CEVA, Inc. (NASDAQ:CEVA) shares were down NaN on Wednesday . The company traded as low as $41.85 and last traded at $0.00. Approximately 660,474 shares changed hands during mid-day trading, an increase of Infinity from the average daily volume of 0 shares.
A number of research analysts have weighed in on CEVA shares. Canaccord Genuity increased their target price on CEVA from $45.00 to $54.00 and gave the company a “buy” rating in a report on Friday, August 4th. Zacks Investment Research raised CEVA from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, October 3rd. BidaskClub downgraded CEVA from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Finally, Roth Capital increased their target price on CEVA from $47.00 to $53.00 and gave the company a “buy” rating in a report on Monday, July 31st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $46.71.
CEVA (NASDAQ:CEVA) last issued its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.08. The business had revenue of $24.00 million during the quarter, compared to analysts’ expectations of $21.56 million. CEVA had a return on equity of 8.24% and a net margin of 20.52%. The company’s revenue for the quarter was up 34.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 EPS.
Several hedge funds have recently modified their holdings of CEVA. Victory Capital Management Inc. lifted its holdings in shares of CEVA by 35.2% in the 1st quarter. Victory Capital Management Inc. now owns 3,249 shares of the semiconductor company’s stock valued at $115,000 after buying an additional 846 shares during the period. Pinebridge Investments L.P. raised its holdings in CEVA by 2.2% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,831 shares of the semiconductor company’s stock worth $128,000 after purchasing an additional 62 shares during the period. US Bancorp DE raised its holdings in CEVA by 9.2% in the 2nd quarter. US Bancorp DE now owns 3,727 shares of the semiconductor company’s stock worth $169,000 after purchasing an additional 313 shares during the period. State of Alaska Department of Revenue raised its holdings in CEVA by 80.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 4,237 shares of the semiconductor company’s stock worth $192,000 after purchasing an additional 1,887 shares during the period. Finally, Piedmont Investment Advisors LLC acquired a new position in CEVA in the 2nd quarter worth about $211,000. 86.91% of the stock is owned by institutional investors and hedge funds.
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CEVA, Inc (CEVA) is a licensor of signal processing intellectual property (IP). The Company partners with semiconductor companies and original equipment manufacturers (OEMs) to create connected devices for a range of end markets, including mobile, consumer, automotive, industrial and Internet of things (IoT).
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