CEVA (NASDAQ:CEVA)‘s stock had its “hold” rating reissued by equities research analysts at Northland Securities in a research report issued to clients and investors on Thursday, AnalystRatings.com reports. They presently have a $27.00 price target on the semiconductor company’s stock. Northland Securities’ price objective points to a potential upside of 15.88% from the company’s current price.

Other research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of CEVA from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 2nd. BidaskClub upgraded shares of CEVA from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. Canaccord Genuity restated a “buy” rating and issued a $35.00 price target (down previously from $41.00) on shares of CEVA in a research report on Wednesday, February 13th. Exane BNP Paribas downgraded shares of CEVA from an “outperform” rating to a “neutral” rating in a research report on Wednesday. Finally, BNP Paribas reiterated a “neutral” rating on shares of CEVA in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $33.43.

Shares of NASDAQ CEVA opened at $23.30 on Thursday. The company has a market capitalization of $511.97 million, a PE ratio of 211.82 and a beta of 1.74. CEVA has a 52-week low of $20.40 and a 52-week high of $36.80.

CEVA (NASDAQ:CEVA) last issued its quarterly earnings results on Wednesday, February 13th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.08. The firm had revenue of $21.40 million for the quarter, compared to the consensus estimate of $22.07 million. CEVA had a net margin of 0.74% and a return on equity of 1.00%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 EPS. Equities research analysts forecast that CEVA will post -0.08 earnings per share for the current fiscal year.

In related news, EVP Issachar Ohana sold 6,670 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $28.00, for a total transaction of $186,760.00. Following the transaction, the executive vice president now owns 34,616 shares in the company, valued at approximately $969,248. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in CEVA. Penserra Capital Management LLC lifted its position in shares of CEVA by 43.6% during the 4th quarter. Penserra Capital Management LLC now owns 1,761 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 535 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in shares of CEVA during the 4th quarter valued at $138,000. Metropolitan Life Insurance Co. NY lifted its position in shares of CEVA by 371.9% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,928 shares of the semiconductor company’s stock valued at $153,000 after acquiring an additional 5,460 shares during the period. Van ECK Associates Corp raised its holdings in CEVA by 18.7% during the fourth quarter. Van ECK Associates Corp now owns 8,100 shares of the semiconductor company’s stock worth $179,000 after buying an additional 1,277 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new position in CEVA during the fourth quarter worth $184,000. Institutional investors own 88.58% of the company’s stock.

CEVA Company Profile

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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Analyst Recommendations for CEVA (NASDAQ:CEVA)

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