CEVA, Inc. (CEVA) Rating Reiterated by William Blair
CEVA, Inc. (NASDAQ:CEVA)‘s stock had its “market perform” rating reiterated by stock analysts at William Blair in a note issued to investors on Wednesday.
A number of other analysts have also issued reports on CEVA. Benchmark Co. set a $36.00 price target on shares of CEVA and gave the stock a “buy” rating in a research note on Wednesday, September 14th. Roth Capital began coverage on shares of CEVA in a research note on Wednesday, September 28th. They issued a “buy” rating and a $40.00 price target for the company. Finally, Zacks Investment Research upgraded shares of CEVA from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Tuesday, November 8th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. CEVA presently has a consensus rating of “Buy” and an average price target of $34.33.
Shares of CEVA (NASDAQ:CEVA) traded up 2.08% during trading on Wednesday, reaching $34.35. 44,228 shares of the company’s stock were exchanged. CEVA has a 52 week low of $17.10 and a 52 week high of $36.81. The company’s 50-day moving average is $32.54 and its 200 day moving average is $31.22. The stock has a market capitalization of $729.25 million, a PE ratio of 71.56 and a beta of 0.72.
CEVA (NASDAQ:CEVA) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $17.85 million for the quarter, compared to analyst estimates of $17.67 million. CEVA had a net margin of 15.11% and a return on equity of 5.75%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 earnings per share. On average, analysts forecast that CEVA will post $0.91 earnings per share for the current year.
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Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its position in CEVA by 107.0% in the second quarter. BNP Paribas Arbitrage SA now owns 6,350 shares of the company’s stock worth $173,000 after buying an additional 3,283 shares in the last quarter. Capstone Asset Management Co. acquired a new position in CEVA during the second quarter worth approximately $250,000. Rice Hall James & Associates LLC increased its position in CEVA by 1.3% in the second quarter. Rice Hall James & Associates LLC now owns 490,014 shares of the company’s stock worth $13,314,000 after buying an additional 6,338 shares in the last quarter. Bank of New York Mellon Corp increased its position in CEVA by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 394,674 shares of the company’s stock worth $10,724,000 after buying an additional 13,357 shares in the last quarter. Finally, Emerald Acquisition Ltd. acquired a new position in CEVA during the second quarter worth approximately $4,789,000. 88.14% of the stock is owned by hedge funds and other institutional investors.
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).
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