Ceva (NASDAQ:CEVA) Buy Rating Maintained Today By The Benchmark Company; The Target is $40

May 9, 2018 - By Marguerite Chambers

CEVA, Inc. (NASDAQ:CEVA) Logo

Investors sentiment decreased to 0.93 in 2017 Q4. Its down 0.98, from 1.91 in 2017Q3. It is negative, as 22 investors sold CEVA, Inc. shares while 48 reduced holdings. 21 funds opened positions while 44 raised stakes. 18.39 million shares or 0.87% more from 18.23 million shares in 2017Q3 were reported.

Eagle Asset holds 79,404 shares. Barclays Public Limited Com owns 3,482 shares for 0% of their portfolio. State Of Tennessee Treasury Department holds 0% or 17,309 shares. Van Eck Corp holds 0% in CEVA, Inc. (NASDAQ:CEVA) or 5,635 shares. Congress Asset Mgmt Ma, a Massachusetts-based fund reported 171,625 shares. Victory Inc invested 0% of its portfolio in CEVA, Inc. (NASDAQ:CEVA). Sector Pension Board, a Quebec – Canada-based fund reported 13,417 shares. State Street holds 0% of its portfolio in CEVA, Inc. (NASDAQ:CEVA) for 632,349 shares. Grp has invested 0% of its portfolio in CEVA, Inc. (NASDAQ:CEVA). Millennium Management Ltd Liability Corporation invested 0% in CEVA, Inc. (NASDAQ:CEVA). Weiss Multi holds 30,088 shares. Oberweis Asset Mgmt accumulated 188,785 shares. Ranger Lp, Texas-based fund reported 602,256 shares. State Board Of Administration Of Florida Retirement has invested 0% of its portfolio in CEVA, Inc. (NASDAQ:CEVA). 113,491 are owned by Granahan Investment Mngmt Ma.

Since March 8, 2018, it had 0 insider buys, and 2 insider sales for $129,432 activity.

Ceva (NASDAQ:CEVA) Rating Reaffirmed

In a note shared with investors this morning, The Benchmark Company restate their Buy rating on Ceva (NASDAQ:CEVA) shares. The target would suggest a possible upside of 33.11 % from firm’s last price.

CEVA, Inc. (NASDAQ:CEVA) Ratings Coverage

Among 4 analysts covering Ceva (NASDAQ:CEVA), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Ceva has $53.0 highest and $50.0 lowest target. $51’s average target is 69.72% above currents $30.05 stock price. Ceva had 4 analyst reports since December 6, 2017 according to SRatingsIntel. The rating was initiated by Canaccord Genuity on Friday, February 9 with “Buy”. The stock has “Perform” rating by Oppenheimer on Wednesday, January 24. The stock of CEVA, Inc. (NASDAQ:CEVA) has “Buy” rating given on Wednesday, December 6 by Roth Capital.

The stock decreased 12.26% or $4.2 during the last trading session, reaching $30.05. About 688,512 shares traded or 356.33% up from the average. CEVA, Inc. (NASDAQ:CEVA) has risen 3.29% since May 10, 2017 and is uptrending. It has underperformed by 8.26% the S&P500.

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 $667.73 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 40.07 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.

More notable recent CEVA, Inc. (NASDAQ:CEVA) news were published by: Prnewswire.com which released: “REMINDER: CEVA, Inc. First Quarter 2018 Earnings Release and Conference Call Scheduled for May 9” on April 12, 2018, also Prnewswire.com with their article: “CEVA, Inc. Schedules First Quarter 2018 Earnings Release and Conference Call” published on April 10, 2018, Seekingalpha.com published: “CEVA’s (CEVA) CEO Gideon Wertheizer on Q1 2018 Results – Earnings Call Transcript” on May 09, 2018. More interesting news about CEVA, Inc. (NASDAQ:CEVA) were released by: Nasdaq.com and their article: “Mid-Morning Market Update: Markets Open Higher; Walmart Eyes Indian Market With $16 Billion Investment In Flipkart” published on May 09, 2018 as well as Seekingalpha.com‘s news article titled: “CEVA, Inc. 2018 Q1 – Results – Earnings Call Slides” with publication date: May 09, 2018.

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

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