Short Interest in CEVA, Inc. (NASDAQ:CEVA) Declines By 28.5%

CEVA, Inc. (NASDAQ:CEVAGet Free Report) saw a significant decrease in short interest in September. As of September 30th, there was short interest totalling 704,200 shares, a decrease of 28.5% from the September 15th total of 984,300 shares. Based on an average daily volume of 180,500 shares, the short-interest ratio is currently 3.9 days.

Analyst Ratings Changes

Several equities analysts have weighed in on CEVA shares. Oppenheimer lifted their target price on CEVA from $29.00 to $33.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Roth Mkm upgraded shares of CEVA from a “neutral” rating to a “buy” rating and upped their price objective for the company from $20.00 to $25.00 in a research note on Thursday, August 8th. Finally, StockNews.com cut shares of CEVA from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CEVA currently has an average rating of “Moderate Buy” and a consensus target price of $28.50.

Read Our Latest Report on CEVA

Institutional Trading of CEVA

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in CEVA by 2.2% during the first quarter. Vanguard Group Inc. now owns 2,969,107 shares of the semiconductor company’s stock worth $67,428,000 after buying an additional 62,734 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in CEVA by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 835,131 shares of the semiconductor company’s stock valued at $16,110,000 after acquiring an additional 44,502 shares during the period. Acadian Asset Management LLC raised its position in CEVA by 8.3% in the second quarter. Acadian Asset Management LLC now owns 566,880 shares of the semiconductor company’s stock worth $10,931,000 after purchasing an additional 43,266 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in CEVA by 1,693.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 321,602 shares of the semiconductor company’s stock worth $7,284,000 after purchasing an additional 303,673 shares during the period. Finally, Silverberg Bernstein Capital Management LLC boosted its holdings in CEVA by 6.6% during the third quarter. Silverberg Bernstein Capital Management LLC now owns 76,554 shares of the semiconductor company’s stock valued at $1,849,000 after purchasing an additional 4,730 shares in the last quarter. Institutional investors own 85.37% of the company’s stock.

CEVA Stock Up 3.1 %

Shares of NASDAQ:CEVA traded up $0.76 on Friday, reaching $25.26. The company had a trading volume of 79,389 shares, compared to its average volume of 153,858. The stock has a market capitalization of $598.41 million, a P/E ratio of -87.10 and a beta of 1.19. The stock has a 50-day moving average price of $23.24 and a 200 day moving average price of $21.25. CEVA has a twelve month low of $16.02 and a twelve month high of $25.54.

CEVA (NASDAQ:CEVAGet Free Report) last announced its earnings results on Wednesday, August 7th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.14. The firm had revenue of $28.44 million during the quarter, compared to analysts’ expectations of $24.47 million. CEVA had a negative return on equity of 3.77% and a negative net margin of 7.02%. On average, sell-side analysts predict that CEVA will post -0.31 earnings per share for the current fiscal year.

CEVA Company Profile

(Get Free Report)

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.

Featured Stories

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.