CEVA (CEVA) was Reiterated by Wunderlich to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 36 from a previous price target of $33 . Wunderlich advised their investors in a research report released on Aug 3, 2016.
Many Wall Street Analysts have commented on CEVA. Shares were Reiterated by The Benchmark Company on Aug 3, 2016 to “Buy” and Lowered the Price Target to $ 32 from a previous price target of $36 .Company shares were Reiterated by Wunderlich on Jul 19, 2016 to “Buy”, Firm has raised the Price Target to $ 33 from a previous price target of $30 .
On the company’s financial health, CEVA reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.19. The company had revenue of $17.10 million for the quarter, compared to analysts expectations of $17.15 million. The company’s revenue was up 27.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.
CEVA closed down -0.49 points or -1.65% at $29.18 with 1,35,214 shares getting traded on Tusday. Post opening the session at $29.53, the shares hit an intraday low of $29.15 and an intraday high of $29.68 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on May 26, 2016, Sven Christer Nilsson (director) sold 9,750 shares at $27.03 per share price. According to the SEC, on May 26, 2016, Yaniv Arieli (Chief Financial Officer) sold 35,732 shares at $27.25 per share price. On May 26, 2016, Gideon Wertheizer (Chief Executive Officer) sold 8,684 shares at $27.43 per share price, according to the Form-4 filing with the securities and exchange commission.
CEVA Inc. is a licensor of cellular multimedia and connectivity technologies to semiconductor companies and original equipment manufacturers (OEMs) serving the mobile consumer automotive and Internet of things (IoT) markets. The Company licenses a family of programmable digital signal processing (DSP) cores and application-specific platforms vision imaging audio and voice as well as communications technologies including wireless and wired modems Wi-Fi Bluetooth and Serial ATA (SATA) and Serial Attached SCSI (SAS). Its DSP intellectual property (IP) portfolio includes platforms for multimode 2G/3G /LTE/LTE-A baseband processing in cellular and infrastructure computer vision and computational photography for camera-enabled device audio/voice/speech and ultra-low power always-on/sensing applications for multiple IoT markets. For connectivity the Company offers IPs for Bluetooth (Smart and Smart Ready) Wi-Fi (802.11 b/g/n/ac up to 4×4) and serial storage (SATA and SAS).