CEVA’s (CEVA) Buy Rating Reaffirmed at Rosenblatt Securities

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

Other equities analysts also recently issued research reports about the company. StockNews.com cut CEVA from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Northland Securities upped their price objective on CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, December 23rd. Finally, Roth Mkm boosted their price objective on shares of CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, CEVA currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.

CEVA Price Performance

NASDAQ:CEVA opened at $32.73 on Tuesday. The firm has a market cap of $773.41 million, a price-to-earnings ratio of -233.77 and a beta of 1.25. CEVA has a 1-year low of $16.02 and a 1-year high of $34.71. The firm’s fifty day moving average price is $32.32 and its 200 day moving average price is $27.02.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Point72 DIFC Ltd lifted its holdings in shares of 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. Centaurus Financial Inc. raised its stake in shares of CEVA by 2.5% in the third quarter. Centaurus Financial Inc. now owns 18,083 shares of the semiconductor company’s stock worth $437,000 after acquiring an additional 433 shares during the last quarter. 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 purchasing an additional 779 shares during the last quarter. Tidal Investments LLC boosted its position in CEVA by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 18,260 shares of the semiconductor company’s stock valued at $441,000 after buying an additional 808 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of CEVA by 63.3% during the fourth 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 last quarter. 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.