CEVA (CEVA) Earning Somewhat Favorable Media Coverage, Analysis Finds
Headlines about CEVA (NASDAQ:CEVA) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. CEVA earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the semiconductor company an impact score of 46.6999803225869 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s analysis:
- CEVA, Inc. (CEVA) Expected to Announce Quarterly Sales of $21.02 Million (americanbankingnews.com)
- CEVA, Inc. – Value Analysis (NASDAQ:CEVA) : December 6, 2017 (finance.yahoo.com)
- Companion Animal Health Care Market Segmentation level analysis report (reports.pr-inside.com)
- Semiconductor Intellectual Property Market: Pin-Point Analysis For Changing Competitive Dynamics (mynewsdesk.com)
- Texas Instruments (TXN) vs. CEVA (CEVA) Financial Comparison (americanbankingnews.com)
CEVA (NASDAQ CEVA) opened at $45.55 on Friday. CEVA has a twelve month low of $30.55 and a twelve month high of $51.80. The firm has a market capitalization of $1,000.41, a price-to-earnings ratio of 50.58, a PEG ratio of 2.96 and a beta of 0.74.
CEVA (NASDAQ:CEVA) last issued its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. CEVA had a return on equity of 9.02% and a net margin of 21.89%. The business had revenue of $24.00 million for the quarter, compared to the consensus estimate of $21.56 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. CEVA’s revenue for the quarter was up 34.1% compared to the same quarter last year. sell-side analysts expect that CEVA will post 0.77 earnings per share for the current fiscal year.
CEVA has been the topic of a number of recent research reports. Zacks Investment Research upgraded CEVA from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, October 3rd. Canaccord Genuity restated a “buy” rating and issued a $53.00 target price (down from $54.00) on shares of CEVA in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $46.71.
In related news, Director Eliyahu Ayalon sold 9,215 shares of CEVA stock in a transaction on Monday, November 13th. The stock was sold at an average price of $46.00, for a total transaction of $423,890.00. Following the completion of the sale, the director now owns 11,586 shares of the company’s stock, valued at $532,956. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Sven Christer Nilsson sold 27,285 shares of CEVA stock in a transaction on Monday, November 20th. The shares were sold at an average price of $47.50, for a total value of $1,296,037.50. Following the sale, the director now directly owns 28,282 shares of the company’s stock, valued at approximately $1,343,395. The disclosure for this sale can be found here. Insiders have sold 67,682 shares of company stock worth $3,257,929 in the last quarter. 3.90% of the stock is currently owned by corporate insiders.
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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