Wall Street brokerages forecast that CEVA, Inc. (NASDAQ:CEVA) will report earnings of $0.02 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for CEVA’s earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.03. CEVA reported earnings per share of $0.04 during the same quarter last year, which would suggest a negative year-over-year growth rate of 50%. The company is expected to issue its next quarterly earnings report before the market opens on Thursday, August 8th.
On average, analysts expect that CEVA will report full-year earnings of $0.34 per share for the current fiscal year, with EPS estimates ranging from $0.23 to $0.42. For the next year, analysts anticipate that the firm will report earnings of $0.64 per share, with EPS estimates ranging from $0.45 to $0.85. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow CEVA.
CEVA (NASDAQ:CEVA) last posted its quarterly earnings results on Monday, May 6th. The semiconductor company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). CEVA had a net margin of 0.59% and a return on equity of 0.88%. The business had revenue of $17.00 million during the quarter, compared to the consensus estimate of $17.65 million. During the same quarter last year, the company posted $0.04 EPS. The firm’s revenue was down 3.4% on a year-over-year basis.
Hedge funds have recently bought and sold shares of the business. Penserra Capital Management LLC increased its position in shares of CEVA by 70.4% in the first quarter. Penserra Capital Management LLC now owns 3,000 shares of the semiconductor company’s stock worth $80,000 after purchasing an additional 1,239 shares during the period. Roubaix Capital LLC bought a new position in shares of CEVA in the first quarter worth $2,887,000. Dimensional Fund Advisors LP increased its position in shares of CEVA by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 724,329 shares of the semiconductor company’s stock worth $16,001,000 after purchasing an additional 13,401 shares during the period. Two Sigma Advisers LP increased its position in shares of CEVA by 6.3% in the fourth quarter. Two Sigma Advisers LP now owns 104,987 shares of the semiconductor company’s stock worth $2,319,000 after purchasing an additional 6,189 shares during the period. Finally, United Services Automobile Association increased its position in shares of CEVA by 16.9% in the fourth quarter. United Services Automobile Association now owns 27,667 shares of the semiconductor company’s stock worth $611,000 after purchasing an additional 4,000 shares during the period. Hedge funds and other institutional investors own 85.12% of the company’s stock.
CEVA traded up $0.12 during trading hours on Monday, reaching $25.41. The company’s stock had a trading volume of 80,389 shares, compared to its average volume of 91,801. CEVA has a 52 week low of $20.40 and a 52 week high of $32.90. The company’s 50-day simple moving average is $24.29. The firm has a market cap of $555.73 million, a price-to-earnings ratio of 281.00 and a beta of 1.64.
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.
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