Northland Securities Boosts CEVA (NASDAQ:CEVA) Price Target to $35.00

CEVA (NASDAQ:CEVA) had its target price increased by Northland Securities from $31.00 to $35.00 in a report released on Monday morning,Benzinga reports. Northland Securities currently has an outperform rating on the semiconductor company’s stock.

A number of other research analysts have also recently issued reports on CEVA. Roth Mkm lifted their price objective on shares of CEVA from $25.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 8th. Rosenblatt Securities upped their target price on shares of CEVA from $28.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, StockNews.com lowered CEVA from a “buy” rating to a “hold” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, CEVA currently has a consensus rating of “Moderate Buy” and an average target price of $34.20.

CEVA Stock Up 1.4 %

Shares of NASDAQ:CEVA opened at $32.27 on Monday. The stock’s 50 day moving average is $28.18 and its 200-day moving average is $23.99. CEVA has a twelve month low of $16.02 and a twelve month high of $33.44. The firm has a market capitalization of $762.44 million, a price-to-earnings ratio of -230.48 and a beta of 1.27.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC increased its stake in CEVA by 206.2% in the 3rd quarter. Jane Street Group LLC now owns 137,061 shares of the semiconductor company’s stock valued at $3,310,000 after buying an additional 92,295 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of CEVA by 8.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 222,962 shares of the semiconductor company’s stock valued at $5,385,000 after acquiring an additional 16,463 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of CEVA by 97.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 211,771 shares of the semiconductor company’s stock valued at $5,114,000 after acquiring an additional 104,453 shares during the last quarter. Stifel Financial Corp lifted its holdings in CEVA by 31.7% during the third quarter. Stifel Financial Corp now owns 117,497 shares of the semiconductor company’s stock worth $2,838,000 after acquiring an additional 28,248 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in CEVA in the third quarter worth $263,000. 85.37% of the stock is currently owned by hedge funds and other institutional investors.

CEVA Company Profile

CEVA, Inc provides silicon and software IP solutions to semiconductor and original equipment manufacturer (OEM) companies worldwide. Its 5G mobile and infrastructure products include Ceva-XC vector digital signal processors (DSPs) for 5G handsets, 5G RAN, and general-purpose baseband processing; PentaG-RAN, an open ran platform for base station and radio; and PentaG2 – 5G NR modem platform for UE, as well as for non-handset 5G vertical markets, such as fixed wireless access, industry 4.0, robotics, and AR/VR devices.