In yesterday’s Wall Street session, CEVA Inc. (NASDAQ:CEVA) shares traded at $29.30, down -4.22% from the previous session.
7 analysts cover CEVA Inc. (NASDAQ:CEVA), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $45.00 and a low of $32.00, we find $40.00. Given the previous closing price of $30.59, this indicates a potential upside of 30.76 percent. CEVA stock price is now -8.10% away from the 50-day moving average and -4.46% away from the 200-day moving average. The market capitalization of the company currently stands at $716.38M.
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The stock has received a hold rating from 1 analysts and a buy rating from 5. Brokers who have rated the stock have averaged $39.00 as their price target over the next twelve months.
With the price target enhanced from $50 to $60, Rosenblatt Upgraded its rating from Neutral to Buy for CEVA Inc. (NASDAQ: CEVA). On June 23, 2021, Rosenblatt recently initiated its ‘Neutral’ rating on the stock quoting a target price of $50, while ‘Northland Capital’ rates the stock as ‘Outperform’.
In other news, SILVER LOUIS, Director sold 6,104 shares of the company’s stock on Jun 14. The stock was sold for $201,127 at an average price of $32.95. Upon completion of the transaction, the Director now directly owns 31,904 shares in the company, valued at $0.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 16, Chief Operating Officer Boukaya Michael sold 2,331 shares of the business’s stock. A total of $79,254 was realized by selling the stock at an average price of $34.00. This leaves the insider owning 13,263 shares of the company worth $0.39 million. Insiders disposed of 15,331 shares of company stock worth roughly $0.45 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CEVA stock. A new stake in CEVA Inc. shares was purchased by MILLENNIUM MANAGEMENT LLC during the first quarter worth $770,000. ENGINEERS GATE MANAGER LP invested $608,000 in shares of CEVA during the first quarter. In the first quarter, CUBIST SYSTEMATIC STRATEGIES, LLC acquired a new stake in CEVA Inc. valued at approximately $419,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in CEVA for approximately $326,000. EVERENCE CAPITAL MANAGEMENT INC purchased a new stake in CEVA valued at around $251,000 in the second quarter. In total, there are 239 active investors with 89.60% ownership of the company’s stock.
On Friday morning CEVA Inc. (NASDAQ: CEVA) stock kicked off with the opening price of $30.77. During the past 12 months, CEVA Inc. has had a low of $23.71 and a high of $42.25. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 5.30, and a quick ratio of 5.30. The fifty day moving average price for CEVA is $31.95 and a two-hundred day moving average price translates $30.63 for the stock.
The latest earnings results from CEVA Inc. (NASDAQ: CEVA) was released for Sep, 2022. According to the Semiconductors Company, earnings per share came in at $0.2, inline with analysts’ expectations of $0.2. This compares to $0.17 EPS in the same period last year. The net profit margin was -17.20% and return on equity was -8.70% for CEVA. The company reported revenue of $33.4 million for the quarter, compared to $34.06 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.92 percent. For the current quarter, analysts expect CEVA to generate $32.37M in revenue.
CEVA Inc.(CEVA) Company Profile
CEVA, Inc. operates as a licensor of wireless connectivity and smart sensing technologies to semiconductor and original equipment manufacturer (OEM) companies worldwide. It designs and licenses various digital signal processors, AI processors, wireless platforms, and complementary software for sensor fusion, image enhancement, computer vision, voice input, and artificial intelligence (AI). The company licenses a family of wireless connectivity and smart sensing technologies, and integrated IP solutions, including DSP-based platforms for 5G baseband processing in mobile, IoT, and infrastructure; imaging and computer vision for any camera-enabled devices; audio/voice/speech and ultra-low power always-on/sensing applications for multiple IoT markets; sensor fusion software and inertial measurement unit solutions for hearables, wearables, AR/VR, PC, robotics, remote controls, and IoT; and wireless IoT for Bluetooth, Wi-Fi 4/5/6/6E, Ultra-wideband (UWB), and NB-IoT. Its technologies are licensed to companies, which design, manufacture, market, and sell application-specific integrated circuits and application-specific standard products to mobile, consumer, automotive, robotics, industrial, aerospace and defense, and IoT companies for incorporation into various end products. The company delivers its DSP cores, platforms, and AI processors in the form of a hardware description language definition; and offers development platforms, software development kits, and software debug tools that facilitate system design, debug, and software development. The company licenses its technology through a direct sales force. The company was formerly known as ParthusCeva, Inc. and changed its name to CEVA, Inc. in December 2003. CEVA, Inc. was incorporated in 1999 and is headquartered in Rockville, Maryland.
