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

CEVA, Inc. (NASDAQ:CEVA) has earned an average recommendation of “Buy” from the five analysts that are presently covering the company, Marketbeat Ratings reports. Five equities 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 analysts have commented on the company. Northland Securities upped their price objective on CEVA from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday. Roth Mkm boosted their price objective on shares of CEVA from $25.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, November 8th. StockNews.com downgraded shares of CEVA from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Rosenblatt Securities lifted their price objective on CEVA from $28.00 to $35.00 and gave the company a “buy” rating in a report on Friday, November 8th.

CEVA Price Performance

Shares of NASDAQ:CEVA opened at $31.11 on Monday. CEVA has a 1-year low of $16.02 and a 1-year high of $33.44. The stock has a market cap of $735.04 million, a P/E ratio of -222.20 and a beta of 1.27. The firm has a fifty day moving average price of $27.90 and a 200 day moving average price of $23.82.

Institutional Trading of CEVA

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

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.