The stock of CEVA, Inc. (NASDAQ:CEVA) is a huge mover today! About 257,136 shares traded hands or 83.33% up from the average. CEVA, Inc. (NASDAQ:CEVA) has risen 73.63% since March 8, 2016 and is uptrending. It has outperformed by 64.32% the S&P500.
The move comes after 5 months negative chart setup for the $671.26 million company. It was reported on Oct, 11 by Barchart.com. We have $29.63 PT which if reached, will make NASDAQ:CEVA worth $53.70 million less.
Analysts await CEVA, Inc. (NASDAQ:CEVA) to report earnings on November, 7. They expect $0.15 earnings per share, down 11.76% or $0.02 from last year’s $0.17 per share. CEVA’s profit will be $3.13 million for 53.68 P/E if the $0.15 EPS becomes a reality. After $0.14 actual earnings per share reported by CEVA, Inc. for the previous quarter, Wall Street now forecasts 7.14% EPS growth.
CEVA, Inc. (NASDAQ:CEVA) Ratings Coverage
Out of 10 analysts covering Ceva (NASDAQ:CEVA), 10 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Ceva has been the topic of 16 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Tuesday, November 10 by Benchmark. On Tuesday, November 3 the stock rating was maintained by Canaccord Genuity with “Buy”. Topeka Capital Markets maintained the stock with “Buy” rating in Monday, May 2 report. The rating was maintained by Wunderlich on Monday, November 2 with “Buy”. The firm has “Buy” rating given on Monday, November 2 by Topeka Capital Markets. As per Tuesday, November 10, the company rating was downgraded by Wunderlich. TH Capital initiated the stock with “Buy” rating in Thursday, September 29 report. The company was initiated on Thursday, October 15 by Ladenburg Thalmann. As per Tuesday, November 3, the company rating was maintained by Oppenheimer. On Friday, July 31 the stock rating was maintained by Canaccord Genuity with “Buy”.
According to Zacks Investment Research, “CEVA Inc is the leading licensor of DSP cores and integrated applications to the semiconductor industry. CEVA markets a portfolio of DSP IP in three integrated areas: CEVA DSPs; CEVA-Xpert Open Framework Environment; CEVA-Xpert Applications; supported by Xpert-Integration services.”
Insitutional Activity: The institutional sentiment increased to 1.32 in 2016 Q2. Its up 0.12, from 1.2 in 2016Q1. The ratio is positive, as 10 funds sold all CEVA, Inc. shares owned while 37 reduced positions. 22 funds bought stakes while 40 increased positions. They now own 15.30 million shares or 15.81% less from 18.17 million shares in 2016Q1.
Moreover, Rice Hall James Assoc Ltd Co has 0.77% invested in CEVA, Inc. (NASDAQ:CEVA) for 490,014 shares. Strs Ohio last reported 0% of its portfolio in the stock. Moreover, Legal And General Grp Inc Public Limited Com has 0% invested in CEVA, Inc. (NASDAQ:CEVA) for 3,902 shares. Gotham Asset Management Ltd Liability has invested 0% of its portfolio in CEVA, Inc. (NASDAQ:CEVA). Citigroup last reported 8,119 shares in the company. Teachers Retirement Systems Of The State Of Kentucky holds 0% of its portfolio in CEVA, Inc. (NASDAQ:CEVA) for 5,200 shares. Barclays Public Limited Liability has 59 shares for 0% of their US portfolio. Blackrock Institutional Na accumulated 0% or 555,187 shares. Kalmar Invests De holds 331,868 shares or 0.4% of its portfolio. New York State Common Retirement Fund accumulated 45,548 shares or 0% of the stock. New York State Teachers Retirement Sys holds 0% or 57,439 shares in its portfolio. Oberweis Asset Mgmt last reported 84,000 shares in the company. Ubs Asset Management Americas reported 14,799 shares or 0% of all its holdings. Northern Corporation last reported 0% of its portfolio in the stock. The Texas-based Dimensional Fund Advsrs Limited Partnership has invested 0.01% in CEVA, Inc. (NASDAQ:CEVA).
Insider Transactions: Since May 3, 2016, the stock had 0 buys, and 17 sales for $25.45 million net activity. $968,270 worth of shares were sold by Arieli Yaniv on Tuesday, May 24. WERTHEIZER GIDEON sold 8,684 shares worth $238,298. 26,000 CEVA, Inc. (NASDAQ:CEVA) shares with value of $681,495 were sold by SILVER LOUIS. On Wednesday, May 4 the insider OHANA ISSACHAR sold $673,003. MCMANAMON PETER sold 28,000 shares worth $736,680. Senvest Management – LLC also sold $3.98 million worth of CEVA, Inc. (NASDAQ:CEVA) on Tuesday, May 31. MANN BRUCE sold 1,796 shares worth $57,203.
More notable recent CEVA, Inc. (NASDAQ:CEVA) news were published by: Prnewswire.com which released: “CEVA, Inc. Schedules Third Quarter 2016 Earnings Release and Conference Call” on October 10, 2016, also Prnewswire.com with their article: “CEVA, Inc. Announces Second Quarter 2016 Financial Results” published on August 03, 2016, Prnewswire.com published: “CEVA, Inc. Announces Fourth Quarter and 2015 Financial Results” on February 03, 2016. More interesting news about CEVA, Inc. (NASDAQ:CEVA) were released by: Equitiesfocus.com and their article: “Analyst Revises CEVA, Inc. (NASDAQ:CEVA) Stock Target To $37.29” published on October 11, 2016 as well as Prnewswire.com‘s news article titled: “CEVA, Inc. Announces Third Quarter 2015 Financial Results” with publication date: November 02, 2015.
CEVA Company Profile
CEVA, Inc. (CEVA), incorporated on December 3, 2003, is a licensor of signal processing intellectual property (IP). The Firm 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). The Firm operates in the segment of licensing of intellectual property to semiconductor companies and electronic equipment manufacturers. CEVA addresses the requirements of the mobile, consumer, automotive, industrial and IoT markets by designing and licensing a range of application-specific signal processing platforms, which enable the design of solutions for developing a range of applications, including communications and connectivity, audio and voice, imaging and vision, and storage.
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