Equities analysts expect CEVA, Inc. (NASDAQ:CEVA) to announce earnings per share (EPS) of $0.21 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for CEVA’s earnings. The lowest EPS estimate is $0.19 and the highest is $0.27. CEVA reported earnings per share of $0.23 in the same quarter last year, which would indicate a negative year-over-year growth rate of 8.7%. The company is expected to announce its next earnings report before the market opens on Tuesday, February 18th.
According to Zacks, analysts expect that CEVA will report full-year earnings of $0.50 per share for the current year, with EPS estimates ranging from $0.47 to $0.56. For the next fiscal year, analysts expect that the company will post earnings of $0.42 per share, with EPS estimates ranging from $0.25 to $0.62. Zacks’ earnings per share averages are an average based on a survey of analysts that cover CEVA.
CEVA (NASDAQ:CEVA) last announced its earnings results on Thursday, November 7th. The semiconductor company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.19. CEVA had a positive return on equity of 0.94% and a negative net margin of 0.91%. The firm had revenue of $23.50 million during the quarter, compared to analysts’ expectations of $22.72 million. During the same quarter in the previous year, the business earned $0.23 EPS. The company’s quarterly revenue was up 9.8% on a year-over-year basis.
A number of equities analysts recently issued reports on CEVA shares. Zacks Investment Research upgraded CEVA from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Tuesday. BidaskClub cut CEVA from a “sell” rating to a “strong sell” rating in a report on Thursday, November 7th. Finally, ValuEngine upgraded CEVA from a “hold” rating to a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $31.40.
CEVA opened at $28.32 on Monday. The business has a fifty day moving average of $26.95 and a 200 day moving average of $28.12. CEVA has a 52-week low of $21.69 and a 52-week high of $33.16. The company has a quick ratio of 6.80, a current ratio of 6.80 and a debt-to-equity ratio of 0.03. The stock has a market cap of $634.94 million, a P/E ratio of 320.78 and a beta of 1.46.
Hedge funds have recently modified their holdings of the business. State Street Corp lifted its holdings in shares of CEVA by 0.7% in the 3rd quarter. State Street Corp now owns 690,186 shares of the semiconductor company’s stock worth $20,609,000 after buying an additional 4,663 shares during the period. Millennium Management LLC lifted its holdings in shares of CEVA by 741.8% in the 3rd quarter. Millennium Management LLC now owns 136,460 shares of the semiconductor company’s stock worth $4,074,000 after buying an additional 120,250 shares during the period. California Public Employees Retirement System lifted its holdings in shares of CEVA by 13.8% in the 3rd quarter. California Public Employees Retirement System now owns 52,117 shares of the semiconductor company’s stock worth $1,556,000 after buying an additional 6,336 shares during the period. Comerica Bank lifted its holdings in shares of CEVA by 2.0% in the 3rd quarter. Comerica Bank now owns 20,669 shares of the semiconductor company’s stock worth $584,000 after buying an additional 398 shares during the period. Finally, Penserra Capital Management LLC lifted its holdings in shares of CEVA by 21.0% in the 3rd quarter. Penserra Capital Management LLC now owns 26,895 shares of the semiconductor company’s stock worth $803,000 after buying an additional 4,671 shares during the period. Institutional investors and hedge funds own 82.75% of the company’s stock.
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 signal processing intellectual properties (IPs), including platforms for 5G baseband processing in handsets and base station RAN; integrated cellular IoT solutions; digital signal processor (DSP) platforms incorporating voice input algorithms and software for voice enabled devices; and DSP platforms for advanced imaging and computer vision in various camera-enabled devices, as well as a family of self-contained artificial intelligent (AI) processors that address a range of edge applications.
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