Needham & Company LLC Lowers Ceva (NASDAQ:CEVA) Price Target to $43.00

Key Points

• Needham lowered Ceva’s price target from $55 to $43 while maintaining a “buy” rating, implying roughly 34.7% upside from the stock’s previous close. Analysts overall hold a “Moderate Buy” consensus with an average target of $41.60.
• Ceva exceeded quarterly expectations, reporting EPS of $0.08 versus $0.07 expected and revenue of $29.03 million versus $28.19 million, with revenue up 13% year over year.
• Profitability remains a concern: Ceva posted a negative 10.47% net margin and analysts expect a full-year loss of about $0.21 per share, despite increased institutional ownership and stronger revenue growth.

Ceva (NASDAQ:CEVA - Get Free Report) had its price objective lowered by investment analysts at Needham & Company LLC from $55.00 to $43.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the semiconductor company's stock. Needham & Company LLC's target price would indicate a potential upside of 34.71% from the stock's previous close.

Several other brokerages have also recently issued reports on CEVA. UBS Group increased their price objective on Ceva from $42.00 to $48.00 and gave the stock a "buy" rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. assumed coverage on Ceva in a research report on Friday, May 8th. They set a "neutral" rating and a $30.00 target price for the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Ceva in a research report on Monday, July 6th. Benchmark initiated coverage on Ceva in a research note on Wednesday, July 15th. They set a "hold" rating on the stock. Finally, Oppenheimer lifted their price objective on Ceva from $30.00 to $42.00 and gave the company an "outperform" rating in a report on Tuesday, May 12th. Nine investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $41.60.

Ceva Price Performance

Ceva stock opened at $31.92 on Monday. The stock has a market cap of $889.29 million, a price-to-earnings ratio of -70.93 and a beta of 1.99. The firm has a 50-day moving average of $41.78 and a two-hundred day moving average of $30.88. Ceva has a 1 year low of $17.02 and a 1 year 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 analysts' consensus estimates of $0.07 by $0.01. Ceva had a negative net margin of 10.47% and a negative return on equity of 3.42%. The business had revenue of $29.03 million for the quarter, compared to analyst estimates of $28.19 million. During the same period last year, the company posted $0.07 earnings per share. The company's quarterly revenue was up 13.0% compared to the same quarter last year. Research analysts expect that Ceva will post -0.21 earnings per share for the current year.

Institutional Investors Weigh In On Ceva

A number of hedge funds have recently made changes to their positions in CEVA. BlackRock Inc. bought a new stake in Ceva during the second quarter valued at about $113,995,000. Deutsche Bank AG bought a new position in Ceva in the second quarter worth about $33,941,000. Millennium Management LLC lifted its position in shares of Ceva by 2,735.2% during the fourth quarter. Millennium Management LLC now owns 595,599 shares of the semiconductor company's stock valued at $12,817,000 after buying an additional 574,592 shares during the last quarter. Defiance ETFs LLC purchased a new stake in shares of Ceva during the fourth quarter valued at about $10,420,000. Finally, Oaktop Capital Management II L.P. bought a new stake in shares of Ceva in the 2nd quarter valued at about $21,051,000. 85.37% of the stock is currently owned by hedge funds and other institutional investors.

Ceva News Summary

Here are the key news stories impacting Ceva this week:

• Positive Sentiment: Quarterly results exceeded estimates: Ceva reported second-quarter EPS of $0.08 versus the $0.07 consensus estimate, while revenue reached $29.03 million, above expectations of $28.19 million. Revenue increased 13% year over year to its highest level in three years for licensing and related revenue, supported by demand for artificial intelligence and connectivity products. Ceva Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Insider buying provides a modest confidence signal: Executives, including CEO Amir Panush and CFO Yaniv Arieli, purchased shares in the past six months, with no reported insider sales. Institutional activity was mixed, although State Street and BlackRock increased their holdings in the latest reported quarter. Ceva Trading and Institutional Activity
• Neutral Sentiment: Analyst targets remain above the current trading range: Six analysts recently published targets with a median of $45, ranging from $36 to $55. However, these targets may not reflect updated post-earnings guidance or changing market expectations.
• Negative Sentiment: Profitability remains a concern: Despite the EPS beat, Ceva posted a negative net margin of 10.47% and negative return on equity of 3.42%. Analysts collectively expect a full-year loss of approximately $0.21 per share, which may be weighing on the stock despite stronger revenue growth. Ceva Shares Slip Despite Earnings Beat

Ceva Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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