Ceva from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, November 12th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $40.00 price target on shares of Ceva in a research note on Tuesday, November 11th. Loop Capital assumed coverage on Ceva in a research report on Monday, December 1st. They set a “buy” rating and a $28.00 price objective for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Ceva in a report on Friday, January 9th. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.20.

Ceva Price Performance

NASDAQ:CEVA opened at $23.68 on Tuesday. The company’s fifty day moving average price is $22.28 and its 200-day moving average price is $23.71. Ceva has a 1-year low of $18.23 and a 1-year high of $38.94. The firm has a market capitalization of $568.75 million, a P/E ratio of -51.48 and a beta of 1.50.

Ceva (NASDAQ:CEVA) last released its quarterly earnings data on Monday, November 10th. The semiconductor company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $28.38 million during the quarter, compared to analyst estimates of $28.04 million. Ceva had a negative return on equity of 3.54% and a negative net margin of 10.49%.The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $0.14 EPS. Equities analysts anticipate that Ceva will post -0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Ceva

Several institutional investors have recently modified their holdings of the business. ProShare Advisors LLC increased its position in shares of Ceva by 5.1% during the second quarter. ProShare Advisors LLC now owns 9,853 shares of the semiconductor company’s stock worth $217,000 after acquiring an additional 479 shares during the period. Centaurus Financial Inc. grew its stake in Ceva by 2.6% during the 3rd quarter. Centaurus Financial Inc. now owns 21,905 shares of the semiconductor company’s stock worth $579,000 after purchasing an additional 550 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Ceva by 77.6% during the 4th quarter. Hantz Financial Services Inc. now owns 1,446 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 632 shares during the period. Sanctuary Advisors LLC raised its position in Ceva by 7.1% in the 4th quarter. Sanctuary Advisors LLC now owns 10,230 shares of the semiconductor company’s stock valued at $220,000 after purchasing an additional 674 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Ceva by 4.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,465 shares of the semiconductor company’s stock valued at $514,000 after buying an additional 775 shares during the period. Institutional investors and hedge funds own 85.37% of the company’s stock.

Key Stories Impacting Ceva

Here are the key news stories impacting Ceva this week:

• Positive Sentiment: Stifel Nicolaus initiated coverage with a “Buy” and a $30 price target (roughly mid‑20% upside to current levels), which can attract momentum buying and investor attention. CEVA initiated with bullish view at Stifel
• Positive Sentiment: Design win: Ceva’s Wi‑Fi 6 and Bluetooth connectivity IPs were selected by Renesas for its first combo MCUs aimed at IoT and connected‑home products — a commercial validation that can drive license and royalty revenue as Renesas integrates the IPs into volume MCUs. Ceva Wi-Fi 6 and Bluetooth IPs Power Renesas’ First Combo MCUs for IoT and Connected Home
• Neutral Sentiment: Corporate changes: Ceva announced leadership changes; impacts depend on details of roles and execution but these are typically mixed short term. CEVA ANNOUNCES LEADERSHIP CHANGES
• Neutral Sentiment: Regional strategy: Ceva moved its Asia‑Pacific headquarters to Shanghai — a strategic realignment that could improve access to Asian customers but carries execution and geopolitical considerations. Ceva moves Asia-Pacific headquarters to Shanghai
• Neutral Sentiment: Short‑interest report appears to be a data artifact (reports show zero shares and NaN changes, days‑to‑cover = 0.0). That makes the short‑interest signal unreliable for market interpretation right now. (No article link available.)

Ceva Company Profile

Ceva, Inc (NASDAQ: CEVA) is a leading licensor of signal processing IP cores and platforms that enable intelligent, connected devices. The company designs a broad portfolio of digital signal processing (DSP) and AI processors, software development toolkits and reference frameworks for applications ranging from 5G wireless communications and Bluetooth connectivity to audio, computer vision, sensor fusion and edge AI. Its solutions target a variety of end markets including smartphones, automotive, IoT devices, smart home, industrial automation and wearable electronics.

Founded in 1999 as a spin-off from DSP Group, Ceva has built its reputation on delivering modular, power-efficient IP that can be customized to meet stringent performance, area and power requirements.