Cowen Reiterates Ceva (NASDAQ:CEVA) As a “Outperform”; They Now Have a Target Price Of $33

CEVA, Inc. (NASDAQ:CEVA) Logo

Investors sentiment decreased to 1.41 in Q3 2018. Its down 0.21, from 1.62 in 2018Q2. It fall, as 12 investors sold CEVA, Inc. shares while 32 reduced holdings. 14 funds opened positions while 48 raised stakes. 18.86 million shares or 1.82% more from 18.53 million shares in 2018Q2 were reported.

Ameritas Investment Partners Inc accumulated 0% or 1,882 shares. Amundi Pioneer Asset Management reported 0% in CEVA, Inc. (NASDAQ:CEVA). Principal Financial Grp invested in 177,887 shares or 0% of the stock. Jacobs Levy Equity Mngmt Inc holds 0% in CEVA, Inc. (NASDAQ:CEVA) or 7,530 shares. Great West Life Assurance Can owns 29,507 shares or 0% of their US portfolio. Prudential Financial has invested 0% in CEVA, Inc. (NASDAQ:CEVA). Voya Invest Mgmt Ltd owns 9,497 shares. Sei holds 0% or 5,885 shares. Thrivent For Lutherans holds 0.01% in CEVA, Inc. (NASDAQ:CEVA) or 111,204 shares. Teachers Retirement Sys Of The State Of Kentucky has invested 0% in CEVA, Inc. (NASDAQ:CEVA). Deutsche Bancshares Ag holds 46,511 shares. New York State Common Retirement Fund reported 0% in CEVA, Inc. (NASDAQ:CEVA). 1,951 are owned by Riverhead Mngmt Limited Liability. Gemmer Asset Mgmt Lc holds 0% in CEVA, Inc. (NASDAQ:CEVA) or 82 shares. Amer Intl Group stated it has 17,322 shares.

Ceva (NASDAQ:CEVA) Rating Reaffirmed

The broker has just set a target price of $33 on Ceva (NASDAQ:CEVA) shares. This is 15.42 % from the current stock price. In an analyst note made public on Thursday, 14 February, Cowen kept their “Outperform” rating on shares of CEVA.

The stock decreased 7.98% or $2.48 during the last trading session, reaching $28.59. About 423,474 shares traded or 155.79% up from the average. CEVA, Inc. (NASDAQ:CEVA) has declined 48.61% since February 14, 2018 and is downtrending. It has underperformed by 48.61% the S&P500.

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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 $626.19 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 519.82 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: Nasdaq.com which released: “European shares on the back foot ahead of eventful week – Nasdaq” on January 28, 2019, also Nasdaq.com with their article: “France’s CMA CGM launches offer to buy rest of CEVA Logistics shares – Nasdaq” published on January 28, 2019, Nasdaq.com published: “CRUS or CEVA: Which Is the Better Value Stock Right Now? – Nasdaq” on February 01, 2019. More interesting news about CEVA, Inc. (NASDAQ:CEVA) were released by: Nasdaq.com and their article: “DSV focused on going through with Panalpina takeover – Nasdaq” published on February 07, 2019 as well as Investingnews.com‘s news article titled: “5 Robotics ETFs for Investors – Investing News Network” with publication date: February 14, 2019.

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