Shares of CEVA, Inc. (NASDAQ:CEVA) have been assigned a consensus rating of “Hold” from the twelve research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $38.67.
CEVA has been the subject of several research reports. Zacks Investment Research lowered CEVA from a “hold” rating to a “sell” rating in a report on Friday, August 10th. BidaskClub upgraded CEVA from a “sell” rating to a “hold” rating in a report on Saturday, August 11th. Barclays reduced their price target on CEVA from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, August 8th. Canaccord Genuity lifted their price target on CEVA from $36.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, October 16th. Finally, Roth Capital reduced their price target on CEVA from $44.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, August 8th.
Shares of CEVA stock opened at $23.41 on Tuesday. The stock has a market cap of $520.82 million, a PE ratio of 29.26, a PEG ratio of 16.89 and a beta of 1.12. CEVA has a 52-week low of $23.01 and a 52-week high of $51.80.
In related news, Director Maria Marced sold 2,770 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $29.50, for a total value of $81,715.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in CEVA by 8.6% in the 2nd quarter. BlackRock Inc. now owns 3,122,455 shares of the semiconductor company’s stock worth $94,298,000 after purchasing an additional 246,611 shares during the last quarter. Rice Hall James & Associates LLC increased its position in CEVA by 16.3% in the 3rd quarter. Rice Hall James & Associates LLC now owns 748,771 shares of the semiconductor company’s stock worth $21,527,000 after buying an additional 104,768 shares during the period. Dimensional Fund Advisors LP increased its position in CEVA by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 638,973 shares of the semiconductor company’s stock worth $19,297,000 after buying an additional 5,082 shares during the period. Bank of New York Mellon Corp increased its position in CEVA by 2.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 467,686 shares of the semiconductor company’s stock worth $14,123,000 after buying an additional 12,657 shares during the period. Finally, Senvest Management LLC increased its position in CEVA by 5.7% in the 2nd quarter. Senvest Management LLC now owns 460,101 shares of the semiconductor company’s stock worth $13,895,000 after buying an additional 24,700 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.
CEVA Company Profile
CEVA, Inc licenses signal processing platforms and artificial intelligence processors for semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, industrial, and Internet-of Things (IoT) markets worldwide. The company licenses a family of programmable digital signal processor (DSP) cores and application-specific platforms for imaging, computer vision, deep learning, sound, voice, and audio processing; and long range wireless technologies for LTE/5G baseband processing in IoT, handsets, and infrastructure, as well as short range wireless platforms for Wi-Fi and Bluetooth.
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