Ceva Inc. (NASDAQ:CEVA) shares rose 5.9% on Monday . The stock traded as high as $29.88 and last traded at $29.44, with a volume of 187,764 shares. The stock had previously closed at $27.81.

CEVA has been the subject of several recent analyst reports. Canaccord Genuity reissued a “buy” rating and set a $28.00 price objective on shares of Ceva in a report on Tuesday, March 29th. Topeka Capital Markets raised their price target on shares of Ceva from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, May 2nd. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Ceva in a research report on Monday, May 2nd. Finally, Zacks Investment Research downgraded shares of Ceva from a “hold” rating to a “sell” rating in a research report on Friday, May 6th. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $29.44.

The firm’s 50 day moving average is $27.00 and its 200 day moving average is $23.38. The stock has a market cap of $603.39 million and a PE ratio of 79.78.

Ceva (NASDAQ:CEVA) last announced its earnings results on Monday, May 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.01. During the same period last year, the firm posted $0.08 EPS. The company had revenue of $16.50 million for the quarter, compared to the consensus estimate of $16.21 million. The company’s revenue was up 19.6% compared to the same quarter last year. Analysts predict that Ceva Inc. will post $0.77 earnings per share for the current year.

In related news, major shareholder Senvest Management, Llc sold 121,268 shares of the business’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $27.24, for a total transaction of $3,303,340.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Louis Silver sold 26,000 shares of the business’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $26.21, for a total transaction of $681,460.00. Following the transaction, the director now directly owns 16,328 shares in the company, valued at approximately $427,956.88. The disclosure for this sale can be found here.

A number of institutional investors recently made changes to their positions in CEVA. EAM Investors LLC bought a new position in shares of Ceva during the fourth quarter worth about $1,108,000. California Public Employees Retirement System raised its position in shares of Ceva by 6.8% in the fourth quarter. California Public Employees Retirement System now owns 101,500 shares of the company’s stock worth $2,371,000 after buying an additional 6,500 shares during the period. First Trust Advisors LP bought a new position in shares of Ceva during the fourth quarter worth about $1,663,000. Finally, Russell Frank Co raised its position in shares of Ceva by 14.5% in the fourth quarter. Russell Frank Co now owns 88,979 shares of the company’s stock worth $2,122,000 after buying an additional 11,253 shares during the period.

CEVA, Inc is a licensor of cellular, multimedia and connectivity technologies to semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive and Internet of things (IoT) markets. The Company licenses a family of programmable digital signal processing (DSP) cores and application-specific platforms, vision, imaging, audio and voice, as well as communications technologies, including wireless and wired modems, Wi-Fi, Bluetooth, and Serial ATA (SATA) and Serial Attached SCSI (SAS).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.