CEVA, Inc. (NASDAQ:CEVA) Given Average Recommendation of “Buy” by Analysts

CEVA, Inc. (NASDAQ:CEVA) has been given an average recommendation of “Buy” by the five brokerages that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have covered the stock in the last year is $34.20.

CEVA has been the topic of a number of recent analyst reports. Northland Securities raised their price target on CEVA from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, December 23rd. Rosenblatt Securities raised their price objective on CEVA from $28.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, November 8th. StockNews.com lowered CEVA from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Roth Mkm raised their price objective on CEVA from $25.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, November 8th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE grew its position in CEVA by 125.8% in the third quarter. US Bancorp DE now owns 1,398 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 779 shares in the last quarter. 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 period. Point72 DIFC Ltd purchased a new position in shares of CEVA during the second quarter valued at approximately $43,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of CEVA during the second quarter valued at approximately $65,000. Finally, FMR LLC boosted its position in shares of CEVA by 56.4% during the third quarter. FMR LLC now owns 3,409 shares of the semiconductor company’s stock valued at $82,000 after buying an additional 1,230 shares during the period. Hedge funds and other institutional investors own 85.37% of the company’s stock.

CEVA Stock Down 1.3 %

NASDAQ:CEVA opened at $33.33 on Friday. The business’s 50-day simple moving average is $30.88 and its two-hundred day simple moving average is $25.44. The stock has a market cap of $787.59 million, a PE ratio of -238.05 and a beta of 1.24. CEVA has a 52 week low of $16.02 and a 52 week high of $34.32.

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.