CEVA (NASDAQ:CEVA) Price Target Raised to $35.00 at Rosenblatt Securities

CEVA (NASDAQ:CEVA) had its target price hoisted by Rosenblatt Securities from $28.00 to $35.00 in a research note issued to investors on Friday morning,Benzinga reports. Rosenblatt Securities currently has a buy rating on the semiconductor company’s stock.

A number of other research firms have also recently commented on CEVA. StockNews.com raised shares of CEVA from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. Oppenheimer increased their price objective on shares of CEVA from $29.00 to $33.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Finally, Roth Mkm boosted their target price on shares of CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $34.00.

CEVA Trading Down 0.4 %

NASDAQ CEVA opened at $28.15 on Friday. CEVA has a 1 year low of $16.02 and a 1 year high of $30.00. The firm has a market capitalization of $666.87 million, a price-to-earnings ratio of -201.06 and a beta of 1.20. The firm’s 50 day simple moving average is $24.24 and its 200 day simple moving average is $21.71.

Institutional Trading of CEVA

A number of institutional investors and hedge funds have recently bought and sold shares of CEVA. Vanguard Group Inc. grew its position in shares of CEVA by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 2,969,107 shares of the semiconductor company’s stock valued at $67,428,000 after buying an additional 62,734 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in CEVA by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 835,131 shares of the semiconductor company’s stock valued at $16,110,000 after acquiring an additional 44,502 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in CEVA by 8.3% in the second quarter. Acadian Asset Management LLC now owns 566,880 shares of the semiconductor company’s stock valued at $10,931,000 after acquiring an additional 43,266 shares during the last quarter. Rice Hall James & Associates LLC increased its position in CEVA by 5.5% during the 3rd quarter. Rice Hall James & Associates LLC now owns 452,541 shares of the semiconductor company’s stock valued at $10,929,000 after purchasing an additional 23,566 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its holdings in CEVA by 1,693.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 321,602 shares of the semiconductor company’s stock worth $7,284,000 after purchasing an additional 303,673 shares during the last quarter. 85.37% of the stock is currently owned by institutional investors and hedge funds.

About CEVA

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.