Roth Mkm Forecasts Strong Price Appreciation for CEVA (NASDAQ:CEVA) Stock

CEVA (NASDAQ:CEVA) had its price target hoisted by Roth Mkm from $25.00 to $40.00 in a research note published on Friday,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other analysts have also recently commented on the company. StockNews.com upgraded CEVA from a “hold” rating to a “buy” rating in a research report on Thursday, November 7th. Oppenheimer boosted their price target on shares of CEVA from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $28.00 price objective on shares of CEVA in a report on Thursday, October 31st. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $34.00.

CEVA Stock Down 0.4 %

CEVA stock opened at $28.15 on Friday. CEVA has a 52-week low of $16.02 and a 52-week high of $30.00. The firm has a market cap of $666.87 million, a P/E ratio of -201.06 and a beta of 1.20. The company’s 50-day simple moving average is $24.24 and its 200-day simple moving average is $21.71.

Institutional Trading of CEVA

A number of institutional investors have recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co grew its holdings in shares of CEVA by 1,693.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 321,602 shares of the semiconductor company’s stock worth $7,284,000 after buying an additional 303,673 shares in the last quarter. Acadian Asset Management LLC raised its holdings in CEVA by 67.9% in the 1st quarter. Acadian Asset Management LLC now owns 523,614 shares of the semiconductor company’s stock valued at $11,887,000 after acquiring an additional 211,697 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in CEVA by 97.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 211,771 shares of the semiconductor company’s stock worth $5,114,000 after purchasing an additional 104,453 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of CEVA by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 2,969,107 shares of the semiconductor company’s stock worth $67,428,000 after purchasing an additional 62,734 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of CEVA during the 2nd quarter worth approximately $892,000. 85.37% of the stock is owned by institutional investors and hedge funds.

About CEVA

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.