CEVA, Inc. (NASDAQ:CEVA – Get 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
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:CEVA – Get 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
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.
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