CEVA, Inc. (NASDAQ:CEVA)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $24.70 and last traded at $24.72, with a volume of 4834 shares changing hands. The stock had previously closed at $24.81.

A number of equities analysts have issued reports on CEVA shares. Zacks Investment Research cut shares of CEVA from a “hold” rating to a “sell” rating in a research note on Friday, August 10th. BidaskClub raised shares of CEVA from a “sell” rating to a “hold” rating in a research note on Saturday, August 11th. Barclays reduced their price objective on shares of CEVA from $40.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 8th. Roth Capital reduced their price objective on shares of CEVA from $44.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, August 8th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $36.00 price objective on shares of CEVA in a research note on Tuesday, August 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $38.00.

The stock has a market capitalization of $633.40 million, a price-to-earnings ratio of 30.99, a price-to-earnings-growth ratio of 20.54 and a beta of 1.12.

CEVA (NASDAQ:CEVA) last announced its quarterly earnings results on Tuesday, August 7th. The semiconductor company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The firm had revenue of $17.49 million for the quarter, compared to the consensus estimate of $18.95 million. CEVA had a return on equity of 2.43% and a net margin of 5.87%. As a group, sell-side analysts expect that CEVA, Inc. will post 0.07 EPS for the current fiscal year.

In other news, Director Maria Marced sold 2,770 shares of CEVA stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $29.50, for a total transaction of $81,715.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.00% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP lifted its position in CEVA by 813.1% in the 1st quarter. Quantbot Technologies LP now owns 3,351 shares of the semiconductor company’s stock valued at $121,000 after acquiring an additional 2,984 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in CEVA in the 2nd quarter valued at $156,000. SG Americas Securities LLC acquired a new stake in CEVA in the 2nd quarter valued at $192,000. WINTON GROUP Ltd acquired a new stake in CEVA in the 1st quarter valued at $203,000. Finally, GSA Capital Partners LLP acquired a new stake in CEVA in the 2nd quarter valued at $221,000. 86.73% of the stock is currently owned by institutional investors and hedge funds.

CEVA Company Profile (NASDAQ:CEVA)

CEVA, Inc licenses signal processing platforms and artificial intelligence processors for semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, industrial, and Internet-of Things (IoT) markets worldwide. The company licenses a family of programmable digital signal processor (DSP) cores and application-specific platforms for imaging, computer vision, deep learning, sound, voice, and audio processing; and long range wireless technologies for LTE/5G baseband processing in IoT, handsets, and infrastructure, as well as short range wireless platforms for Wi-Fi and Bluetooth.

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