CEVA’s (CEVA) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of CEVA (NASDAQ:CEVA) in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a $35.00 price objective on the semiconductor company’s stock.

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

CEVA Stock Up 10.2 %

CEVA stock opened at $34.96 on Tuesday. The company has a market capitalization of $826.10 million, a P/E ratio of -249.70 and a beta of 1.25. The company has a 50-day simple moving average of $32.42 and a 200 day simple moving average of $27.23. CEVA has a fifty-two week low of $16.02 and a fifty-two week high of $37.75.

CEVA (NASDAQ:CEVA) last issued its quarterly earnings results on Thursday, February 13th. The semiconductor company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.16). CEVA had a negative net margin of 3.22% and a negative return on equity of 2.69%. Equities analysts anticipate that CEVA will post -0.25 EPS for the current year.

Institutional Trading of CEVA

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC raised its holdings in CEVA by 206.2% during the 3rd quarter. Jane Street Group LLC now owns 137,061 shares of the semiconductor company’s stock worth $3,310,000 after buying an additional 92,295 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of CEVA by 55.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 115,979 shares of the semiconductor company’s stock valued at $2,801,000 after purchasing an additional 41,573 shares during the period. Barclays PLC increased its holdings in shares of CEVA by 389.8% in the 3rd quarter. Barclays PLC now owns 41,900 shares of the semiconductor company’s stock valued at $1,011,000 after purchasing an additional 33,346 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of CEVA by 8.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 222,962 shares of the semiconductor company’s stock valued at $5,385,000 after purchasing an additional 16,463 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of CEVA by 97.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 211,771 shares of the semiconductor company’s stock valued at $5,114,000 after purchasing an additional 104,453 shares during the period. Institutional investors and hedge funds own 85.37% of the company’s stock.

About CEVA

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.