Brokerages predict that CEVA, Inc. (NASDAQ:CEVA) will report $22.33 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for CEVA’s earnings. The highest sales estimate is $22.99 million and the lowest is $22.00 million. CEVA posted sales of $21.60 million in the same quarter last year, which would indicate a positive year over year growth rate of 3.4%. The firm is expected to issue its next earnings report on Tuesday, February 5th.
On average, analysts expect that CEVA will report full-year sales of $78.82 million for the current financial year, with estimates ranging from $78.50 million to $79.46 million. For the next year, analysts expect that the business will post sales of $86.46 million, with estimates ranging from $84.40 million to $89.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow CEVA.
CEVA (NASDAQ:CEVA) last announced its quarterly earnings results on Thursday, November 8th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. CEVA had a net margin of 1.84% and a return on equity of 1.08%. The firm had revenue of $21.40 million for the quarter, compared to the consensus estimate of $21.37 million. During the same period in the prior year, the firm posted $0.36 earnings per share. The company’s revenue for the quarter was down 10.8% on a year-over-year basis.
Several institutional investors have recently modified their holdings of CEVA. Principal Financial Group Inc. grew its holdings in shares of CEVA by 4.0% in the first quarter. Principal Financial Group Inc. now owns 181,006 shares of the semiconductor company’s stock worth $6,552,000 after purchasing an additional 6,939 shares during the last quarter. Alps Advisors Inc. bought a new position in shares of CEVA in the second quarter worth approximately $529,000. Piedmont Investment Advisors LLC bought a new position in shares of CEVA in the second quarter worth approximately $156,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of CEVA by 1,398.8% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 30,770 shares of the semiconductor company’s stock worth $929,000 after purchasing an additional 28,717 shares during the last quarter. Finally, Rice Hall James & Associates LLC grew its holdings in shares of CEVA by 10.9% in the second quarter. Rice Hall James & Associates LLC now owns 644,003 shares of the semiconductor company’s stock worth $19,449,000 after purchasing an additional 63,136 shares during the last quarter. Hedge funds and other institutional investors own 89.15% of the company’s stock.
NASDAQ CEVA traded down $1.50 on Thursday, reaching $25.08. 103,992 shares of the company’s stock traded hands, compared to its average volume of 157,523. CEVA has a 12 month low of $23.01 and a 12 month high of $49.75. The stock has a market capitalization of $569.24 million, a P/E ratio of 31.35, a PEG ratio of 13.92 and a beta of 1.35.
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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