News articles about CEVA (NASDAQ:CEVA) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CEVA earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 45.5430212637467 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- CEVA, Inc. (CEVA) Expected to Post Quarterly Sales of $21.60 Million (americanbankingnews.com)
- CEVA, Inc. – Value Analysis (NASDAQ:CEVA) : August 17, 2017 (finance.yahoo.com)
- $0.18 EPS Expected for CEVA, Inc. (CEVA) This Quarter (americanbankingnews.com)
- Has $1.42 Million Position in United Continental Holdings, Inc. (UAL) (topactu.net)
A number of equities analysts have recently commented on CEVA shares. Canaccord Genuity boosted their price target on CEVA from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. Benchmark Co. boosted their price objective on CEVA from $42.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, June 5th. Oppenheimer Holdings, Inc. boosted their price objective on CEVA from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. BidaskClub lowered CEVA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Finally, Roth Capital upped their price target on CEVA from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $44.71.
Shares of CEVA (CEVA) traded up 0.37% on Friday, hitting $40.70. The stock had a trading volume of 66,245 shares. The company has a 50 day moving average price of $44.69 and a 200-day moving average price of $40.00. CEVA has a 12 month low of $28.15 and a 12 month high of $48.67. The stock has a market cap of $893.93 million, a PE ratio of 53.84 and a beta of 0.63.
CEVA (NASDAQ:CEVA) last issued its earnings results on Thursday, August 3rd. The semiconductor company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. The business had revenue of $20.57 million for the quarter, compared to the consensus estimate of $19.66 million. CEVA had a net margin of 20.52% and a return on equity of 8.24%. The company’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 EPS. On average, equities research analysts anticipate that CEVA will post $1.14 earnings per share for the current year.
In other news, Director Peter Mcmanamon sold 1,497 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $45.00, for a total transaction of $67,365.00. Following the transaction, the director now directly owns 264,054 shares in the company, valued at $11,882,430. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gideon Wertheizer sold 898 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $42.25, for a total transaction of $37,940.50. Following the transaction, the chief executive officer now owns 81,783 shares in the company, valued at $3,455,331.75. The disclosure for this sale can be found here. Insiders sold a total of 15,467 shares of company stock worth $659,375 over the last 90 days. Insiders own 3.90% of the company’s stock.
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CEVA Company Profile
CEVA, Inc (CEVA) is a licensor of signal processing intellectual property (IP). The Company partners with semiconductor companies and original equipment manufacturers (OEMs) to create connected devices for a range of end markets, including mobile, consumer, automotive, industrial and Internet of things (IoT).
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