Northland Securities Issues Positive Forecast for CEVA (NASDAQ:CEVA) Stock Price

CEVA (NASDAQ:CEVA) had its target price boosted by investment analysts at Northland Securities from $31.00 to $35.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the semiconductor company’s stock. Northland Securities’ price objective would indicate a potential upside of 8.46% from the stock’s current price.

CEVA has been the topic of several other reports. StockNews.com cut shares of CEVA from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Roth Mkm increased their price target on shares of CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Rosenblatt Securities upped their target price on shares of CEVA from $28.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CEVA currently has an average rating of “Moderate Buy” and an average price target of $34.20.

CEVA Stock Up 1.4 %

Shares of NASDAQ CEVA opened at $32.27 on Monday. The stock’s 50-day simple moving average is $28.03 and its two-hundred day simple moving average is $23.90. CEVA has a twelve month low of $16.02 and a twelve month high of $33.44. The firm has a market capitalization of $762.44 million, a P/E ratio of -230.48 and a beta of 1.27.

Institutional Investors Weigh In On CEVA

A number of hedge funds have recently made changes to their positions in CEVA. Jane Street Group LLC raised its position in CEVA by 206.2% in the 3rd quarter. Jane Street Group LLC now owns 137,061 shares of the semiconductor company’s stock worth $3,310,000 after purchasing an additional 92,295 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of CEVA by 8.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 222,962 shares of the semiconductor company’s stock valued at $5,385,000 after buying an additional 16,463 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of CEVA by 97.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 211,771 shares of the semiconductor company’s stock worth $5,114,000 after buying an additional 104,453 shares during the period. Stifel Financial Corp lifted its stake in shares of CEVA by 31.7% in the 3rd quarter. Stifel Financial Corp now owns 117,497 shares of the semiconductor company’s stock valued at $2,838,000 after acquiring an additional 28,248 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in CEVA during the 3rd quarter valued at about $263,000. 85.37% of the stock is currently owned by institutional investors.

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.