CEVA (NASDAQ:CEVA) Trading Up 5.9%

Shares of CEVA, Inc. (NASDAQ:CEVA) traded up 5.9% on Thursday . The company traded as high as $26.70 and last traded at $26.04, 155,900 shares were traded during trading. An increase of 11% from the average session volume of 140,012 shares. The stock had previously closed at $24.58.

A number of research analysts have recently weighed in on the company. ValuEngine raised CEVA from a “hold” rating to a “buy” rating in a research report on Thursday, March 5th. Barclays reaffirmed a “hold” rating and set a $33.00 price objective on shares of CEVA in a research report on Wednesday, February 19th. Northland Securities raised CEVA from a “market perform” rating to an “outperform” rating in a report on Monday. Roth Capital boosted their price target on CEVA to and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, BidaskClub raised CEVA from a “sell” rating to a “hold” rating in a report on Wednesday, March 25th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $35.67.

The firm has a market capitalization of $545.43 million, a PE ratio of 186.00, a PEG ratio of 83.10 and a beta of 1.25. The company has a fifty day simple moving average of $27.18 and a two-hundred day simple moving average of $27.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 6.77 and a current ratio of 6.77.

CEVA (NASDAQ:CEVA) last issued its earnings results on Tuesday, February 18th. The semiconductor company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.08. CEVA had a return on equity of 1.23% and a net margin of 0.03%. The business had revenue of $28.31 million during the quarter, compared to analysts’ expectations of $24.39 million. During the same period in the prior year, the business earned $0.23 EPS. The business’s revenue for the quarter was up 32.3% compared to the same quarter last year. On average, equities analysts anticipate that CEVA, Inc. will post 0.01 earnings per share for the current fiscal year.

In other CEVA news, Director Bruce Mann sold 32,408 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $35.16, for a total value of $1,139,465.28. Following the completion of the sale, the director now directly owns 13,000 shares in the company, valued at approximately $457,080. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.80% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp lifted its stake in shares of CEVA by 6.6% during the 4th quarter. State Street Corp now owns 735,682 shares of the semiconductor company’s stock worth $19,834,000 after purchasing an additional 45,496 shares during the last quarter. Baillie Gifford & Co. lifted its stake in shares of CEVA by 4.6% during the 4th quarter. Baillie Gifford & Co. now owns 441,175 shares of the semiconductor company’s stock worth $11,894,000 after purchasing an additional 19,357 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of CEVA by 0.5% during the 4th quarter. Lord Abbett & CO. LLC now owns 379,010 shares of the semiconductor company’s stock worth $10,218,000 after purchasing an additional 2,004 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of CEVA by 12.0% during the 4th quarter. Renaissance Technologies LLC now owns 342,400 shares of the semiconductor company’s stock worth $9,231,000 after purchasing an additional 36,700 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of CEVA by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 306,874 shares of the semiconductor company’s stock worth $8,273,000 after purchasing an additional 9,727 shares during the last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.

CEVA Company Profile (NASDAQ: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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