$0.18 per share earnings expected for CEVA, Inc. (NASDAQ: CEVA) this quarter


Brokers expect CEVA, Inc. (NASDAQ:CEVA – Get Rating) to report earnings per share of $0.18 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates of CEVA’s earnings. The highest EPS estimate is $0.22 and the lowest is $0.14. CEVA reported earnings per share of $0.01 in the same quarter last year, suggesting a positive growth rate of 1,700% year over year. The company is expected to announce its next results before the market opens on Monday, January 1.

According to Zacks, analysts expect CEVA to report annual earnings of $0.83 per share for the current year, with EPS estimates ranging from $0.78 to $0.90. For next year, analysts expect the company to post earnings of $1.01 per share, with EPS estimates ranging from $0.90 to $1.15. Zacks Investment Research’s earnings per share averages are an average average based on a survey of sell-side research analysts who cover CEVA.

CEVA (NASDAQ:CEVA – Get Rating) last released its quarterly earnings data on Tuesday, February 15. The semiconductor company reported EPS of $0.12 for the quarter, beating the consensus estimate of $0.04 by $0.08. The company posted revenue of $34.10 million in the quarter, versus a consensus estimate of $32.68 million. CEVA had a net margin of 0.32% and a return on equity of 1.15%. The company’s quarterly revenue increased by 21.4% compared to the same quarter last year. In the same period a year earlier, the company posted earnings per share of $0.06.

Several brokerages have recently released reports on CEVA. Rosenblatt Securities upgraded CEVA shares from a “neutral” to a “buy” rating and raised its price target for the company from $50.00 to $60.00 in a Wednesday, Feb. 16 research report . StockNews.com began covering CEVA shares in a research report on Thursday, March 31. They set a “buy” rating on the stock. One financial analyst gave the stock a sell rating and six gave the stock a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $60.83.

NASDAQ:CEVA shares opened at $35.13 on Wednesday. The company has a market cap of $815.16 million, a price-to-earnings ratio of 3,513.00, a growth price-to-earnings ratio of 13.53, and a beta of 1.04. The company has a 50-day moving average price of $38.42 and a 200-day moving average price of $41.16. CEVA has a 12-month low of $32.45 and a 12-month high of $59.90.

Separately, Executive Vice President Issachar Ohana sold 6,000 shares of the company in a deal that took place on Wednesday, March 16. The shares were sold at an average price of $38.68, for a total value of $232,080.00. The sale was disclosed in a filing with the SEC, accessible via this link. 2.70% of the shares are currently held by insiders.

Several hedge funds and other institutional investors have recently changed their holdings in the company. Oppenheimer & Co. Inc. increased its stake in CEVA shares by 2.6% in the third quarter. Oppenheimer & Co. Inc. now owns 10,737 shares of the semiconductor company worth $458,000 after buying 270 more shares last quarter. Cim LLC increased its position in CEVA by 9.1% during the third quarter. Cim LLC now owns 4,314 shares of the semiconductor company valued at $208,000 after purchasing an additional 360 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its position in CEVA by 130.3% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 760 shares of the semiconductor company valued at $33,000 after purchasing an additional 430 shares during the period. Voya Investment Management LLC increased its position in CEVA by 2.3% during the third quarter. Voya Investment Management LLC now owns 22,171 shares of the semiconductor company valued at $946,000 after purchasing an additional 492 shares during the period. Finally, DE Shaw & Co. Inc. increased its position in CEVA by 7.0% during the fourth quarter. DE Shaw & Co. Inc. now owns 8,283 shares of the semiconductor company valued at $358,000 after purchasing an additional 543 shares during the period. Hedge funds and other institutional investors own 80.12% of the company’s shares.

CEVA company profile (Get an evaluation)

CEVA, Inc operates as a licensor of wireless connectivity and smart sensing technologies to semiconductor and original equipment manufacturer (OEM) companies worldwide. It designs and licenses various digital signal processors, AI processors, wireless platforms and complementary software for sensor fusion, image enhancement, computer vision, voice input and artificial intelligence ( AI).

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