A number of other research analysts have also commented on CEVA. Canaccord Genuity raised their price target on CEVA from $30.00 to $35.00 and gave the company a buy rating in a report on Friday, August 9th. Cowen reaffirmed an outperform rating and set a $35.00 target price (up from $29.00) on shares of CEVA in a report on Friday, August 9th. Northland Securities reaffirmed a hold rating and set a $28.00 target price on shares of CEVA in a report on Thursday, August 8th. Barclays set a $27.00 target price on CEVA and gave the stock a hold rating in a report on Friday, August 9th. Finally, ValuEngine raised CEVA from a buy rating to a strong-buy rating in a report on Tuesday, August 6th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $32.20.
Shares of CEVA opened at $32.14 on Friday. The firm has a market capitalization of $705.96 million, a price-to-earnings ratio of 292.18 and a beta of 1.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.01 and a current ratio of 8.46. CEVA has a one year low of $20.40 and a one year high of $32.40. The stock’s fifty day moving average is $27.32 and its 200-day moving average is $26.30.
Large investors have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC grew its holdings in CEVA by 70.4% during the first quarter. Penserra Capital Management LLC now owns 3,000 shares of the semiconductor company’s stock worth $80,000 after acquiring an additional 1,239 shares during the period. Deutsche Bank AG grew its holdings in CEVA by 90.3% during the fourth quarter. Deutsche Bank AG now owns 88,504 shares of the semiconductor company’s stock worth $1,953,000 after acquiring an additional 41,993 shares during the period. Tygh Capital Management Inc. acquired a new position in CEVA during the first quarter worth about $1,627,000. Millennium Management LLC increased its stake in CEVA by 1,606.6% in the 4th quarter. Millennium Management LLC now owns 119,152 shares of the semiconductor company’s stock worth $2,632,000 after purchasing an additional 112,170 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. increased its stake in CEVA by 12.5% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 337,199 shares of the semiconductor company’s stock worth $8,175,000 after purchasing an additional 37,415 shares in the last quarter. 83.02% of the stock is currently owned by hedge funds and other institutional investors.
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 signal processing intellectual properties (IPs), including platforms for 5G baseband processing in handsets and base station RAN; integrated cellular IoT solutions; digital signal processor (DSP) platforms incorporating voice input algorithms and software for voice enabled devices; and DSP platforms for advanced imaging and computer vision in various camera-enabled devices, as well as a family of self-contained artificial intelligent (AI) processors that address a range of edge applications.
Recommended Story: What is quantitative easing?
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.