Ceva (NASDAQ:CEVA) Price Target Cut to $43.00 by Analysts at Needham & Company LLC

Ceva (NASDAQ:CEVA) had its target price cut by Needham & Company LLC from $55.00 to $43.00 in a research note released on Monday morning,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other research firms also recently weighed in on CEVA. UBS Group lifted their price target on shares of Ceva from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Roth Capital reiterated a “buy” rating and set a $40.00 target price on shares of Ceva in a research report on Monday, May 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ceva in a research note on Monday, July 6th. Benchmark initiated coverage on shares of Ceva in a research report on Wednesday, July 15th. They issued a “hold” rating for the company. Finally, TD Cowen raised their price target on shares of Ceva from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Nine equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.60.

Ceva Trading Down 17.5%

Shares of CEVA stock opened at $31.92 on Monday. The stock has a 50 day moving average of $41.78 and a two-hundred day moving average of $30.88. Ceva has a 12 month low of $17.02 and a 12 month high of $51.60. The company has a market capitalization of $889.29 million, a P/E ratio of -70.93 and a beta of 1.99.

Ceva (NASDAQ:CEVA) last released its quarterly earnings data on Monday, August 10th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $29.03 million for the quarter, compared to analysts’ expectations of $28.19 million. Ceva had a negative return on equity of 3.42% and a negative net margin of 10.47%.Ceva’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 earnings per share. Sell-side analysts predict that Ceva will post -0.21 earnings per share for the current fiscal year.

Institutional Trading of Ceva

Several large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in Ceva during the 2nd quarter worth about $113,995,000. Deutsche Bank AG bought a new stake in shares of Ceva during the second quarter valued at approximately $33,941,000. Millennium Management LLC increased its holdings in shares of Ceva by 2,735.2% in the fourth quarter. Millennium Management LLC now owns 595,599 shares of the semiconductor company’s stock valued at $12,817,000 after purchasing an additional 574,592 shares in the last quarter. Defiance ETFs LLC acquired a new stake in shares of Ceva in the fourth quarter valued at approximately $10,420,000. Finally, Oaktop Capital Management II L.P. bought a new position in Ceva in the 2nd quarter worth approximately $21,051,000. Institutional investors own 85.37% of the company’s stock.

More Ceva News

Here are the key news stories impacting Ceva this week:

• Positive Sentiment: Quarterly results exceeded estimates: Ceva reported second-quarter EPS of $0.08 versus the $0.07 consensus estimate, while revenue reached $29.03 million, above expectations of $28.19 million. Revenue increased 13% year over year to its highest level in three years for licensing and related revenue, supported by demand for artificial intelligence and connectivity products. Ceva Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Insider buying provides a modest confidence signal: Executives, including CEO Amir Panush and CFO Yaniv Arieli, purchased shares in the past six months, with no reported insider sales. Institutional activity was mixed, although State Street and BlackRock increased their holdings in the latest reported quarter. Ceva Trading and Institutional Activity
• Neutral Sentiment: Analyst targets remain above the current trading range: Six analysts recently published targets with a median of $45, ranging from $36 to $55. However, these targets may not reflect updated post-earnings guidance or changing market expectations.
• Negative Sentiment: Profitability remains a concern: Despite the EPS beat, Ceva posted a negative net margin of 10.47% and negative return on equity of 3.42%. Analysts collectively expect a full-year loss of approximately $0.21 per share, which may be weighing on the stock despite stronger revenue growth. Ceva Shares Slip Despite Earnings Beat

About Ceva

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.