CEVA (NASDAQ:CEVA) Reaches New 1-Year High – What’s Next?

CEVA, Inc. (NASDAQ:CEVA)’s share price reached a new 52-week high on Thursday . The company traded as high as $37.75 and last traded at $34.03, with a volume of 58814 shares. The stock had previously closed at $31.72.

Analyst Ratings Changes

Several analysts recently issued reports on CEVA shares. Rosenblatt Securities reissued a “buy” rating and issued a $35.00 target price on shares of CEVA in a research note on Tuesday. Barclays lifted their price objective on CEVA from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday. Roth Mkm upped their target price on CEVA from $25.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 8th. StockNews.com cut shares of CEVA from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Northland Securities upped their price objective 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 research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $35.17.

CEVA Stock Down 0.8 %

The business has a 50 day moving average price of $32.52 and a 200 day moving average price of $27.28.

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

Institutional Investors Weigh In On CEVA

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of CEVA in the 3rd quarter worth $296,000. GAMMA Investing LLC boosted its position in shares of CEVA by 338.9% during the third quarter. GAMMA Investing LLC now owns 1,457 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 1,125 shares during the last quarter. Creative Planning bought a new stake in CEVA in the 3rd quarter worth about $503,000. US Bancorp DE raised its position in CEVA by 125.8% in the 3rd quarter. US Bancorp DE now owns 1,398 shares of the semiconductor company’s stock worth $34,000 after buying an additional 779 shares during the last quarter. Finally, Rice Hall James & Associates LLC lifted its stake in CEVA by 5.5% during the 3rd quarter. Rice Hall James & Associates LLC now owns 452,541 shares of the semiconductor company’s stock valued at $10,929,000 after acquiring an additional 23,566 shares during the period. Institutional investors own 85.37% of the company’s stock.

CEVA Company Profile

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.