Ceva (NASDAQ:CEVA) Price Target Cut to $38.00 by Analysts at Oppenheimer

Key Points

• Oppenheimer cut Ceva’s price target to $38 from $42 while maintaining an “outperform” rating, implying 23.11% upside from the prior close.
• Analyst sentiment remains generally positive: Ceva has a consensus “Moderate Buy” rating and an average price target of $41.60, despite ratings ranging from “buy” to “sell.”
• Ceva exceeded quarterly expectations with earnings of $0.08 per share versus $0.07 expected and revenue of $29.03 million versus $28.19 million, while revenue grew 13% year over year; however, the company continues to report negative profitability metrics.

Ceva (NASDAQ:CEVA - Get Free Report) had its target price dropped by equities research analysts at Oppenheimer from $42.00 to $38.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the semiconductor company's stock. Oppenheimer's price objective would indicate a potential upside of 23.11% from the company's previous close.

Several other brokerages also recently commented on CEVA. Benchmark began coverage on shares of Ceva in a research note on Wednesday, July 15th. They issued a "hold" rating for the company. TD Cowen boosted their target price on shares of Ceva from $45.00 to $55.00 and gave the stock a "buy" rating in a research note on Monday, July 13th. JPMorgan Chase & Co. started coverage on shares of Ceva in a report on Friday, May 8th. They set a "neutral" rating and a $30.00 price target for the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Ceva in a research note on Monday, July 6th. Finally, UBS Group raised their price objective on Ceva from $42.00 to $48.00 and gave the company a "buy" rating in a report on Tuesday, May 12th. Nine investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.60.

Ceva Stock Down 3.3%

NASDAQ:CEVA opened at $30.87 on Tuesday. The stock's 50-day simple moving average is $41.78 and its 200 day simple moving average is $30.88. The firm has a market capitalization of $859.93 million, a PE ratio of -69.51 and a beta of 1.99. Ceva has a twelve month low of $17.02 and a twelve month high of $51.60.

Ceva (NASDAQ:CEVA - Get Free Report) last issued its earnings results on Monday, August 10th. The semiconductor company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The firm had revenue of $29.03 million during the quarter, compared to the consensus estimate of $28.19 million. Ceva had a negative return on equity of 3.42% and a negative net margin of 10.47%.The business's quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 earnings per share. On average, analysts anticipate that Ceva will post -0.21 EPS for the current fiscal year.

Institutional Trading of Ceva

Several institutional investors have recently modified their holdings of CEVA. Hsbc Holdings PLC acquired a new position in Ceva in the fourth quarter valued at $777,000. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Ceva in the 4th quarter worth about $603,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Ceva in the 4th quarter valued at about $497,000. Needham Investment Management LLC lifted its stake in shares of Ceva by 16.4% in the 4th quarter. Needham Investment Management LLC now owns 160,000 shares of the semiconductor company's stock valued at $3,443,000 after purchasing an additional 22,500 shares during the period. Finally, Themes Management Co LLC bought a new stake in shares of Ceva during the 4th quarter valued at about $939,000. Institutional investors own 85.37% of the company's stock.

Key Headlines Impacting Ceva

Here are the key news stories impacting Ceva this week:

• Positive Sentiment: Ceva reported second-quarter adjusted earnings of $0.08 per share, above the $0.07 consensus estimate, while revenue of $29.03 million exceeded expectations of $28.19 million. Revenue increased 13% year over year, and licensing and related revenue reached the company’s highest level in three years, supported by demand for artificial intelligence and connectivity products. Ceva Second-Quarter 2026 Financial Results
• Positive Sentiment: Rosenblatt Securities raised its price target for CEVA to $49 from $45 and maintained a “buy” rating, implying substantial upside from the current trading level. Benzinga analyst action
• Positive Sentiment: Needham lowered its price target to $43 from $55 but retained a “buy” rating, indicating that the firm still expects meaningful appreciation despite the more cautious valuation. Tickerreport analyst action
• Neutral Sentiment: Recent insider activity was uniformly positive, with the CEO, CFO and another insider purchasing shares. Institutional positioning was mixed, however, with large additions from State Street and BlackRock offset by reductions from several other investment firms.
• Negative Sentiment: Despite the earnings and revenue beats, reports said Ceva’s shares slipped after the release, suggesting investors may have been looking for stronger guidance, growth details or evidence that the company can move toward sustained profitability. Ceva continues to report a negative net margin and negative return on equity. Ceva shares slip despite earnings beat

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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