Ceva (NASDAQ:CEVA) Shares Gap Down Following Analyst Downgrade

Ceva, Inc. (NASDAQ:CEVA)’s share price gapped down prior to trading on Monday after TD Cowen lowered their price target on the stock from $55.00 to $45.00. The stock had previously closed at $38.67, but opened at $36.84. TD Cowen currently has a buy rating on the stock. Ceva shares last traded at $35.0010, with a volume of 172,580 shares trading hands.

A number of other equities research analysts have also issued reports on the stock. Benchmark began coverage on shares of Ceva in a research note on Wednesday, July 15th. They set a “hold” rating for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ceva in a report on Monday, July 6th. Rosenblatt Securities lifted their price objective on Ceva from $45.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday. Needham & Company LLC lowered their target price on Ceva from $55.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. initiated coverage on Ceva in a research report on Friday, May 8th. They issued a “neutral” rating and a $30.00 target price on the stock. Nine equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.60.

Key Headlines Impacting Ceva

Here are the key news stories impacting Ceva this week:

• Positive Sentiment: Ceva reported second-quarter EPS of $0.08, ahead of the $0.07 consensus estimate, while revenue of $29.03 million exceeded expectations of $28.19 million and increased 13% year over year. The company also reported its highest licensing and related revenue in three years, supported by demand for AI and connectivity products. Ceva Second Quarter 2026 Financial Results
• Positive Sentiment: Rosenblatt raised its price target from $45 to $49 and maintained a “buy” rating, implying substantial potential upside from the recent trading level. Benzinga analyst update
• Neutral Sentiment: Analyst views were mixed following the earnings report. Oppenheimer cut its target from $42 to $38 but retained an “outperform” rating, while Needham reduced its target from $55 to $43 but maintained a “buy” rating. The revisions still imply upside, but signal more cautious expectations. Analyst Forecast Revisions for Ceva
• Neutral Sentiment: Recent insider activity was entirely purchases, while institutional ownership changes were mixed, with some large funds adding shares and others reducing or exiting positions. The reported August short-interest figure of zero shares appears unreliable because the data also shows an undefined percentage change.
• Negative Sentiment: Although results beat estimates, Ceva remains unprofitable, with a negative net margin and analysts forecasting a full-year loss. That may be limiting enthusiasm for the earnings beat and contributing to the stock’s decline.
• Negative Sentiment: Reports about a cyberattack involving “CEVA Logistics,” a shipping company serving Valve, do not concern Ceva, Inc. (CEVA), the semiconductor intellectual-property business, and therefore should not be treated as a direct fundamental risk to this stock. Cyberattack at CEVA Logistics

Institutional Investors Weigh In On Ceva

Several institutional investors and hedge funds have recently modified their holdings of CEVA. Oaktop Capital Management II L.P. bought a new stake in Ceva in the second quarter worth $21,051,000. BlackRock Inc. bought a new position in Ceva during the second quarter valued at about $113,995,000. Deutsche Bank AG bought a new position in Ceva during the second quarter valued at about $33,941,000. Rice Hall James & Associates LLC acquired a new stake in shares of Ceva in the second quarter worth about $4,612,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Ceva in the second quarter worth about $49,000. Institutional investors and hedge funds own 85.37% of the company’s stock.

Ceva Stock Performance

The company has a market cap of $858.89 million, a P/E ratio of -77.07 and a beta of 1.99. The firm has a 50 day moving average price of $41.40 and a 200-day moving average price of $30.93.

Ceva (NASDAQ:CEVA) last issued its quarterly earnings data on Monday, August 10th. The semiconductor company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Ceva had a negative return on equity of 3.22% and a negative net margin of 9.48%.The business had revenue of $29.03 million for the quarter, compared to the consensus estimate of $28.19 million. During the same period last year, the business earned $0.07 EPS. The firm’s revenue was up 13.0% compared to the same quarter last year. On average, sell-side analysts forecast that Ceva, Inc. will post -0.21 EPS for the current fiscal year.

Ceva Company Profile

Ceva, Inc (NASDAQ: CEVA) is a leading licensor of signal processing IP cores and platforms that enable intelligent, connected devices. The company designs a broad portfolio of digital signal processing (DSP) and AI processors, software development toolkits and reference frameworks for applications ranging from 5G wireless communications and Bluetooth connectivity to audio, computer vision, sensor fusion and edge AI. Its solutions target a variety of end markets including smartphones, automotive, IoT devices, smart home, industrial automation and wearable electronics.

Founded in 1999 as a spin-off from DSP Group, Ceva has built its reputation on delivering modular, power-efficient IP that can be customized to meet stringent performance, area and power requirements.