Ceva, Inc. (NASDAQ:CEVA) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Consensus "Moderate Buy": Eight analysts cover Ceva (seven buys, one sell) with an average 12‑month price target of approximately $30.29.
• Recent quarter: Ceva reported $0.18 EPS (in line) and revenue of $31.29M (beat), with revenue up 7.1% YoY, but it remains unprofitable (negative net margin 9.71%) and analysts forecast about -$0.12 EPS for the fiscal year.
• High institutional ownership at 85.37%; shares trade near $20.59 with a market cap around $571M and a 52‑week range of $17.02–$30.88.

Shares of Ceva, Inc. (NASDAQ:CEVA - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $30.2857.

CEVA has been the subject of several analyst reports. Weiss Ratings restated a "sell (d-)" rating on shares of Ceva in a report on Wednesday. TD Cowen started coverage on Ceva in a report on Friday, March 20th. They issued a "buy" rating and a $22.00 target price for the company. Oppenheimer reiterated an "outperform" rating and issued a $30.00 target price (down from $33.00) on shares of Ceva in a research note on Wednesday, February 18th. Rosenblatt Securities reiterated a "buy" rating and issued a $40.00 target price on shares of Ceva in a research note on Thursday, March 12th. Finally, Stifel Nicolaus started coverage on shares of Ceva in a research note on Tuesday, February 10th. They issued a "buy" rating and a $30.00 target price on the stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hantz Financial Services Inc. grew its stake in Ceva by 77.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,446 shares of the semiconductor company's stock valued at $31,000 after buying an additional 632 shares during the last quarter. State of Wyoming acquired a new position in Ceva in the 3rd quarter valued at $39,000. Russell Investments Group Ltd. grew its stake in Ceva by 771.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,380 shares of the semiconductor company's stock valued at $63,000 after buying an additional 2,107 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Ceva by 422.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,731 shares of the semiconductor company's stock valued at $60,000 after buying an additional 2,208 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Ceva by 47.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,758 shares of the semiconductor company's stock valued at $145,000 after buying an additional 2,172 shares during the last quarter. 85.37% of the stock is currently owned by institutional investors and hedge funds.

Ceva Stock Up 1.7%

Shares of CEVA opened at $20.59 on Friday. The company's fifty day moving average is $20.13 and its 200-day moving average is $22.74. Ceva has a 12 month low of $17.02 and a 12 month high of $30.88. The firm has a market cap of $571.37 million, a price-to-earnings ratio of -47.88 and a beta of 1.53.

Ceva (NASDAQ:CEVA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 17th. The semiconductor company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. Ceva had a negative net margin of 9.71% and a negative return on equity of 3.15%. The company had revenue of $31.29 million for the quarter, compared to analyst estimates of $31.03 million. During the same quarter in the prior year, the business posted $0.11 EPS. Ceva's quarterly revenue was up 7.1% on a year-over-year basis. As a group, research analysts predict that Ceva will post -0.12 earnings per share for the current fiscal year.

About Ceva

Ceva, Inc NASDAQ: CEVA is a leading licensor of signal processing IP cores and platforms that enable intelligent, connected devices. The company designs a broad portfolio of digital signal processing (DSP) and AI processors, software development toolkits and reference frameworks for applications ranging from 5G wireless communications and Bluetooth connectivity to audio, computer vision, sensor fusion and edge AI. Its solutions target a variety of end markets including smartphones, automotive, IoT devices, smart home, industrial automation and wearable electronics.

Founded in 1999 as a spin-off from DSP Group, Ceva has built its reputation on delivering modular, power-efficient IP that can be customized to meet stringent performance, area and power requirements.

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