CEVA, Inc. (NASDAQ:CEVA) Given Average Recommendation of “Buy” by Brokerages

CEVA, Inc. (NASDAQ:CEVA) has earned an average recommendation of “Buy” from the five analysts that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have covered the stock in the last year is $34.20.

Several equities analysts have recently commented on CEVA shares. StockNews.com lowered shares of CEVA from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Roth Mkm upped their target price on shares of CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Rosenblatt Securities lifted their price target on CEVA from $28.00 to $35.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Northland Securities boosted their price objective on CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, December 23rd.

Institutional Trading of CEVA

Hedge funds and other institutional investors have recently made changes to their positions in the business. US Bancorp DE raised its holdings in shares of CEVA by 125.8% during the third quarter. US Bancorp DE now owns 1,398 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 779 shares during the period. GAMMA Investing LLC raised its stake in CEVA by 338.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,457 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 1,125 shares during the period. Point72 DIFC Ltd acquired a new stake in CEVA during the 2nd quarter valued at $43,000. nVerses Capital LLC purchased a new stake in shares of CEVA in the second quarter valued at $50,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of CEVA in the second quarter worth $65,000. 85.37% of the stock is currently owned by institutional investors.

CEVA Stock Down 2.4 %

Shares of CEVA stock opened at $32.37 on Monday. The company has a market cap of $764.81 million, a P/E ratio of -231.20 and a beta of 1.27. The business has a 50 day moving average of $28.66 and a two-hundred day moving average of $24.19. CEVA has a 52 week low of $16.02 and a 52 week high of $33.44.

CEVA Company Profile

CEVA, Inc provides silicon and software IP solutions to semiconductor and original equipment manufacturer (OEM) companies worldwide. Its 5G mobile and infrastructure products include Ceva-XC vector digital signal processors (DSPs) for 5G handsets, 5G RAN, and general-purpose baseband processing; PentaG-RAN, an open ran platform for base station and radio; and PentaG2 – 5G NR modem platform for UE, as well as for non-handset 5G vertical markets, such as fixed wireless access, industry 4.0, robotics, and AR/VR devices.