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

CEVA, Inc. (NASDAQ:CEVA) has been assigned an average recommendation of “Buy” from the five analysts that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $34.20.

CEVA has been the subject of a number of recent analyst reports. Rosenblatt Securities upped their price objective on CEVA from $28.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Northland Securities upped their price objective on CEVA from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, December 23rd. StockNews.com cut CEVA from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Roth Mkm upped their price target on CEVA from $25.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, November 8th.

Hedge Funds Weigh In On CEVA

Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of CEVA by 5.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 835,131 shares of the semiconductor company’s stock valued at $16,110,000 after purchasing an additional 44,502 shares during the last quarter. Geode Capital Management LLC increased its position in shares of CEVA by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 559,109 shares of the semiconductor company’s stock valued at $13,505,000 after purchasing an additional 3,649 shares during the last quarter. Rice Hall James & Associates LLC increased its position in shares of 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 last quarter. Charles Schwab Investment Management Inc. grew its position in CEVA by 8.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 222,962 shares of the semiconductor company’s stock worth $5,385,000 after acquiring an additional 16,463 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in CEVA by 97.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 211,771 shares of the semiconductor company’s stock worth $5,114,000 after acquiring an additional 104,453 shares during the last quarter. 85.37% of the stock is currently owned by institutional investors.

CEVA Price Performance

Shares of NASDAQ:CEVA opened at $34.18 on Friday. The company has a market capitalization of $807.67 million, a PE ratio of -244.13 and a beta of 1.24. The business has a fifty day moving average price of $31.00 and a two-hundred day moving average price of $25.65. CEVA has a 1 year low of $16.02 and a 1 year high of $34.46.

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.