Ceva (NASDAQ:CEVA) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Ceva (NASDAQ:CEVA) from a buy rating to a hold rating in a report issued on Sunday morning,Wall Street Zen reports.

A number of other equities research analysts have also recently weighed in on CEVA. Oppenheimer dropped their price target on shares of Ceva from $42.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, August 11th. Benchmark upgraded shares of Ceva from a “hold” rating to a “strong-buy” rating in a report on Monday, September 14th. TD Cowen lowered their price objective on shares of Ceva from $45.00 to $35.00 and set a “buy” rating for the company in a research report on Monday, October 19th. UBS Group lowered their price objective on shares of Ceva from $48.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, November 2nd. Finally, Needham & Company LLC dropped their target price on shares of Ceva from $55.00 to $43.00 and set a “buy” rating for the company in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ceva has an average rating of “Moderate Buy” and a consensus price target of $36.20.

Ceva Trading Down 1.6%

NASDAQ CEVA opened at $24.45 on Friday. The stock has a fifty day simple moving average of $30.39 and a 200-day simple moving average of $30.61. Ceva has a twelve month low of $17.02 and a twelve month high of $51.60.

Ceva (NASDAQ:CEVA) last issued its quarterly earnings data on Monday, November 9th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.06). Ceva had a negative net margin of 9.25% and a negative return on equity of 2.70%. The company had revenue of $29.06 million during the quarter, compared to analysts’ expectations of $32.71 million. During the same quarter last year, the firm posted $0.11 earnings per share. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, equities research analysts expect that Ceva will post -0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CEVA. Sterling Capital Management LLC raised its position in Ceva by 492.6% in the 3rd quarter. Sterling Capital Management LLC now owns 877 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 729 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of Ceva during the second quarter worth about $49,000. Integrated Wealth Concepts LLC acquired a new position in shares of Ceva during the second quarter worth about $52,000. State of Alaska Department of Revenue acquired a new position in shares of Ceva during the third quarter worth about $62,000. Finally, SBI Securities Co. Ltd. increased its stake in shares of Ceva by 771.7% during the third quarter. SBI Securities Co. Ltd. now owns 1,970 shares of the semiconductor company’s stock worth $70,000 after buying an additional 1,744 shares during the period. 85.37% of the stock is owned by institutional investors and hedge funds.

Key Ceva News

Here are the key news stories impacting Ceva this week:

• Positive Sentiment: Ceva forecast fourth-quarter revenue of $34 million to $38 million, citing a step-up in smartphone modem royalties. It also reported 18% sequential royalty-revenue growth and record AI licensing revenue. Article: Ceva expects Q4 revenue of $34M-$38M as smartphone modem royalties step up
• Positive Sentiment: Despite lowering price targets, UBS, Stifel and Needham retained Buy ratings, while Oppenheimer reaffirmed Outperform. Their revised targets remain above the share price cited in the reports.
• Negative Sentiment: Third-quarter EPS of $0.13 and revenue of $29.06 million both fell short of consensus estimates of about $0.19 and $32.7 million, respectively. Revenue was up 2.4% year over year, but the earnings and sales misses weighed on sentiment. Article: Ceva, Inc. Announces Third Quarter 2026 Financial Results
• Negative Sentiment: Several firms cut their price targets, including UBS and JPMorgan to $35, Oppenheimer to $35, Stifel to $40 and Needham to $30. JPMorgan maintained a Neutral rating; the broad target reductions suggest more cautious near-term expectations.

About Ceva

CEVA, Inc. develops and licenses semiconductor intellectual property and software for connected and intelligent devices. Rather than manufacturing chips, the company provides technology that semiconductor companies and other customers can incorporate into their own products. Its portfolio includes digital signal processors and platforms for wireless connectivity, including cellular, Wi-Fi, Bluetooth and ultra-wideband, as well as technologies for audio, imaging, computer vision, sensor processing and edge artificial intelligence.