Equities analysts expect that CEVA, Inc. (NASDAQ:CEVA) will post earnings per share of $0.20 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for CEVA’s earnings. The highest EPS estimate is $0.23 and the lowest is $0.19. CEVA reported earnings of $0.23 per share in the same quarter last year, which would indicate a negative year over year growth rate of 13%. The firm is scheduled to report its next earnings results on Wednesday, February 12th.
According to Zacks, analysts expect that CEVA will report full year earnings of $0.49 per share for the current year, with EPS estimates ranging from $0.47 to $0.52. For the next year, analysts anticipate that the company will post earnings of $0.37 per share, with EPS estimates ranging from $0.20 to $0.62. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover CEVA.
CEVA (NASDAQ:CEVA) last released its quarterly earnings data on Thursday, November 7th. The semiconductor company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.19. The company had revenue of $23.50 million during the quarter, compared to analyst estimates of $22.72 million. CEVA had a negative net margin of 0.91% and a positive return on equity of 0.94%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share.
A number of large investors have recently added to or reduced their stakes in the business. Millennium Management LLC increased its holdings in shares of CEVA by 741.8% in the third quarter. Millennium Management LLC now owns 136,460 shares of the semiconductor company’s stock valued at $4,074,000 after purchasing an additional 120,250 shares during the period. Renaissance Technologies LLC raised its stake in shares of CEVA by 78.4% during the 2nd quarter. Renaissance Technologies LLC now owns 247,600 shares of the semiconductor company’s stock worth $6,029,000 after buying an additional 108,800 shares during the period. Nuveen Asset Management LLC purchased a new position in CEVA during the second quarter valued at $2,157,000. D. E. Shaw & Co. Inc. grew its holdings in shares of CEVA by 67.1% during the second quarter. D. E. Shaw & Co. Inc. now owns 217,036 shares of the semiconductor company’s stock worth $5,285,000 after buying an additional 87,177 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings in shares of CEVA by 259.0% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 97,796 shares of the semiconductor company’s stock worth $9,897,000 after purchasing an additional 70,556 shares during the last quarter. 82.90% of the stock is currently owned by institutional investors.
CEVA stock traded up $0.46 during mid-day trading on Friday, reaching $26.19. 5,452 shares of the company were exchanged, compared to its average volume of 131,554. The company has a debt-to-equity ratio of 0.03, a quick ratio of 6.80 and a current ratio of 6.80. The firm has a market cap of $565.80 million, a P/E ratio of 239.36, a PEG ratio of 129.60 and a beta of 1.45. The business has a fifty day moving average of $27.23 and a 200 day moving average of $27.30. CEVA has a 12-month low of $20.40 and a 12-month high of $33.16.
CEVA, Inc licenses signal processing platforms and artificial intelligence processors for semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, industrial, and Internet-of-Things (IoT) markets worldwide. The company licenses a family of signal processing intellectual properties (IPs), including platforms for 5G baseband processing in handsets and base station RAN; integrated cellular IoT solutions; digital signal processor (DSP) platforms incorporating voice input algorithms and software for voice enabled devices; and DSP platforms for advanced imaging and computer vision in various camera-enabled devices, as well as a family of self-contained artificial intelligent (AI) processors that address a range of edge applications.
Featured Article: How does equity income fit into an investing strategy?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CEVA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CEVA and related companies with MarketBeat.com's FREE daily email newsletter.