Ceva (NASDAQ:CEVA) Price Target Raised to $50.00 at Stifel Nicolaus

Ceva (NASDAQ:CEVA) had its price target increased by Stifel Nicolaus from $42.00 to $50.00 in a research note released on Friday, MarketBeat reports. They currently have a buy rating on the semiconductor company’s stock.

CEVA has been the topic of several other reports. TD Cowen increased their target price on Ceva from $24.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Roth Capital reaffirmed a “buy” rating and set a $40.00 price target on shares of Ceva in a report on Monday, May 11th. Oppenheimer increased their price objective on Ceva from $30.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ceva in a report on Monday. Finally, Needham & Company LLC assumed coverage on Ceva in a research report on Monday, June 15th. They issued a “buy” rating and a $55.00 target price for the company. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Ceva has a consensus rating of “Moderate Buy” and an average price target of $41.80.

Ceva Trading Down 2.7%

NASDAQ:CEVA traded down $1.27 on Friday, reaching $45.54. 959,264 shares of the stock traded hands, compared to its average volume of 713,783. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -101.20 and a beta of 1.96. Ceva has a 12 month low of $17.02 and a 12 month high of $51.60. The company’s fifty day simple moving average is $42.23 and its 200 day simple moving average is $28.73.

Ceva (NASDAQ:CEVA) last issued its earnings results on Monday, May 11th. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. Ceva had a negative net margin of 10.47% and a negative return on equity of 3.42%. The firm had revenue of $27.02 million for the quarter, compared to the consensus estimate of $26.12 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. The business’s revenue was up 11.6% on a year-over-year basis. Equities analysts anticipate that Ceva will post -0.21 EPS for the current fiscal year.

Institutional Trading of Ceva

Large investors have recently modified their holdings of the company. Hantz Financial Services Inc. increased its position in Ceva by 77.6% during the fourth quarter. Hantz Financial Services Inc. now owns 1,446 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 632 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Ceva by 771.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,380 shares of the semiconductor company’s stock valued at $63,000 after purchasing an additional 2,107 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Ceva by 422.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,731 shares of the semiconductor company’s stock worth $60,000 after purchasing an additional 2,208 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Ceva by 47.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,758 shares of the semiconductor company’s stock worth $145,000 after buying an additional 2,172 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Ceva by 52.7% in the third quarter. BNP Paribas Financial Markets now owns 7,907 shares of the semiconductor company’s stock worth $209,000 after buying an additional 2,730 shares during the last quarter. Institutional investors own 85.37% of the company’s stock.

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.