CEVA (NASDAQ:CEVA) Issues Earnings Results
CEVA (NASDAQ:CEVA) announced its quarterly earnings data on Thursday. The semiconductor company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.19, Briefing.com reports. The business had revenue of $23.50 million for the quarter, compared to analyst estimates of $22.72 million. CEVA had a return on equity of 1.12% and a net margin of 1.33%. The company’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.23 earnings per share.
Shares of NASDAQ CEVA traded down $1.96 during midday trading on Friday, hitting $26.79. The stock had a trading volume of 245,000 shares, compared to its average volume of 123,808. CEVA has a 1 year low of $20.40 and a 1 year high of $33.16. The company has a market capitalization of $619.63 million, a PE ratio of 243.55 and a beta of 1.49. The company has a quick ratio of 8.46, a current ratio of 8.46 and a debt-to-equity ratio of 0.03. The stock has a 50 day simple moving average of $28.79 and a 200-day simple moving average of $27.05.
In other CEVA news, Director Maria Marced sold 2,064 shares of CEVA stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $32.07, for a total transaction of $66,192.48. Following the completion of the sale, the director now directly owns 7,121 shares of the company’s stock, valued at approximately $228,370.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.80% of the company’s stock.
CEVA Company Profile
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 signal processing intellectual properties (IPs), including platforms for 5G baseband processing in handsets and base station RAN; integrated cellular IoT solutions; digital signal processor (DSP) platforms incorporating voice input algorithms and software for voice enabled devices; and DSP platforms for advanced imaging and computer vision in various camera-enabled devices, as well as a family of self-contained artificial intelligent (AI) processors that address a range of edge applications.
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