CEVA, Inc. (NASDAQ:CEVA) Director Maria Marced sold 2,064 shares of CEVA stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $32.07, for a total value of $66,192.48. Following the sale, the director now owns 7,121 shares in the company, valued at $228,370.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of CEVA stock traded down $0.03 during mid-day trading on Tuesday, hitting $32.11. The company’s stock had a trading volume of 2,186 shares, compared to its average volume of 122,646. CEVA, Inc. has a 52-week low of $20.40 and a 52-week high of $32.40. The business has a 50-day moving average price of $27.32 and a 200 day moving average price of $26.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.46 and a current ratio of 8.46. The stock has a market cap of $699.80 million, a price-to-earnings ratio of 291.36 and a beta of 1.65.
CEVA (NASDAQ:CEVA) last issued its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.14. CEVA had a return on equity of 1.12% and a net margin of 1.33%. The company had revenue of $18.40 million during the quarter, compared to analyst estimates of $17.41 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. CEVA’s revenue was up 5.1% compared to the same quarter last year. Equities research analysts predict that CEVA, Inc. will post -0.08 EPS for the current fiscal year.
Several equities research analysts recently weighed in on the company. BidaskClub upgraded CEVA from a “hold” rating to a “buy” rating in a research report on Friday. ValuEngine upgraded CEVA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th. Cowen reiterated an “outperform” rating and set a $35.00 price objective (up previously from $29.00) on shares of CEVA in a research note on Friday, August 9th. Barclays set a $27.00 price objective on CEVA and gave the company a “hold” rating in a research note on Friday, August 9th. Finally, Canaccord Genuity lifted their price objective on CEVA from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $32.20.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Uniplan Investment Counsel Inc. raised its stake in CEVA by 11.2% in the 2nd quarter. Uniplan Investment Counsel Inc. now owns 135,067 shares of the semiconductor company’s stock worth $3,288,000 after acquiring an additional 13,567 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its stake in CEVA by 259.0% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 97,796 shares of the semiconductor company’s stock worth $9,897,000 after acquiring an additional 70,556 shares during the last quarter. United Services Automobile Association raised its stake in CEVA by 56.0% in the 2nd quarter. United Services Automobile Association now owns 43,167 shares of the semiconductor company’s stock worth $1,051,000 after acquiring an additional 15,500 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in CEVA in the 2nd quarter worth $2,157,000. Finally, D. E. Shaw & Co. Inc. raised its stake in CEVA by 67.1% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 217,036 shares of the semiconductor company’s stock worth $5,285,000 after acquiring an additional 87,177 shares during the last quarter. 83.02% of the stock is owned by institutional investors.
CEVA Company Profile
CEVA, Inc licenses signal processing platforms and artificial intelligence processors for semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, industrial, and Internet-of-Things (IoT) markets worldwide. The company licenses a family of signal processing intellectual properties (IPs), including platforms for 5G baseband processing in handsets and base station RAN; integrated cellular IoT solutions; digital signal processor (DSP) platforms incorporating voice input algorithms and software for voice enabled devices; and DSP platforms for advanced imaging and computer vision in various camera-enabled devices, as well as a family of self-contained artificial intelligent (AI) processors that address a range of edge applications.
Receive News & Ratings for CEVA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CEVA and related companies with MarketBeat.com's FREE daily email newsletter.