CEVA (NASDAQ:CEVA) had its price target lifted by Roth Capital from $50.00 to $60.00 in a report released on Monday, The Fly reports. Roth Capital currently has a buy rating on the semiconductor company’s stock.

Several other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of CEVA from a buy rating to a hold rating in a report on Tuesday, July 14th. Oppenheimer reaffirmed a hold rating on shares of CEVA in a report on Monday, May 11th. BidaskClub raised shares of CEVA from a hold rating to a buy rating in a report on Thursday, April 30th. ValuEngine downgraded shares of CEVA from a buy rating to a hold rating in a report on Friday, May 1st. Finally, Northland Securities downgraded shares of CEVA from an outperform rating to a market perform rating and set a $36.00 target price on the stock. in a report on Thursday, June 4th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $43.83.

Shares of CEVA stock opened at $42.63 on Monday. CEVA has a 1 year low of $20.45 and a 1 year high of $46.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 6.56 and a current ratio of 7.28. The company has a market capitalization of $1.00 billion, a P/E ratio of 609.00 and a beta of 1.38. The company’s fifty day moving average is $38.64 and its two-hundred day moving average is $32.03.

CEVA (NASDAQ:CEVA) last issued its quarterly earnings data on Monday, August 10th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.08. CEVA had a net margin of 1.58% and a return on equity of 2.20%. The company had revenue of $23.60 million for the quarter, compared to the consensus estimate of $20.78 million. During the same period last year, the firm posted $0.05 EPS. CEVA’s revenue for the quarter was up 28.3% on a year-over-year basis. As a group, equities analysts expect that CEVA will post -0.09 earnings per share for the current year.

In related news, EVP Issachar Ohana sold 2,581 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $36.00, for a total value of $92,916.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.81% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp raised its position in CEVA by 3.3% during the first quarter. State Street Corp now owns 760,143 shares of the semiconductor company’s stock worth $18,950,000 after acquiring an additional 24,461 shares during the last quarter. Baillie Gifford & Co. raised its position in CEVA by 0.9% during the first quarter. Baillie Gifford & Co. now owns 445,043 shares of the semiconductor company’s stock worth $11,095,000 after acquiring an additional 3,868 shares during the last quarter. Geode Capital Management LLC raised its position in CEVA by 3.4% during the first quarter. Geode Capital Management LLC now owns 317,450 shares of the semiconductor company’s stock worth $7,914,000 after acquiring an additional 10,576 shares during the last quarter. Candriam Luxembourg S.C.A. raised its position in CEVA by 4.9% during the second quarter. Candriam Luxembourg S.C.A. now owns 311,894 shares of the semiconductor company’s stock worth $11,672,000 after acquiring an additional 14,460 shares during the last quarter. Finally, Congress Asset Management Co. MA raised its position in CEVA by 2.3% during the second quarter. Congress Asset Management Co. MA now owns 210,495 shares of the semiconductor company’s stock worth $7,877,000 after acquiring an additional 4,797 shares during the last quarter. Hedge funds and other institutional investors own 79.23% 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 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.

Read More: Bollinger Bands

The Fly

Analyst Recommendations for CEVA (NASDAQ:CEVA)

Receive News & Ratings for CEVA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CEVA and related companies with MarketBeat.com's FREE daily email newsletter.