News articles about CEVA (NASDAQ:CEVA) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CEVA earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 46.1537995565956 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s rankings:
- CEVA (CEVA) Stock Rating Lowered by BidaskClub (americanbankingnews.com)
- CEVA (CEVA) Stock Rating Upgraded by BidaskClub (americanbankingnews.com)
- E-Commerce Logistics Market Outlook to 2025 – Kerry Logistics Network, CEVA Logistics, Clipper Logistics, United Parcel Service and DHL International (emailwire.com)
- Global spare parts logistics market to grow at a CAGR of 5.94% during the period 2018-2022 (itbusinessnet.com)
- CEVA Wins CEM Editor’s Choice Award for Breakthrough CEVA-X1 IoT Processor (finance.yahoo.com)
Several equities research analysts have commented on the stock. BidaskClub lowered shares of CEVA from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. Oppenheimer lowered shares of CEVA from an “outperform” rating to a “hold” rating in a research note on Wednesday, January 24th. They noted that the move was a valuation call. UBS lowered shares of CEVA from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 24th. Barclays dropped their price target on shares of CEVA from $54.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 7th. Finally, Canaccord Genuity assumed coverage on shares of CEVA in a research note on Friday, February 9th. They issued a “buy” rating and a $50.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. CEVA currently has an average rating of “Hold” and an average target price of $48.83.
CEVA (NASDAQ:CEVA) last announced its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. CEVA had a net margin of 19.46% and a return on equity of 7.82%. The company had revenue of $21.60 million for the quarter, compared to analyst estimates of $21.17 million. During the same quarter last year, the business earned $0.32 earnings per share. CEVA’s revenue was up 1.9% compared to the same quarter last year. sell-side analysts anticipate that CEVA will post 0.63 EPS for the current fiscal year.
In related news, EVP Issachar Ohana sold 768 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $41.50, for a total transaction of $31,872.00. Following the transaction, the executive vice president now owns 27,929 shares in the company, valued at $1,159,053.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is owned by company insiders.
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CEVA Company Profile
CEVA, Inc licenses signal processing platforms and artificial intelligence processors for semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, industrial, and Internet-of Things (IoT) markets worldwide. The company licenses a family of programmable digital signal processor (DSP) cores and application-specific platforms for imaging, computer vision, deep learning, sound, voice, and audio processing; and long range wireless technologies for LTE/5G baseband processing in IoT, handsets, and infrastructure, as well as short range wireless platforms for Wi-Fi and Bluetooth.
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