Press coverage about CEVA (NASDAQ:CEVA) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. CEVA earned a coverage optimism score of 0.00 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 55 out of 100, indicating that recent press coverage is somewhat likely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- CEVA, Inc. (NASDAQ:CEVA) Expected to Post Quarterly Sales of $19.57 Million (americanbankingnews.com)
- CEVA, Inc. (CEVA) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
- Embedded Computing Design announces 2017 Most Innovative Products (embedded-computing.com)
- Ceva Inc Up 37.0% Since SmarTrend Uptrend Call (CEVA) (mysmartrend.com)
- Brokerages Expect CEVA, Inc. (NASDAQ:CEVA) to Announce $0.18 Earnings Per Share (americanbankingnews.com)
A number of analysts have commented on the stock. Oppenheimer Holdings, Inc. raised their price objective on shares of CEVA from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. BidaskClub downgraded shares of CEVA from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Benchmark Co. raised their price objective on shares of CEVA from $42.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, June 5th. Canaccord Genuity raised their price objective on shares of CEVA from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Finally, Zacks Investment Research upgraded shares of CEVA from a “sell” rating to a “hold” rating in a research note on Tuesday, April 4th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $41.57.
Shares of CEVA (NASDAQ:CEVA) traded up 0.22% on Friday, hitting $46.20. The company’s stock had a trading volume of 53,083 shares. CEVA has a 52 week low of $28.15 and a 52 week high of $48.67. The firm has a market cap of $995.75 million, a price-to-earnings ratio of 65.25 and a beta of 0.63. The stock’s 50-day moving average price is $45.92 and its 200-day moving average price is $39.14.
CEVA (NASDAQ:CEVA) last announced its quarterly earnings results on Thursday, May 4th. The semiconductor company reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.09. The company had revenue of $21.30 million during the quarter, compared to analysts’ expectations of $20.98 million. CEVA had a return on equity of 7.99% and a net margin of 19.90%. The firm’s quarterly revenue was up 29.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 earnings per share. Equities analysts expect that CEVA will post $1.13 earnings per share for the current fiscal year.
In other news, CEO Gideon Wertheizer sold 898 shares of the company’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $42.25, for a total value of $37,940.50. Following the completion of the transaction, the chief executive officer now directly owns 81,783 shares in the company, valued at approximately $3,455,331.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Issachar Ohana sold 5,361 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $41.84, for a total value of $224,304.24. Following the completion of the sale, the executive vice president now directly owns 35,822 shares of the company’s stock, valued at approximately $1,498,792.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 150,219 shares of company stock valued at $6,414,133. 3.90% of the stock is owned by company insiders.
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CEVA Company Profile
CEVA, Inc (CEVA) is a licensor of signal processing intellectual property (IP). The Company 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).
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