CEVA, Inc. (NASDAQ:CEVA – Get Free Report) Director Louis Silver sold 4,520 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $30.98, for a total transaction of $140,029.60. Following the transaction, the director now owns 47,038 shares in the company, valued at approximately $1,457,237.24. This trade represents a 8.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
CEVA Stock Performance
Shares of CEVA stock traded down $0.57 during trading on Tuesday, reaching $30.08. The company’s stock had a trading volume of 12,139 shares, compared to its average volume of 160,747. The firm has a market cap of $716.11 million, a price-to-earnings ratio of -81.30 and a beta of 1.32. The business’s fifty day moving average price is $33.03 and its 200-day moving average price is $29.17. CEVA, Inc. has a one year low of $16.02 and a one year high of $38.94.
CEVA (NASDAQ:CEVA – Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The semiconductor company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.16). CEVA had a negative net margin of 8.22% and a negative return on equity of 2.48%. Sell-side analysts anticipate that CEVA, Inc. will post -0.12 EPS for the current year.
Institutional Trading of CEVA
Analyst Upgrades and Downgrades
Several research firms have commented on CEVA. Rosenblatt Securities reissued a “buy” rating and set a $35.00 target price on shares of CEVA in a research report on Tuesday, February 11th. Northland Securities increased their price objective on CEVA from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, December 23rd. Finally, Barclays boosted their target price on CEVA from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, CEVA has a consensus rating of “Moderate Buy” and a consensus target price of $36.60.
Check Out Our Latest Stock Report on CEVA
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.
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