Needham & Company LLC Has Lowered Expectations for Ceva (NASDAQ:CEVA) Stock Price

Key Points

• Needham cut its Ceva price target from $43 to $30 but maintained a Buy rating; the new target implies about 20.8% upside from the stock’s current price.
• Ceva’s latest quarter missed expectations, reporting EPS of $0.13 versus $0.19 expected and revenue of $29.06 million versus $32.71 million expected. Revenue was nevertheless up 2.4% year over year.
• Analyst views remain mixed: MarketBeat’s consensus is Moderate Buy with an average price target of $37.50, while the company forecast fourth-quarter revenue of $34 million to $38 million.

Ceva (NASDAQ:CEVA - Get Free Report) had its price objective reduced by analysts at Needham & Company LLC from $43.00 to $30.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the semiconductor company's stock. Needham & Company LLC's target price indicates a potential upside of 20.77% from the stock's current price.

A number of other equities research analysts have also recently issued reports on the company. TD Cowen cut their target price on Ceva from $45.00 to $35.00 and set a "buy" rating on the stock in a research note on Monday, October 19th. Wall Street Zen cut shares of Ceva from a "buy" rating to a "hold" rating in a report on Sunday. Rosenblatt Securities lifted their price objective on shares of Ceva from $45.00 to $49.00 and gave the company a "buy" rating in a research report on Tuesday, August 11th. Benchmark upgraded shares of Ceva from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 14th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Ceva in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $37.50.

Ceva Trading Down 8.3%

Shares of Ceva stock opened at $24.84 on Monday. The business's 50 day simple moving average is $30.44 and its 200-day simple moving average is $30.61. Ceva has a twelve month low of $17.02 and a twelve month high of $51.60.

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

Institutional Investors Weigh In On Ceva

Institutional investors have recently bought and sold shares of the stock. Sterling Capital Management LLC increased its stake in 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 buying an additional 729 shares during the period. Global Retirement Partners LLC bought a new position in shares of Ceva in the second quarter valued at approximately $49,000. Integrated Wealth Concepts LLC bought a new position in shares of Ceva in the second quarter valued at approximately $52,000. State of Alaska Department of Revenue acquired a new position in shares of Ceva during the third quarter valued at approximately $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 valued at $70,000 after acquiring an additional 1,744 shares during the period. Institutional investors and hedge funds own 85.37% of the company's stock.

Trending Headlines about Ceva

Here are the key news stories impacting Ceva this week:

• Positive Sentiment: Ceva expects fourth-quarter revenue of $34 million to $38 million, with smartphone modem royalties expected to increase. That outlook suggests a step-up from Q3 revenue of $29.06 million. Ceva expects Q4 revenue of $34M-$38M as smartphone modem royalties step up
• Positive Sentiment: Q3 royalty revenue grew 18% sequentially, and the company reported record AI licensing revenue—signs of momentum in its IP business. Ceva, Inc. Announces Third Quarter 2026 Financial Results
• Negative Sentiment: Q3 adjusted earnings of $0.13 per share missed estimates of roughly $0.18–$0.19. Revenue of $29.06 million also fell short of analysts’ expectations of about $32.7 million, although it was up 2.4% year over year. The results could weigh on sentiment despite the forward guidance. Ceva (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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