Ceva (NASDAQ:CEVA) Given New $30.00 Price Target at Needham & Company LLC

Ceva (NASDAQ:CEVA) had its price objective trimmed by Needham & Company LLC from $43.00 to $30.00 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

Several other brokerages have also recently weighed in on CEVA. Rosenblatt Securities upped their target price on Ceva from $45.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. UBS Group cut their price target on Ceva from $48.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, November 2nd. Benchmark upgraded Ceva from a “hold” rating to a “strong-buy” rating in a report on Monday, September 14th. Wall Street Zen lowered shares of Ceva from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Oppenheimer lowered their price objective on shares of Ceva from $42.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

Ceva Stock Performance

Shares of NASDAQ:CEVA opened at $24.84 on Monday. The firm has a market cap of $699.25 million, a PE ratio of -62.10 and a beta of 1.98. The firm’s 50 day simple moving average is $30.44 and its 200-day simple moving average is $30.61. Ceva has a one year low of $17.02 and a one year high of $51.60.

Ceva (NASDAQ:CEVA) last announced its quarterly earnings data on Monday, November 9th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.06). The firm had revenue of $29.06 million during the quarter, compared to the consensus estimate of $32.71 million. Ceva had a negative return on equity of 3.15% and a negative net margin of 9.48%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the company earned $0.11 EPS. Equities research analysts predict that Ceva will post -0.17 EPS for the current fiscal year.

Institutional Trading of Ceva

A number of hedge funds have recently bought and sold shares of the stock. Sterling Capital Management LLC grew its stake in shares of Ceva by 492.6% during the third quarter. Sterling Capital Management LLC now owns 877 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 729 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Ceva by 7.6% during the first quarter. Sanctuary Advisors LLC now owns 11,003 shares of the semiconductor company’s stock valued at $206,000 after acquiring an additional 773 shares in the last quarter. Centaurus Financial Inc. raised its position in shares of Ceva by 3.0% in the 1st quarter. Centaurus Financial Inc. now owns 27,645 shares of the semiconductor company’s stock valued at $516,000 after purchasing an additional 800 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of Ceva in the 2nd quarter valued at approximately $49,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Ceva in the 2nd quarter valued at approximately $52,000. Hedge funds and other institutional investors own 85.37% of the company’s stock.

Key Stories Impacting Ceva

Here are the key news stories impacting Ceva this week:

• Positive Sentiment: Ceva expects fourth-quarter revenue of $34 million to $38 million, with smartphone modem royalties expected to increase. That outlook suggests a step-up from Q3 revenue of $29.06 million. Ceva expects Q4 revenue of $34M-$38M as smartphone modem royalties step up
• Positive Sentiment: Q3 royalty revenue grew 18% sequentially, and the company reported record AI licensing revenue—signs of momentum in its IP business. Ceva, Inc. Announces Third Quarter 2026 Financial Results
• Negative Sentiment: Q3 adjusted earnings of $0.13 per share missed estimates of roughly $0.18–$0.19. Revenue of $29.06 million also fell short of analysts’ expectations of about $32.7 million, although it was up 2.4% year over year. The results could weigh on sentiment despite the forward guidance. Ceva (CEVA) Lags Q3 Earnings and Revenue Estimates

Ceva Company Profile

Ceva, Inc is a semiconductor intellectual property (IP) company that develops and licenses technology used in connected devices. Rather than manufacturing chips, the company provides processor cores, software, and system-level IP that semiconductor companies and original equipment manufacturers can incorporate into their own products.

Its portfolio includes digital signal processor (DSP) cores and platforms for wireless communications, artificial intelligence, computer vision, audio and voice processing, imaging, and sensor applications.