Brokerages Set CEVA, Inc. (NASDAQ:CEVA) PT at $38.60

CEVA, Inc. (NASDAQ:CEVA - Get Free Report) has received an average recommendation of "Buy" from the five analysts that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have issued a report on the stock in the last year is $38.60.

A number of equities analysts have commented on CEVA shares. Rosenblatt Securities restated a "buy" rating and set a $45.00 price objective on shares of CEVA in a research report on Wednesday, April 23rd. Barclays increased their price target on shares of CEVA from $34.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Finally, StockNews.com lowered CEVA from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st.

Insider Activity at CEVA

In other CEVA news, Director Louis Silver sold 4,520 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $30.98, for a total value of $140,029.60. Following the completion of the transaction, the director now directly owns 47,038 shares of the company's stock, valued at approximately $1,457,237.24. This trade represents a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.40% of the company's stock.

Institutional Investors Weigh In On CEVA

Several institutional investors have recently modified their holdings of CEVA. JPMorgan Chase & Co. raised its holdings in CEVA by 55.9% during the third quarter. JPMorgan Chase & Co. now owns 115,979 shares of the semiconductor company's stock worth $2,801,000 after purchasing an additional 41,573 shares during the last quarter. Barclays PLC increased its position in shares of CEVA by 389.8% in the third quarter. Barclays PLC now owns 41,900 shares of the semiconductor company's stock valued at $1,011,000 after buying an additional 33,346 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of CEVA by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 559,109 shares of the semiconductor company's stock worth $13,505,000 after buying an additional 3,649 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of CEVA by 59.8% in the 3rd quarter. Franklin Resources Inc. now owns 33,432 shares of the semiconductor company's stock worth $842,000 after buying an additional 12,515 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in CEVA in the 3rd quarter valued at about $233,000. Hedge funds and other institutional investors own 85.37% of the company's stock.

CEVA Trading Up 0.5 %

Shares of NASDAQ CEVA traded up $0.14 during midday trading on Friday, reaching $26.35. 147,727 shares of the company were exchanged, compared to its average volume of 210,803. The stock has a market cap of $630.03 million, a P/E ratio of -71.21 and a beta of 1.46. CEVA has a 1 year low of $16.02 and a 1 year high of $38.94. The stock has a fifty day simple moving average of $27.28 and a 200 day simple moving average of $29.35.

CEVA (NASDAQ:CEVA - Get Free Report) last announced its earnings results on Thursday, February 13th. The semiconductor company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.16). CEVA had a negative net margin of 8.22% and a negative return on equity of 2.48%. As a group, analysts forecast that CEVA will post -0.12 earnings per share for the current year.

CEVA Company Profile

CEVA, Inc provides silicon and software IP solutions to semiconductor and original equipment manufacturer (OEM) companies worldwide. Its 5G mobile and infrastructure products include Ceva-XC vector digital signal processors (DSPs) for 5G handsets, 5G RAN, and general-purpose baseband processing; PentaG-RAN, an open ran platform for base station and radio; and PentaG2 - 5G NR modem platform for UE, as well as for non-handset 5G vertical markets, such as fixed wireless access, industry 4.0, robotics, and AR/VR devices.