Brokerages expect CEVA, Inc. (NASDAQ:CEVA) to post earnings of $0.16 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for CEVA’s earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.17. CEVA posted earnings per share of $0.23 during the same quarter last year, which suggests a negative year-over-year growth rate of 30.4%. The business is scheduled to report its next quarterly earnings report before the market opens on Thursday, November 7th.

According to Zacks, analysts expect that CEVA will report full year earnings of $0.41 per share for the current year, with EPS estimates ranging from $0.40 to $0.42. For the next year, analysts forecast that the company will report earnings of $0.69 per share, with EPS estimates ranging from $0.52 to $0.90. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for CEVA.

CEVA (NASDAQ:CEVA) last posted its earnings results on Thursday, August 8th. The semiconductor company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.14. The firm had revenue of $18.40 million for the quarter, compared to the consensus estimate of $17.41 million. CEVA had a net margin of 1.33% and a return on equity of 1.12%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.04 earnings per share.

Several equities analysts have commented on the stock. Cowen reissued an “outperform” rating and set a $35.00 target price (up from $29.00) on shares of CEVA in a research report on Friday, August 9th. ValuEngine downgraded shares of CEVA from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. BidaskClub downgraded shares of CEVA from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. Canaccord Genuity increased their target price on shares of CEVA from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Northland Securities reissued a “hold” rating and set a $28.00 target price on shares of CEVA in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $31.40.

In other CEVA news, Director Maria Marced sold 2,064 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $32.07, for a total transaction of $66,192.48. Following the completion of the sale, the director now directly owns 7,121 shares in the company, valued at $228,370.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.80% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in CEVA. US Bancorp DE boosted its holdings in CEVA by 976.6% during the second quarter. US Bancorp DE now owns 1,658 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 1,504 shares during the period. Bank of Montreal Can boosted its holdings in CEVA by 324.6% during the second quarter. Bank of Montreal Can now owns 2,412 shares of the semiconductor company’s stock valued at $58,000 after acquiring an additional 1,844 shares during the period. Tyers Asset Management LLC boosted its holdings in CEVA by 10.4% during the second quarter. Tyers Asset Management LLC now owns 3,552 shares of the semiconductor company’s stock valued at $87,000 after acquiring an additional 336 shares during the period. Elkfork Partners LLC boosted its holdings in CEVA by 10.4% during the second quarter. Elkfork Partners LLC now owns 4,884 shares of the semiconductor company’s stock valued at $119,000 after acquiring an additional 462 shares during the period. Finally, Meadow Creek Investment Management LLC boosted its holdings in CEVA by 10.4% during the second quarter. Meadow Creek Investment Management LLC now owns 6,216 shares of the semiconductor company’s stock valued at $151,000 after acquiring an additional 588 shares during the period. Institutional investors own 83.65% of the company’s stock.

CEVA stock traded up $0.21 during mid-day trading on Monday, hitting $27.91. 54,741 shares of the company’s stock were exchanged, compared to its average volume of 124,030. The company has a current ratio of 8.46, a quick ratio of 8.46 and a debt-to-equity ratio of 0.03. The stock has a market cap of $626.88 million, a P/E ratio of 253.73 and a beta of 1.55. CEVA has a 1-year low of $20.40 and a 1-year high of $33.16. The stock has a 50 day moving average of $30.12 and a two-hundred day moving average of $26.99.

About CEVA

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 signal processing intellectual properties (IPs), including platforms for 5G baseband processing in handsets and base station RAN; integrated cellular IoT solutions; digital signal processor (DSP) platforms incorporating voice input algorithms and software for voice enabled devices; and DSP platforms for advanced imaging and computer vision in various camera-enabled devices, as well as a family of self-contained artificial intelligent (AI) processors that address a range of edge applications.

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