Equities analysts predict that CEVA, Inc. (NASDAQ:CEVA) will announce $17.87 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for CEVA’s earnings. The highest sales estimate is $19.10 million and the lowest is $17.00 million. CEVA reported sales of $17.57 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.7%. The company is expected to report its next earnings results before the market opens on Monday, May 6th.
On average, analysts expect that CEVA will report full-year sales of $79.77 million for the current financial year, with estimates ranging from $79.50 million to $80.00 million. For the next financial year, analysts anticipate that the company will report sales of $90.65 million, with estimates ranging from $85.94 million to $96.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for CEVA.
CEVA (NASDAQ:CEVA) last posted its quarterly earnings data on Wednesday, February 13th. The semiconductor company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.08. CEVA had a net margin of 0.74% and a return on equity of 1.00%. The company had revenue of $21.40 million during the quarter, compared to analyst estimates of $22.07 million. During the same quarter last year, the firm posted $0.25 EPS. The business’s revenue for the quarter was down .9% on a year-over-year basis.
In other CEVA news, EVP Issachar Ohana sold 6,670 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $28.00, for a total value of $186,760.00. Following the completion of the transaction, the executive vice president now directly owns 34,616 shares in the company, valued at $969,248. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.00% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Roubaix Capital LLC acquired a new position in shares of CEVA in the first quarter worth about $2,887,000. Legal & General Group Plc boosted its holdings in shares of CEVA by 6.8% in the third quarter. Legal & General Group Plc now owns 46,776 shares of the semiconductor company’s stock worth $1,342,000 after buying an additional 2,986 shares during the period. Vanguard Group Inc boosted its holdings in shares of CEVA by 1.8% in the third quarter. Vanguard Group Inc now owns 2,262,434 shares of the semiconductor company’s stock worth $65,044,000 after buying an additional 40,886 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of CEVA by 6.3% in the fourth quarter. Two Sigma Advisers LP now owns 104,987 shares of the semiconductor company’s stock worth $2,319,000 after buying an additional 6,189 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in shares of CEVA in the fourth quarter worth about $1,588,000. Institutional investors own 88.58% of the company’s stock.
NASDAQ:CEVA opened at $28.31 on Tuesday. CEVA has a twelve month low of $20.40 and a twelve month high of $37.65. The stock has a market cap of $632.30 million, a PE ratio of 257.36 and a beta of 1.74.
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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