ValuEngine upgraded shares of CEVA (NASDAQ:CEVA) from a hold rating to a buy rating in a research note issued to investors on Wednesday, ValuEngine reports.

Several other analysts have also weighed in on CEVA. BidaskClub lowered CEVA from a sell rating to a strong sell rating in a report on Thursday, November 7th. Zacks Investment Research raised CEVA from a hold rating to a buy rating and set a $32.00 target price on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $31.40.

CEVA stock traded up $0.44 during trading hours on Wednesday, hitting $28.76. The stock had a trading volume of 2,250 shares, compared to its average volume of 82,815. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.80 and a quick ratio of 6.80. The stock has a market capitalization of $634.94 million, a price-to-earnings ratio of 261.91 and a beta of 1.46. CEVA has a 1-year low of $21.69 and a 1-year high of $33.16. The stock’s fifty day moving average is $26.95 and its two-hundred day moving average is $28.12.

CEVA (NASDAQ:CEVA) last posted its earnings results on Thursday, November 7th. The semiconductor company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.19. The company had revenue of $23.50 million for the quarter, compared to analyst estimates of $22.72 million. CEVA had a positive return on equity of 0.94% and a negative net margin of 0.91%. CEVA’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.23 earnings per share. As a group, sell-side analysts anticipate that CEVA will post 0.02 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. US Bancorp DE boosted its stake in shares of CEVA by 976.6% during the second quarter. US Bancorp DE now owns 1,658 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 1,504 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of CEVA by 324.6% during the second quarter. Bank of Montreal Can now owns 2,412 shares of the semiconductor company’s stock valued at $58,000 after acquiring an additional 1,844 shares during the last quarter. Meadow Creek Investment Management LLC boosted its stake in shares of CEVA by 10.4% during the second quarter. Meadow Creek Investment Management LLC now owns 6,216 shares of the semiconductor company’s stock valued at $151,000 after acquiring an additional 588 shares during the last quarter. Strs Ohio acquired a new stake in shares of CEVA during the third quarter valued at $185,000. Finally, Paloma Partners Management Co acquired a new stake in shares of CEVA during the second quarter valued at $277,000. 82.75% of the stock is currently owned by institutional investors.

About CEVA

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.

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Analyst Recommendations for CEVA (NASDAQ:CEVA)

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