CEVA (NASDAQ:CEVA) Issues Quarterly Earnings Results, Misses Estimates By $0.16 EPS

Posted by James Conley on Feb 13th, 2025

CEVA (NASDAQ:CEVA – Get Free Report) announced its quarterly earnings data on Thursday. The semiconductor company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.16), Zacks reports. CEVA had a negative net margin of 3.22% and a negative return on equity of 2.69%.

CEVA Trading Up 1.6 %

Shares of NASDAQ CEVA traded up $0.51 during trading on Thursday, reaching $32.23. 161,909 shares of the company traded hands, compared to its average volume of 313,285. CEVA has a 12-month low of $16.02 and a 12-month high of $37.75. The stock has a market cap of $761.59 million, a P/E ratio of -229.32 and a beta of 1.25. The firm’s fifty day simple moving average is $32.42 and its 200 day simple moving average is $27.23.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CEVA shares. StockNews.com lowered CEVA from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Rosenblatt Securities restated a “buy” rating and issued a $35.00 target price on shares of CEVA in a research note on Tuesday. Roth Mkm increased their price objective on CEVA from $25.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Northland Securities upped their target price on CEVA from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, December 23rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.20.

Get Our Latest Stock Report on CEVA

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.