Analysts’ Recent Ratings Updates for CEVA (CEVA)

Several brokerages have updated their recommendations and price targets on shares of CEVA (NASDAQ: CEVA) in the last few weeks:

  • 12/1/2018 – CEVA was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 11/20/2018 – CEVA was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 11/15/2018 – CEVA was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “CEVA is the leading licensor of signal processing IP for a smarter, connected world. They partner with semiconductor companies and OEMs worldwide to create power-efficient, intelligent and connected devices for a range of end markets, including mobile, consumer, automotive, industrial and IoT. Their ultra-low-power IPs for vision, audio, communications and connectivity include comprehensive DSP-based platforms for LTE/LTE-A/5G baseband processing in handsets, infrastructure and machine-to-machine devices, advanced imaging, computer vision and deep learning for any camera-enabled device, audio/voice/speech and ultra-low power always-on/sensing applications for multiple IoT markets. “
  • 11/14/2018 – CEVA was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $29.00 price target on the stock. According to Zacks, “CEVA is the leading licensor of signal processing IP for a smarter, connected world. They partner with semiconductor companies and OEMs worldwide to create power-efficient, intelligent and connected devices for a range of end markets, including mobile, consumer, automotive, industrial and IoT. Their ultra-low-power IPs for vision, audio, communications and connectivity include comprehensive DSP-based platforms for LTE/LTE-A/5G baseband processing in handsets, infrastructure and machine-to-machine devices, advanced imaging, computer vision and deep learning for any camera-enabled device, audio/voice/speech and ultra-low power always-on/sensing applications for multiple IoT markets. “
  • 11/7/2018 – CEVA was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 11/1/2018 – CEVA was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/27/2018 – CEVA was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 10/16/2018 – CEVA had its price target raised by analysts at Canaccord Genuity from $36.00 to $40.00. They now have a “buy” rating on the stock.
  • 10/9/2018 – CEVA was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “CEVA is the leading licensor of signal processing IP for a smarter, connected world. They partner with semiconductor companies and OEMs worldwide to create power-efficient, intelligent and connected devices for a range of end markets, including mobile, consumer, automotive, industrial and IoT. Their ultra-low-power IPs for vision, audio, communications and connectivity include comprehensive DSP-based platforms for LTE/LTE-A/5G baseband processing in handsets, infrastructure and machine-to-machine devices, advanced imaging, computer vision and deep learning for any camera-enabled device, audio/voice/speech and ultra-low power always-on/sensing applications for multiple IoT markets. “

CEVA stock opened at $25.99 on Monday. CEVA, Inc. has a 52 week low of $23.01 and a 52 week high of $50.60. The firm has a market cap of $569.24 million, a P/E ratio of 32.49, a price-to-earnings-growth ratio of 13.92 and a beta of 1.35.

CEVA (NASDAQ:CEVA) last released its earnings results on Thursday, November 8th. The semiconductor company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. CEVA had a net margin of 1.84% and a return on equity of 1.08%. The company had revenue of $21.40 million for the quarter, compared to analyst estimates of $21.37 million. During the same quarter last year, the firm earned $0.36 EPS. The firm’s quarterly revenue was down 10.8% compared to the same quarter last year. On average, research analysts forecast that CEVA, Inc. will post 0.09 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of CEVA by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,262,434 shares of the semiconductor company’s stock valued at $65,044,000 after purchasing an additional 40,886 shares during the last quarter. Morgan Stanley grew its holdings in shares of CEVA by 2.5% during the 3rd quarter. Morgan Stanley now owns 1,123,495 shares of the semiconductor company’s stock valued at $32,301,000 after purchasing an additional 27,070 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of CEVA by 6.8% during the 3rd quarter. Legal & General Group Plc now owns 46,776 shares of the semiconductor company’s stock valued at $1,342,000 after purchasing an additional 2,986 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of CEVA by 11.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 462,239 shares of the semiconductor company’s stock valued at $13,288,000 after purchasing an additional 47,719 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of CEVA by 629.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 111,204 shares of the semiconductor company’s stock valued at $3,197,000 after purchasing an additional 95,960 shares during the last quarter. 89.15% of the stock is currently owned by institutional investors.

CEVA, Inc licenses signal processing platforms and artificial intelligence processors for semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, industrial, and Internet-of Things (IoT) markets worldwide. The company licenses a family of programmable digital signal processor (DSP) cores and application-specific platforms for imaging, computer vision, deep learning, sound, voice, and audio processing; and long range wireless technologies for LTE/5G baseband processing in IoT, handsets, and infrastructure, as well as short range wireless platforms for Wi-Fi and Bluetooth.

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