Oppenheimer Cuts Ceva (NASDAQ:CEVA) Price Target to $38.00

Ceva (NASDAQ:CEVA) had its price target trimmed by Oppenheimer from $42.00 to $38.00 in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The firm currently has an outperform rating on the semiconductor company’s stock.

A number of other analysts have also recently weighed in on the stock. Benchmark assumed coverage on shares of Ceva in a report on Wednesday, July 15th. They issued a “hold” rating on the stock. TD Cowen raised their target price on shares of Ceva from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Stifel Nicolaus upped their price target on Ceva from $42.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. UBS Group boosted their target price on Ceva from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, Needham & Company LLC decreased their price target on Ceva from $55.00 to $43.00 and set a “buy” rating for the company in a research note on Monday. Nine analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.60.

Ceva Trading Down 0.2%

Shares of NASDAQ:CEVA opened at $30.37 on Tuesday. Ceva has a 12-month low of $17.02 and a 12-month high of $51.60. The business’s fifty day simple moving average is $40.62 and its 200-day simple moving average is $31.03. The company has a market capitalization of $854.92 million, a PE ratio of -75.92 and a beta of 1.99.

Ceva (NASDAQ:CEVA) last issued its quarterly earnings data on Monday, August 10th. The semiconductor company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. Ceva had a negative return on equity of 3.22% and a negative net margin of 9.48%.The firm had revenue of $29.03 million during the quarter, compared to analysts’ expectations of $28.19 million. During the same period in the prior year, the business posted $0.07 EPS. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. Research analysts predict that Ceva will post -0.21 EPS for the current year.

Institutional Investors Weigh In On Ceva

A number of large investors have recently made changes to their positions in CEVA. BlackRock Inc. acquired a new position in shares of Ceva in the 2nd quarter valued at $113,995,000. Deutsche Bank AG purchased a new stake in Ceva during the 2nd quarter valued at about $33,941,000. Millennium Management LLC increased its holdings in shares of Ceva by 2,735.2% in the fourth quarter. Millennium Management LLC now owns 595,599 shares of the semiconductor company’s stock valued at $12,817,000 after purchasing an additional 574,592 shares during the period. Defiance ETFs LLC purchased a new position in shares of Ceva in the fourth quarter worth about $10,420,000. Finally, Oaktop Capital Management II L.P. acquired a new stake in shares of Ceva during the second quarter worth about $21,051,000. 85.37% of the stock is owned by hedge funds and other institutional investors.

More Ceva News

Here are the key news stories impacting Ceva this week:

• Positive Sentiment: Ceva exceeded second-quarter expectations, reporting $29.03 million in revenue versus a $28.19 million consensus estimate and $0.08 in EPS versus $0.07 expected. Revenue increased approximately 13% year over year, supported by stronger edge-AI technology licensing. Ceva tops Q2 targets on edge AI tech licensing
• Positive Sentiment: Management’s 2026 revenue outlook calls for 13%–15% growth as platform-level licensing expands. Licensing revenue rose 21%, while device shipments increased 18%, potentially supporting future royalty growth. CEVA projects 2026 revenue growth of 13%–15%
• Positive Sentiment: Rosenblatt Securities reportedly forecasts significant appreciation for CEVA stock, providing a counterpoint to more cautious analyst commentary. Rosenblatt Securities Forecasts Strong Price Appreciation
• Neutral Sentiment: Analyst opinion is divided: Needham lowered its price target to $43, while Oppenheimer issued a pessimistic forecast. The conflicting recommendations are likely contributing to volatility. Needham Cuts Ceva Price Target
• Negative Sentiment: Investors remain concerned that product mix could pressure margins and that a 17% increase in shares outstanding diluted EPS, despite higher non-GAAP net income. The stock’s valuation may also appear elevated relative to current profitability. CEVA: Growth Is Picking Up, But The Shares Are Still Relatively Expensive
• Negative Sentiment: Ceva, Inc. should be distinguished from Ceva Logistics, which suffered a cyberattack affecting shipments and customer communications. The incident does not appear to involve the semiconductor company, but similarly named headlines may create temporary confusion. Ceva Logistics Operations Disrupted by Cyberattack

About Ceva

Ceva, Inc (NASDAQ: CEVA) is a leading licensor of signal processing IP cores and platforms that enable intelligent, connected devices. The company designs a broad portfolio of digital signal processing (DSP) and AI processors, software development toolkits and reference frameworks for applications ranging from 5G wireless communications and Bluetooth connectivity to audio, computer vision, sensor fusion and edge AI. Its solutions target a variety of end markets including smartphones, automotive, IoT devices, smart home, industrial automation and wearable electronics.

Founded in 1999 as a spin-off from DSP Group, Ceva has built its reputation on delivering modular, power-efficient IP that can be customized to meet stringent performance, area and power requirements.