CEVA, Inc. (NASDAQ:CEVA) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Several other equities analysts have also recently weighed in on the company. Canaccord Genuity raised their price target on CEVA from $41.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, April 25th. Oppenheimer Holdings, Inc. raised their price target on CEVA from $37.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Benchmark Co. raised their price target on CEVA from $42.00 to $50.00 and gave the company a “buy” rating in a report on Monday, June 5th. Finally, Roth Capital raised their price target on CEVA from $47.00 to $53.00 and gave the company a “buy” rating in a report on Monday, July 31st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $44.71.

Shares of CEVA (NASDAQ:CEVA) opened at 43.20 on Wednesday. The company has a market cap of $931.09 million, a P/E ratio of 61.02 and a beta of 0.63. The stock’s 50 day moving average price is $45.97 and its 200-day moving average price is $39.49. CEVA has a 12 month low of $28.15 and a 12 month high of $48.67.

CEVA (NASDAQ:CEVA) last released its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $20.57 million during the quarter, compared to analysts’ expectations of $19.66 million. CEVA had a return on equity of 8.24% and a net margin of 20.52%. The firm’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. Equities research analysts expect that CEVA will post $1.14 earnings per share for the current year.

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In related news, CFO Yaniv Arieli sold 59,764 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $42.91, for a total transaction of $2,564,473.24. Following the completion of the sale, the chief financial officer now directly owns 52,249 shares of the company’s stock, valued at approximately $2,242,004.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gideon Wertheizer sold 30,332 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $42.50, for a total value of $1,289,110.00. Following the sale, the chief executive officer now directly owns 85,388 shares of the company’s stock, valued at $3,628,990. The disclosure for this sale can be found here. Insiders sold a total of 144,858 shares of company stock valued at $6,189,829 over the last ninety days. Corporate insiders own 3.90% of the company’s stock.

Large investors have recently modified their holdings of the company. Campbell Newman Asset Management Inc. raised its stake in shares of CEVA by 13.7% in the first quarter. Campbell Newman Asset Management Inc. now owns 11,225 shares of the semiconductor company’s stock worth $398,000 after buying an additional 1,352 shares in the last quarter. Skylands Capital LLC acquired a new stake in shares of CEVA during the first quarter worth about $1,727,000. Louisiana State Employees Retirement System raised its stake in shares of CEVA by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 8,600 shares of the semiconductor company’s stock worth $305,000 after buying an additional 100 shares in the last quarter. Navellier & Associates Inc raised its stake in shares of CEVA by 9.4% in the first quarter. Navellier & Associates Inc now owns 6,756 shares of the semiconductor company’s stock worth $240,000 after buying an additional 580 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. raised its stake in shares of CEVA by 102.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 83,046 shares of the semiconductor company’s stock worth $2,948,000 after buying an additional 41,928 shares in the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.

About CEVA

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).

Analyst Recommendations for CEVA (NASDAQ:CEVA)

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