$0.27 EPS Expected for CEVA, Inc. (CEVA) This Quarter

Wall Street analysts expect CEVA, Inc. (NASDAQ:CEVA) to post $0.27 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for CEVA’s earnings, with the highest EPS estimate coming in at $0.29 and the lowest estimate coming in at $0.25. CEVA reported earnings of $0.25 per share during the same quarter last year, which would suggest a positive year over year growth rate of 8%. The business is scheduled to issue its next earnings results before the market opens on Wednesday, February 13th.

On average, analysts expect that CEVA will report full year earnings of $0.58 per share for the current financial year, with EPS estimates ranging from $0.56 to $0.59. For the next financial year, analysts forecast that the firm will report earnings of $0.79 per share, with EPS estimates ranging from $0.70 to $0.98. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow CEVA.

CEVA (NASDAQ:CEVA) last announced its quarterly earnings data on Thursday, November 8th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. The company had revenue of $21.40 million for the quarter, compared to analysts’ expectations of $21.37 million. CEVA had a net margin of 1.84% and a return on equity of 1.08%. CEVA’s revenue was down 10.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 EPS.

Several equities analysts have issued reports on CEVA shares. BidaskClub raised shares of CEVA from a “sell” rating to a “hold” rating in a research note on Tuesday, November 20th. ValuEngine cut shares of CEVA from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 2nd. Zacks Investment Research cut shares of CEVA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 15th. Finally, Canaccord Genuity boosted their price objective on shares of CEVA from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, October 16th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. CEVA presently has a consensus rating of “Buy” and a consensus target price of $37.29.

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of CEVA during the 2nd quarter worth $192,000. GSA Capital Partners LLP acquired a new position in shares of CEVA during the 2nd quarter worth $221,000. BlueMountain Capital Management LLC grew its stake in shares of CEVA by 93.6% during the 2nd quarter. BlueMountain Capital Management LLC now owns 8,689 shares of the semiconductor company’s stock worth $262,000 after purchasing an additional 4,201 shares during the period. First Republic Investment Management Inc. grew its stake in shares of CEVA by 28.4% during the 2nd quarter. First Republic Investment Management Inc. now owns 10,954 shares of the semiconductor company’s stock worth $331,000 after purchasing an additional 2,423 shares during the period. Finally, Ontario Teachers Pension Plan Board acquired a new position in shares of CEVA during the 3rd quarter worth $415,000. 89.09% of the stock is currently owned by institutional investors and hedge funds.

CEVA traded up $0.72 during trading on Friday, hitting $26.74. The stock had a trading volume of 164,964 shares, compared to its average volume of 212,666. The stock has a market capitalization of $559.61 million, a P/E ratio of 33.43, a P/E/G ratio of 6.91 and a beta of 1.43. CEVA has a twelve month low of $20.40 and a twelve month high of $48.85.

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 programmable digital signal processor (DSP) cores and application-specific platforms for imaging, computer vision, deep learning, sound, voice, and audio processing; and long range wireless technologies for LTE/5G baseband processing in IoT, handsets, and infrastructure, as well as short range wireless platforms for Wi-Fi and Bluetooth.

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