CEVA's (CEVA) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of CEVA (NASDAQ:CEVA - Free Report) in a research report report published on Wednesday,Benzinga reports. Rosenblatt Securities currently has a $45.00 target price on the semiconductor company's stock.

Other equities analysts also recently issued research reports about the stock. StockNews.com downgraded shares of CEVA from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Barclays upped their price target on CEVA from $34.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $38.60.

CEVA Stock Performance

Shares of CEVA traded down $0.40 during midday trading on Wednesday, hitting $26.31. 77,386 shares of the stock were exchanged, compared to its average volume of 209,852. The firm has a market cap of $629.07 million, a P/E ratio of -71.13 and a beta of 1.46. CEVA has a 52-week low of $16.02 and a 52-week high of $38.94. The stock has a fifty day simple moving average of $27.98 and a 200 day simple moving average of $29.37.

CEVA (NASDAQ:CEVA - Get Free Report) last released 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, equities research analysts forecast that CEVA will post -0.12 EPS for the current fiscal year.

Insider Buying and Selling

In other CEVA news, Director Louis Silver sold 4,520 shares of CEVA stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $30.98, for a total transaction of $140,029.60. Following the transaction, the director now owns 47,038 shares of the company's stock, valued at $1,457,237.24. The trade was a 8.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Harvest Fund Management Co. Ltd acquired a new stake in shares of CEVA during the fourth quarter worth $40,000. Meeder Asset Management Inc. acquired a new stake in shares of CEVA in the 4th quarter worth $46,000. GAMMA Investing LLC increased its stake in shares of CEVA by 63.3% during the fourth quarter. GAMMA Investing LLC now owns 2,379 shares of the semiconductor company's stock worth $75,000 after acquiring an additional 922 shares during the period. KLP Kapitalforvaltning AS purchased a new position in CEVA during the fourth quarter worth about $129,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in CEVA in the fourth quarter valued at about $215,000. 85.37% of the stock is owned by hedge funds and other institutional investors.

About CEVA

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.