2017 Q4 Sentiment Ceva Inc (NASDAQ:CEVA)

April 17, 2018 - By Marie Mckinney


Sentiment for Ceva Inc (NASDAQ:CEVA)

Ceva Inc (NASDAQ:CEVA) institutional sentiment decreased to 0.93 in Q4 2017. Its down -0.98, from 1.91 in 2017Q3. The ratio has dropped, as 65 investment professionals increased and opened new positions, while 70 sold and reduced their positions in Ceva Inc. The investment professionals in our partner’s database now hold: 18.39 million shares, up from 18.23 million shares in 2017Q3. Also, the number of investment professionals holding Ceva Inc in their top 10 positions was flat from 4 to 4 for the same number . Sold All: 22 Reduced: 48 Increased: 44 New Position: 21.

CEVA, Inc. licenses signal processing intellectual property technologies to semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, industrial, and Internet-of Things (IoT) markets worldwide. The company has market cap of $816.61 million. The firm licenses a family of programmable digital signal processor (DSP) cores and application-specific platforms for vision, imaging, and audio and voice, as well as long and short range wireless technologies, Wi-Fi, Bluetooth IPs, Serial ATA, and Serial Attached SCSI. It has a 49 P/E ratio. The Company’s technologies are licensed to semiconductor and OEM companies in the form of IP, which is used for the design, manufacture, market, and sale of application-specific integrated circuits and application-specific standard products to wireless, consumer electronics, and automotive companies for incorporation into a variety of end products.

The stock increased 1.10% or $0.4 during the last trading session, reaching $36.75. About 111,459 shares traded. CEVA, Inc. (NASDAQ:CEVA) has risen 3.29% since April 17, 2017 and is uptrending. It has underperformed by 8.26% the S&P500.

Analysts await CEVA, Inc. (NASDAQ:CEVA) to report earnings on May, 3. They expect $0.03 earnings per share, down 85.00 % or $0.17 from last year’s $0.2 per share. CEVA’s profit will be $666,618 for 306.25 P/E if the $0.03 EPS becomes a reality. After $0.15 actual earnings per share reported by CEVA, Inc. for the previous quarter, Wall Street now forecasts -80.00 % negative EPS growth.

Oaktop Capital Management Ii L.P. holds 6.9% of its portfolio in CEVA, Inc. for 743,836 shares. Awm Investment Company Inc. owns 712,558 shares or 6.38% of their US portfolio. Moreover, Herald Investment Management Ltd has 4.61% invested in the company for 318,382 shares. The Illinois-based Oberweis Asset Management Inc has invested 2.04% in the stock. Ranger Investment Management L.P., a Texas-based fund reported 602,256 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 2 insider sales for $129,432 activity.

CEVA, Inc. (NASDAQ:CEVA) Ratings Coverage

Ratings analysis reveals 80% of Ceva’s analysts are positive. Out of 5 Wall Street analysts rating Ceva, 4 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $50.0 while the high is $54. The stock’s average target of $51 is 38.78% above today’s ($36.75) share price. CEVA was included in 6 notes of analysts from November 1, 2017. The stock of CEVA, Inc. (NASDAQ:CEVA) has “Buy” rating given on Wednesday, November 1 by Benchmark. The firm has “Perform” rating given on Wednesday, January 24 by Oppenheimer. Roth Capital maintained the shares of CEVA in report on Wednesday, December 6 with “Buy” rating. The rating was initiated by Canaccord Genuity on Friday, February 9 with “Buy”. On Thursday, November 2 the stock rating was maintained by Canaccord Genuity with “Buy”.

CEVA, Inc. (NASDAQ:CEVA) Institutional Positions Chart

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