Wall Street brokerages expect CEVA, Inc. (NASDAQ:CEVA – Get Rating) to report sales of $34.66 million for the current quarter, Zacks reports. Three analysts have made estimates for CEVA’s earnings, with the highest sales estimate coming in at $35.08 million and the lowest estimate coming in at $34.40 million. CEVA reported sales of $30.46 million in the same quarter last year, which indicates a positive year over year growth rate of 13.8%. The company is scheduled to announce its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that CEVA will report full-year sales of $143.27 million for the current fiscal year, with estimates ranging from $142.00 million to $144.00 million. For the next fiscal year, analysts expect that the company will report sales of $161.91 million, with estimates ranging from $160.00 million to $165.00 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow CEVA.
CEVA (NASDAQ:CEVA – Get Rating) last issued its earnings results on Tuesday, May 10th. The semiconductor company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $34.39 million for the quarter, compared to analysts’ expectations of $32.70 million. CEVA had a return on equity of 2.51% and a net margin of 1.77%. The business’s revenue was up 35.4% compared to the same quarter last year. During the same period last year, the business posted ($0.13) earnings per share.
In other news, EVP Issachar Ohana sold 6,000 shares of CEVA stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $38.68, for a total transaction of $232,080.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Michael Boukaya sold 2,331 shares of CEVA stock in a transaction on Monday, May 16th. The stock was sold at an average price of $34.00, for a total transaction of $79,254.00. Following the sale, the chief operating officer now owns 13,263 shares of the company’s stock, valued at $450,942. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Prospera Financial Services Inc acquired a new position in CEVA during the first quarter valued at $26,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in CEVA by 130.3% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 760 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 430 shares in the last quarter. Signaturefd LLC increased its holdings in CEVA by 245.4% in the first quarter. Signaturefd LLC now owns 967 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 687 shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in CEVA in the fourth quarter valued at $43,000. Finally, National Bank of Canada FI purchased a new position in CEVA in the fourth quarter valued at $43,000. Institutional investors own 80.65% of the company’s stock.
CEVA stock traded up $0.37 during trading on Thursday, hitting $33.27. 131,135 shares of the company’s stock traded hands, compared to its average volume of 170,546. The firm has a market capitalization of $771.86 million, a P/E ratio of 332.70, a PEG ratio of 9.01 and a beta of 1.04. The business has a fifty day simple moving average of $36.86 and a two-hundred day simple moving average of $40.02. CEVA has a 1 year low of $31.08 and a 1 year high of $52.00.
CEVA Company Profile (Get Rating)
CEVA, Inc operates as a licensor of wireless connectivity and smart sensing technologies to semiconductor and original equipment manufacturer (OEM) companies worldwide. It designs and licenses various digital signal processors, AI processors, wireless platforms, and complementary software for sensor fusion, image enhancement, computer vision, voice input, and artificial intelligence (AI).
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