CEVA (NASDAQ:CEVA) Stock Price Expected to Rise, Barclays Analyst Says

CEVA (NASDAQ:CEVA) had its price target upped by stock analysts at Barclays from $34.00 to $40.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the semiconductor company’s stock. Barclays‘s price objective indicates a potential upside of 14.42% from the company’s current price.

Other analysts also recently issued research reports about the stock. Northland Securities raised their price objective on shares of CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, December 23rd. StockNews.com lowered CEVA from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Roth Mkm upped 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. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $35.00 target price on shares of CEVA in a research report on Tuesday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.17.

CEVA Stock Performance

NASDAQ:CEVA opened at $34.96 on Friday. The firm has a market capitalization of $826.10 million, a PE ratio of -249.70 and a beta of 1.25. The stock’s fifty day moving average is $32.42 and its 200 day moving average is $27.23. CEVA has a fifty-two week low of $16.02 and a fifty-two week high of $37.75.

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

Institutional Investors Weigh In On CEVA

A number of institutional investors and hedge funds have recently bought and sold shares of CEVA. US Bancorp DE grew its position in shares of CEVA by 125.8% during 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 in the last quarter. GAMMA Investing LLC lifted its stake 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 acquiring an additional 1,125 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in CEVA in the fourth quarter worth about $40,000. Meeder Asset Management Inc. bought a new position in CEVA during the 4th quarter worth about $46,000. Finally, Point72 DIFC Ltd increased its position in CEVA by 16.8% during the 3rd quarter. Point72 DIFC Ltd now owns 2,632 shares of the semiconductor company’s stock valued at $64,000 after purchasing an additional 378 shares during the period. 85.37% of the stock is owned by 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.