CEVA (NASDAQ:CEVA) Earning Somewhat Positive Media Coverage, Study Finds

Press coverage about CEVA (NASDAQ:CEVA) has trended somewhat positive on Friday, according to Accern. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CEVA earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media coverage about the semiconductor company an impact score of 46.868300099776 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:

Shares of NASDAQ:CEVA traded up $0.35 during midday trading on Friday, reaching $33.60. The company had a trading volume of 3,721 shares, compared to its average volume of 190,474. The firm has a market cap of $727.74 million, a PE ratio of 62.98, a price-to-earnings-growth ratio of 4.82 and a beta of 0.91. CEVA has a one year low of $32.25 and a one year high of $32.55.

CEVA (NASDAQ:CEVA) last issued its quarterly earnings results on Wednesday, May 9th. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The company had revenue of $17.57 million during the quarter, compared to the consensus estimate of $18.83 million. CEVA had a return on equity of 4.97% and a net margin of 12.82%. The firm’s quarterly revenue was down 17.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 EPS. analysts forecast that CEVA will post 0.34 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on CEVA shares. Zacks Investment Research lowered shares of CEVA from a “hold” rating to a “strong sell” rating in a research note on Friday, January 26th. UBS lowered shares of CEVA from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 24th. BidaskClub upgraded shares of CEVA from a “sell” rating to a “hold” rating in a research note on Friday, May 4th. TheStreet lowered shares of CEVA from a “b” rating to a “c+” rating in a research note on Wednesday, February 14th. Finally, Benchmark dropped their price objective on shares of CEVA from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, May 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $43.83.

In related news, EVP Issachar Ohana sold 768 shares of CEVA stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $41.50, for a total value of $31,872.00. Following the completion of the sale, the executive vice president now owns 27,929 shares in the company, valued at $1,159,053.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.00% of the stock is currently owned by insiders.

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 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.

Insider Buying and Selling by Quarter for CEVA (NASDAQ:CEVA)

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