Northland Securities Issues Positive Forecast for CEVA (NASDAQ:CEVA) Stock Price

CEVA (NASDAQ:CEVA) had its price target upped by investment analysts at Northland Securities from $31.00 to $35.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the semiconductor company’s stock. Northland Securities’ price objective points to a potential upside of 12.50% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Roth Mkm boosted their price objective on CEVA from $25.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 8th. StockNews.com lowered shares of CEVA from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Rosenblatt Securities raised their price objective on shares of CEVA from $28.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $34.20.

CEVA Price Performance

CEVA stock opened at $31.11 on Monday. CEVA has a 1 year low of $16.02 and a 1 year high of $33.44. The stock has a market capitalization of $735.04 million, a PE ratio of -222.20 and a beta of 1.27. The company’s 50-day moving average is $27.90 and its 200-day moving average is $23.82.

Hedge Funds Weigh In On CEVA

Hedge funds have recently bought and sold shares of the company. US Bancorp DE lifted its position in shares of CEVA by 125.8% during the third quarter. US Bancorp DE now owns 1,398 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 779 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of CEVA by 338.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,457 shares of the semiconductor company’s stock worth $35,000 after buying an additional 1,125 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of CEVA in the 2nd quarter worth approximately $43,000. nVerses Capital LLC purchased a new stake in shares of CEVA during the second quarter valued at approximately $50,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in CEVA during the second quarter worth $65,000. 85.37% of the stock is owned by hedge funds and other institutional investors.

CEVA Company Profile

CEVA, Inc provides silicon and software IP solutions to semiconductor and original equipment manufacturer (OEM) companies worldwide. Its 5G mobile and infrastructure products include Ceva-XC vector digital signal processors (DSPs) for 5G handsets, 5G RAN, and general-purpose baseband processing; PentaG-RAN, an open ran platform for base station and radio; and PentaG2 – 5G NR modem platform for UE, as well as for non-handset 5G vertical markets, such as fixed wireless access, industry 4.0, robotics, and AR/VR devices.