CEVA (NASDAQ:CEVA) Earns Buy Rating from Rosenblatt Securities

CEVA (NASDAQ:CEVA)‘s stock had its “buy” rating reiterated by investment analysts at Rosenblatt Securities in a report released on Tuesday,Benzinga reports. They currently have a $35.00 price objective on the semiconductor company’s stock. Rosenblatt Securities’ price target would indicate a potential upside of 6.94% from the company’s current price.

CEVA has been the subject of a number of other research reports. Roth Mkm lifted their price target on CEVA from $25.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, November 8th. StockNews.com lowered shares of CEVA from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Northland Securities increased their price target on shares of CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, December 23rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, CEVA has an average rating of “Moderate Buy” and a consensus target price of $34.20.

CEVA Price Performance

CEVA opened at $32.73 on Tuesday. CEVA has a one year low of $16.02 and a one year high of $34.71. The firm has a market capitalization of $773.41 million, a P/E ratio of -233.77 and a beta of 1.25. The company has a fifty day moving average price of $32.32 and a 200-day moving average price of $27.02.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CEVA. US Bancorp DE boosted its position in shares of CEVA by 125.8% during the third quarter. US Bancorp DE now owns 1,398 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 779 shares in the last quarter. GAMMA Investing LLC boosted its holdings in CEVA by 338.9% in the third quarter. GAMMA Investing LLC now owns 1,457 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 1,125 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of CEVA in the fourth quarter worth $40,000. Point72 DIFC Ltd lifted its stake in shares of CEVA by 16.8% in the 3rd quarter. Point72 DIFC Ltd now owns 2,632 shares of the semiconductor company’s stock worth $64,000 after purchasing an additional 378 shares during the period. Finally, FMR LLC boosted its stake in shares of CEVA by 56.4% during the 3rd quarter. FMR LLC now owns 3,409 shares of the semiconductor company’s stock worth $82,000 after acquiring an additional 1,230 shares during the last quarter. 85.37% of the stock is owned by hedge funds and other institutional investors.

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.