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 has been the topic of a number of research reports. Cowen reissued an “outperform” rating and issued a $35.00 price objective (up from $29.00) on shares of CEVA in a report on Friday, August 9th. Canaccord Genuity increased their price objective on CEVA from $30.00 to $35.00 and gave the company a “buy” rating in a report on Friday, August 9th. Barclays set a $27.00 price objective on CEVA and gave the company a “hold” rating in a report on Friday, August 9th. ValuEngine lowered CEVA from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research raised CEVA from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Friday. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. CEVA currently has an average rating of “Hold” and an average target price of $31.40.

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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Earnings History for CEVA (NASDAQ:CEVA)

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