CEVA, Inc. (CEVA) Given Consensus Rating of “Hold” by Analysts
CEVA, Inc. (NASDAQ:CEVA) has been assigned an average recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $48.60.
CEVA has been the subject of a number of research reports. Zacks Investment Research cut CEVA from a “hold” rating to a “strong sell” rating in a research note on Friday, January 26th. UBS Group cut shares of CEVA from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 24th. BidaskClub cut shares of CEVA from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. Oppenheimer cut shares of CEVA from an “outperform” rating to a “hold” rating in a research note on Wednesday, January 24th. They noted that the move was a valuation call. Finally, Canaccord Genuity raised their price target on shares of CEVA from $53.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st.
In other news, EVP Issachar Ohana sold 1,965 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $50.10, for a total value of $98,446.50. Following the completion of the sale, the executive vice president now owns 28,289 shares of the company’s stock, valued at approximately $1,417,278.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sven Christer Nilsson sold 27,285 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $47.50, for a total value of $1,296,037.50. Following the completion of the sale, the director now directly owns 28,282 shares of the company’s stock, valued at approximately $1,343,395. The disclosure for this sale can be found here. Insiders have sold a total of 58,467 shares of company stock valued at $2,834,039 over the last ninety days. Company insiders own 3.90% of the company’s stock.
Shares of CEVA (CEVA) opened at $35.65 on Wednesday. CEVA has a 52 week low of $32.80 and a 52 week high of $51.80. The stock has a market capitalization of $786.70, a P/E ratio of 46.91, a P/E/G ratio of 2.82 and a beta of 0.72.
CEVA (NASDAQ:CEVA) last posted its earnings results on Tuesday, February 6th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. CEVA had a return on equity of 7.82% and a net margin of 19.46%. The business had revenue of $21.60 million during the quarter, compared to analysts’ expectations of $21.17 million. During the same period in the prior year, the business earned $0.32 EPS. CEVA’s revenue for the quarter was up 1.9% compared to the same quarter last year. equities analysts anticipate that CEVA will post 0.63 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: “CEVA, Inc. (CEVA) Given Consensus Rating of “Hold” by Analysts” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://www.thecerbatgem.com/2018/02/14/ceva-inc-ceva-given-consensus-rating-of-hold-by-analysts.html.
CEVA Company Profile
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).
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.