CEVA, Inc. (NASDAQ:CEVA) Receives $34.20 Average PT from Analysts

Shares of CEVA, Inc. (NASDAQ:CEVA) have been given an average rating of “Buy” by the five brokerages that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $34.20.

A number of research analysts have weighed in on the stock. Rosenblatt Securities lifted their price target 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. StockNews.com cut shares of CEVA from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Roth Mkm increased their target price on CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Northland Securities boosted their price target on CEVA from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, December 23rd.

CEVA Price Performance

Shares of CEVA stock opened at $32.37 on Monday. CEVA has a one year low of $16.02 and a one year high of $33.44. The stock has a market cap of $764.81 million, a PE ratio of -231.20 and a beta of 1.27. The stock has a 50-day moving average of $28.66 and a 200-day moving average of $24.24.

Institutional Trading of CEVA

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

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.