StockNews.com Downgrades CEVA (NASDAQ:CEVA) to Hold

CEVA (NASDAQ:CEVA) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

CEVA has been the subject of a number of other reports. Rosenblatt Securities lifted their price target on shares of CEVA from $28.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Oppenheimer raised their price objective on shares of CEVA from $29.00 to $33.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Finally, Roth Mkm upped their target price on CEVA from $25.00 to $40.00 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 four have given a buy rating to the stock. According to data from MarketBeat.com, CEVA has an average rating of “Moderate Buy” and a consensus target price of $34.00.

CEVA Stock Down 1.1 %

Shares of CEVA opened at $27.38 on Friday. The business has a fifty day moving average of $24.53 and a 200 day moving average of $21.87. The company has a market cap of $646.91 million, a PE ratio of -195.57 and a beta of 1.20. CEVA has a 52-week low of $16.02 and a 52-week high of $30.00.

Institutional Trading of CEVA

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets grew its position in shares of CEVA by 22.4% during the 1st quarter. BNP Paribas Financial Markets now owns 35,910 shares of the semiconductor company’s stock worth $816,000 after buying an additional 6,580 shares in the last quarter. Swiss National Bank grew its holdings in CEVA by 5.0% during the 1st quarter. Swiss National Bank now owns 46,500 shares of the semiconductor company’s stock worth $1,056,000 after acquiring an additional 2,200 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new position in CEVA during the 1st quarter worth about $245,000. Vanguard Group Inc. increased its position in CEVA by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 2,969,107 shares of the semiconductor company’s stock valued at $67,428,000 after purchasing an additional 62,734 shares during the period. Finally, Acadian Asset Management LLC raised its stake in CEVA by 67.9% in the first quarter. Acadian Asset Management LLC now owns 523,614 shares of the semiconductor company’s stock worth $11,887,000 after buying an additional 211,697 shares in the last quarter. Hedge funds and other 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.