CEVA, Inc. (NASDAQ:CEVA)‘s stock had its “buy” rating restated by equities research analysts at Barclays PLC in a report released on Wednesday. They presently have a $40.00 price objective on the stock. Barclays PLC’s price objective suggests a potential upside of 18.87% from the company’s current price.

Several other analysts also recently issued reports on CEVA. William Blair reissued a “market perform” rating on shares of CEVA in a research note on Wednesday. Benchmark Co. set a $36.00 price target on CEVA and gave the company a “buy” rating in a research note on Wednesday, September 28th. Roth Capital assumed coverage on CEVA in a research note on Wednesday, September 28th. They issued a “buy” rating and a $40.00 price target on the stock. Finally, Zacks Investment Research raised CEVA from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Tuesday, November 8th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. CEVA presently has an average rating of “Buy” and a consensus target price of $34.33.

Analyst Recommendations for CEVA (NASDAQ:CEVA)

CEVA (NASDAQ:CEVA) traded up 2.38% during trading on Wednesday, reaching $34.45. The company’s stock had a trading volume of 38,098 shares. CEVA has a 52-week low of $17.10 and a 52-week high of $36.81. The stock has a market cap of $731.37 million, a P/E ratio of 71.77 and a beta of 0.72. The firm’s 50-day moving average is $32.54 and its 200-day moving average is $31.22.

CEVA (NASDAQ:CEVA) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.02. CEVA had a return on equity of 5.75% and a net margin of 15.11%. The firm had revenue of $17.85 million for the quarter, compared to the consensus estimate of $17.67 million. During the same quarter last year, the business posted $0.22 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities research analysts forecast that CEVA will post $0.91 EPS for the current year.

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A number of institutional investors have recently bought and sold shares of CEVA. Municipal Employees Retirement System of Michigan boosted its position in CEVA by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,530 shares of the company’s stock worth $159,000 after buying an additional 70 shares during the last quarter. American International Group Inc. boosted its position in CEVA by 0.5% in the third quarter. American International Group Inc. now owns 14,860 shares of the company’s stock worth $521,000 after buying an additional 75 shares during the last quarter. Arizona State Retirement System boosted its position in CEVA by 1.0% in the second quarter. Arizona State Retirement System now owns 10,586 shares of the company’s stock worth $288,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in CEVA by 2.2% in the third quarter. Louisiana State Employees Retirement System now owns 9,300 shares of the company’s stock worth $326,000 after buying an additional 200 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its position in CEVA by 0.3% in the third quarter. Two Sigma Advisers LP now owns 76,728 shares of the company’s stock worth $2,691,000 after buying an additional 201 shares during the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.

CEVA Company Profile

CEVA, Inc (CEVA) is a licensor of signal processing intellectual property (IP). The Company partners with semiconductor companies and original equipment manufacturers (OEMs) to create connected devices for a range of end markets, including mobile, consumer, automotive, industrial and Internet of things (IoT).

5 Day Chart for NASDAQ:CEVA

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