CEVA (NASDAQ:CEVA) Reaches New 12-Month High – What’s Next?

CEVA, Inc. (NASDAQ:CEVA) shares hit a new 52-week high during trading on Thursday . The company traded as high as $38.93 and last traded at $38.44, with a volume of 1003362 shares changing hands. The stock had previously closed at $32.50.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CEVA shares. Roth Mkm increased their price target on CEVA from $25.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, November 8th. StockNews.com cut CEVA from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Barclays increased their price target on CEVA from $34.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Rosenblatt Securities restated a “buy” rating and issued a $35.00 price objective on shares of CEVA in a report on Tuesday, February 11th. Finally, Northland Securities increased their price objective on CEVA from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, December 23rd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.60.

CEVA Price Performance

The firm has a market capitalization of $809.46 million, a price-to-earnings ratio of -92.59 and a beta of 1.25. The stock has a fifty day moving average of $33.21 and a two-hundred day moving average of $28.50.

CEVA (NASDAQ:CEVA) last issued its quarterly earnings results on Thursday, February 13th. The semiconductor company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.16). CEVA had a negative return on equity of 2.48% and a negative net margin of 8.22%. On average, research analysts forecast that CEVA, Inc. will post -0.12 EPS for the current year.

Institutional Trading of CEVA

Large investors have recently bought and sold shares of the business. US Bancorp DE grew its holdings in 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 acquiring an additional 779 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in CEVA during the 4th quarter worth about $40,000. Meeder Asset Management Inc. acquired a new stake in CEVA during the 4th quarter worth about $46,000. Point72 DIFC Ltd grew its holdings in CEVA by 16.8% during the 3rd quarter. Point72 DIFC Ltd now owns 2,632 shares of the semiconductor company’s stock worth $64,000 after acquiring an additional 378 shares during the period. Finally, GAMMA Investing LLC grew its holdings in CEVA by 63.3% during the 4th quarter. GAMMA Investing LLC now owns 2,379 shares of the semiconductor company’s stock worth $75,000 after acquiring an additional 922 shares during the period. 85.37% of the stock is currently owned by institutional investors and hedge funds.

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.