Ceva Inc Sentiment Increases on Better Stock Potential

June 13, 2018 - By Louis Casey

CEVA, Inc. (NASDAQ:CEVA) Logo

Sentiment for Ceva Inc (NASDAQ:CEVA)

Ceva Inc (NASDAQ:CEVA) institutional sentiment increased to 1.4 in 2018 Q1. Its up 0.47, from 0.93 in 2017Q4. The ratio is positive, as 70 institutional investors started new and increased equity positions, while 50 decreased and sold positions in Ceva Inc. The institutional investors in our partner’s database now hold: 18.30 million shares, down from 18.39 million shares in 2017Q4. Also, the number of institutional investors holding Ceva Inc in their top 10 equity positions decreased from 4 to 3 for a decrease of 1. Sold All: 21 Reduced: 29 Increased: 52 New Position: 18.

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 $761.07 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 45.67 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 0.44% or $0.15 during the last trading session, reaching $34.25. About 5,835 shares traded. CEVA, Inc. (NASDAQ:CEVA) has declined 19.86% since June 13, 2017 and is downtrending. It has underperformed by 32.43% the S&P500.

Analysts await CEVA, Inc. (NASDAQ:CEVA) to report earnings on August, 2. They expect $-0.01 earnings per share, down 105.56 % or $0.19 from last year’s $0.18 per share. After $-0.08 actual earnings per share reported by CEVA, Inc. for the previous quarter, Wall Street now forecasts -87.50 % EPS growth.

Oaktop Capital Management Ii L.P. holds 5.64% of its portfolio in CEVA, Inc. for 743,836 shares. Awm Investment Company Inc. owns 712,558 shares or 4.97% of their US portfolio. Moreover, Herald Investment Management Ltd has 3.44% invested in the company for 318,382 shares. The Texas-based Ranger Investment Management L.P. has invested 1.54% in the stock. Oberweis Asset Management Inc, a Illinois-based fund reported 155,316 shares.

Since January 1, 0001, it had 0 insider purchases, and 3 insider sales for $180,432 activity.

CEVA, Inc. (NASDAQ:CEVA) Ratings Coverage

Ratings analysis reveals 75% of CEVA’s analysts are positive. Out of 4 Wall Street analysts rating CEVA, 3 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $43 while the high is $50.0. The stock’s average target of $47 is 37.23% above today’s ($34.25) share price. CEVA was included in 5 notes of analysts from January 24, 2018. The firm has “Buy” rating by Canaccord Genuity given on Friday, February 9. The stock of CEVA, Inc. (NASDAQ:CEVA) has “Perform” rating given on Wednesday, January 24 by Oppenheimer. Canaccord Genuity maintained CEVA, Inc. (NASDAQ:CEVA) on Thursday, May 10 with “Buy” rating.

More recent CEVA, Inc. (NASDAQ:CEVA) news were published by: Globes.Co.Il which released: “Ceva expands repurchase program to 1m shares” on May 23, 2018. Also Globenewswire.com published the news titled: “Report: Developing Opportunities within Griffon, CEVA, Approach Resources, XG Technology, Sotheby’s, and Home …” on May 18, 2018. Seekingalpha.com‘s news article titled: “Cowen semiconductor initiation roundup” with publication date: May 18, 2018 was also an interesting one.

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

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