Ceva (NASDAQ:CEVA) Stock Gets Price Target Reduction from Stifel Nicolaus

Key Points

• Stifel Nicolaus cut Ceva’s price target to $40 from $50 but maintained a “buy” rating; the new target implies about 61% upside from the prior close.
• Ceva’s latest quarter missed analyst expectations, reporting EPS of $0.13 versus $0.19 expected and revenue of $29.06 million versus $32.71 million expected, although revenue rose 2.4% year over year.
• Analyst opinion remains broadly positive: MarketBeat reported a “Moderate Buy” consensus and an average price target of $36.50.

Ceva (NASDAQ:CEVA - Get Free Report) had its target price reduced by research analysts at Stifel Nicolaus from $50.00 to $40.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the semiconductor company's stock. Stifel Nicolaus's price target would suggest a potential upside of 61.03% from the stock's previous close.

Other research analysts also recently issued research reports about the company. UBS Group lowered their price objective on Ceva from $48.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, November 2nd. Rosenblatt Securities raised their price objective on Ceva from $45.00 to $49.00 and gave the company a "buy" rating in a research note on Tuesday, August 11th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Ceva in a research note on Friday, October 2nd. Oppenheimer decreased their price objective on Ceva from $42.00 to $38.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 11th. Finally, TD Cowen reduced their target price on Ceva from $45.00 to $35.00 and set a "buy" rating for the company in a research report on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $36.50.

Ceva Price Performance

CEVA stock opened at $24.84 on Tuesday. The stock has a market capitalization of $699.25 million, a P/E ratio of -62.10 and a beta of 1.98. Ceva has a fifty-two week low of $17.02 and a fifty-two week high of $51.60. The business has a 50-day moving average of $30.44 and a 200-day moving average of $30.61.

Ceva (NASDAQ:CEVA - Get Free Report) last announced its quarterly earnings results on Monday, November 9th. The semiconductor company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.06). The business had revenue of $29.06 million for the quarter, compared to analyst estimates of $32.71 million. Ceva had a negative return on equity of 3.15% and a negative net margin of 9.48%. Ceva's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm earned $0.11 EPS. Equities analysts expect that Ceva will post -0.17 EPS for the current year.

Hedge Funds Weigh In On Ceva

Institutional investors and hedge funds have recently modified their holdings of the stock. Sterling Capital Management LLC boosted its holdings in shares of Ceva by 492.6% during the 3rd quarter. Sterling Capital Management LLC now owns 877 shares of the semiconductor company's stock valued at $31,000 after acquiring an additional 729 shares during the last quarter. Global Retirement Partners LLC bought a new position in Ceva during the second quarter valued at $49,000. Integrated Wealth Concepts LLC bought a new stake in shares of Ceva in the 2nd quarter worth about $52,000. State of Alaska Department of Revenue purchased a new position in Ceva during the 3rd quarter valued at $62,000. Finally, SBI Securities Co. Ltd. raised 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 valued at $70,000 after acquiring an additional 1,744 shares in the last quarter. 85.37% of the stock is currently owned by institutional investors.

Ceva News Summary

Here are the key news stories impacting Ceva this week:

• Positive Sentiment: Ceva forecast fourth-quarter revenue of $34 million to $38 million, citing higher smartphone modem royalties. That outlook points to a potential step-up in revenue. Article: Ceva expects Q4 revenue of $34M-$38M as smartphone modem royalties step up
• Positive Sentiment: The company reported 18% sequential growth in royalty revenue and record AI licensing revenue in Q3, while noting a multi-year smartphone modem ramp ahead. Article: Ceva, Inc. Announces Third Quarter 2026 Financial Results
• Neutral Sentiment: Needham lowered its price target to $30 from $43 but kept a “buy” rating. The reduced target reflects a more cautious valuation view, while the rating signals the analyst still sees potential upside. Article: Needham rating and price target
• Negative Sentiment: Q3 EPS was $0.13, below analyst expectations of about $0.18–$0.19. Revenue of $29.06 million also missed estimates of roughly $32.7 million, despite rising 2.4% year over year. The earnings and sales shortfalls are the clearest near-term headwinds for the stock. Article: Ceva lags Q3 earnings and revenue estimates

Ceva Company Profile

Ceva, Inc is a semiconductor intellectual property (IP) company that develops and licenses technology used in connected devices. Rather than manufacturing chips, the company provides processor cores, software, and system-level IP that semiconductor companies and original equipment manufacturers can incorporate into their own products.

Its portfolio includes digital signal processor (DSP) cores and platforms for wireless communications, artificial intelligence, computer vision, audio and voice processing, imaging, and sensor applications.

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