CEVA, Inc. (NASDAQ:CEVA) Receives $34.20 Consensus Target Price from Brokerages

CEVA, Inc. (NASDAQ:CEVA) has received a consensus recommendation of “Buy” from the five analysts that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $34.20.

Several research analysts have issued reports on CEVA shares. Northland Securities lifted their target price on shares of CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday. StockNews.com cut CEVA from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Rosenblatt Securities boosted their target price on CEVA from $28.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Roth Mkm raised their price target on shares of CEVA from $25.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 8th.

Hedge Funds Weigh In On CEVA

A number of large investors have recently bought and sold shares of CEVA. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of CEVA by 97.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 211,771 shares of the semiconductor company’s stock worth $5,114,000 after buying an additional 104,453 shares during the last quarter. Jane Street Group LLC increased its position in shares of CEVA by 206.2% in the 3rd quarter. Jane Street Group LLC now owns 137,061 shares of the semiconductor company’s stock valued at $3,310,000 after acquiring an additional 92,295 shares during the period. ArrowMark Colorado Holdings LLC purchased a new position in CEVA in the 3rd quarter worth $2,053,000. D.A. Davidson & CO. purchased a new stake in CEVA during the 3rd quarter valued at about $1,343,000. Finally, Squarepoint Ops LLC acquired a new position in shares of CEVA in the second quarter valued at about $892,000. Institutional investors own 85.37% of the company’s stock.

CEVA Trading Up 1.4 %

CEVA stock opened at $32.27 on Monday. CEVA has a 12 month low of $16.02 and a 12 month high of $33.44. The business’s fifty day simple moving average is $28.18 and its two-hundred day simple moving average is $23.99. The company has a market capitalization of $762.44 million, a price-to-earnings ratio of -230.48 and a beta of 1.27.

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.