CEVA (NASDAQ:CEVA) Price Target Raised to $35.00

by · The Markets Daily

CEVA (NASDAQ:CEVA – Free Report) had its price objective boosted by Northland Securities from $31.00 to $35.00 in a research note issued to investors on Monday,Benzinga reports. Northland Securities currently has an outperform rating on the semiconductor company’s stock.

CEVA has been the subject of several other reports. StockNews.com lowered CEVA from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Rosenblatt Securities raised their price objective on CEVA from $28.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Roth Mkm upped their target price on CEVA from $25.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, CEVA currently has an average rating of “Moderate Buy” and an average price target of $34.20.

Read Our Latest Analysis on CEVA

CEVA Stock Performance

CEVA stock opened at $32.27 on Monday. The company has a market capitalization of $762.44 million, a P/E ratio of -230.48 and a beta of 1.27. The company has a fifty day moving average price of $28.18 and a 200-day moving average price of $23.99. CEVA has a 52-week low of $16.02 and a 52-week high of $33.44.

Institutional Investors Weigh In On CEVA

Hedge funds have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of CEVA by 97.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 211,771 shares of the semiconductor company’s stock worth $5,114,000 after buying an additional 104,453 shares during the period. Jane Street Group LLC lifted its position in shares of CEVA by 206.2% during the 3rd quarter. Jane Street Group LLC now owns 137,061 shares of the semiconductor company’s stock valued at $3,310,000 after acquiring an additional 92,295 shares during the period. ArrowMark Colorado Holdings LLC acquired a new stake in CEVA in the third quarter worth $2,053,000. D.A. Davidson & CO. acquired a new stake in CEVA in the third quarter worth $1,343,000. Finally, Squarepoint Ops LLC bought a new stake in CEVA in the second quarter valued at $892,000. 85.37% of the stock is currently owned by institutional investors.

About CEVA

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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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