Ceva (NASDAQ:CEVA) Stock Price Target Cut by JPMorgan Chase & Co.

Key Points

• JPMorgan cut Ceva’s price target from $45 to $35 and maintained a Neutral rating; the new target implied 45.25% upside from the prior close.
• Analyst views remain broadly positive: MarketBeat reported a Moderate Buy consensus and an average price target of $36.70.
• Ceva’s latest reported quarter missed estimates, with EPS of $0.13 versus $0.19 expected and revenue of $29.06 million versus $32.71 million expected, though revenue rose 2.4% year over year.

Ceva (NASDAQ:CEVA - Get Free Report) had its price objective reduced by research analysts at JPMorgan Chase & Co. from $45.00 to $35.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a "neutral" rating on the semiconductor company's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 45.25% from the company's previous close.

CEVA has been the subject of a number of other reports. Stifel Nicolaus cut their price target on Ceva from $50.00 to $40.00 and set a "buy" rating for the company in a report on Tuesday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Ceva in a research note on Friday, October 2nd. Rosenblatt Securities lifted their price target on Ceva from $45.00 to $49.00 and gave the stock a "buy" rating in a research note on Tuesday, August 11th. Benchmark raised shares of Ceva from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 14th. Finally, UBS Group reduced their price target on Ceva from $48.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $36.70.

Ceva Stock Performance

NASDAQ CEVA traded down $0.74 during trading on Tuesday, hitting $24.10. 310,710 shares of the company's stock traded hands, compared to its average volume of 643,927. The stock has a market capitalization of $678.30 million, a price-to-earnings ratio of -60.10 and a beta of 1.98. Ceva has a 12-month low of $17.02 and a 12-month 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 posted its quarterly earnings results 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). The business had revenue of $29.06 million during the quarter, compared to the consensus estimate of $32.71 million. Ceva had a negative net margin of 9.48% and a negative return on equity of 3.15%. The business's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the firm earned $0.11 EPS. On average, analysts expect that Ceva will post -0.17 EPS for the current year.

Institutional Investors Weigh In On Ceva

Institutional investors and hedge funds have recently modified their holdings of the stock. Aberdeen Group plc purchased a new position in Ceva in the third quarter worth about $8,545,000. William Blair Investment Management LLC purchased a new stake in Ceva in the 3rd quarter worth approximately $24,975,000. Russell Investments Group Ltd. raised its stake in Ceva by 129.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 19,800 shares of the semiconductor company's stock worth $696,000 after acquiring an additional 11,172 shares during the period. Moody Aldrich Partners LLC raised its stake in Ceva by 59.2% during the 3rd quarter. Moody Aldrich Partners LLC now owns 121,324 shares of the semiconductor company's stock worth $4,286,000 after acquiring an additional 45,138 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings in Ceva by 492.6% during the third 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. 85.37% of the stock is owned by hedge funds and other institutional investors.

Key Ceva News

Here are the key news stories impacting Ceva this week:

• Positive Sentiment: Ceva forecast Q4 revenue of $34 million to $38 million, citing higher smartphone modem royalties. That would be above Q3 revenue of $29.06 million. 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, potential signs of strengthening demand for its IP. Article: Ceva, Inc. Announces Third Quarter 2026 Financial Results
• Neutral Sentiment: Stifel Nicolaus and Needham cut their price targets to $40 and $30, respectively, but both maintained Buy ratings. The reductions temper their outlook, while the retained ratings signal continued optimism. Stifel price target update Needham price target update
• Negative Sentiment: Q3 results fell short of expectations: EPS was $0.13 versus consensus of about $0.19, and revenue of $29.06 million missed estimates of roughly $32.7 million. Revenue was up only 2.4% year over year, making the quarterly shortfall a likely source of selling pressure. Article: Ceva Lags Q3 Earnings and Revenue Estimates

About Ceva

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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