CEVA, Inc. (CEVA) Sets 1 Year Low; Strong Momentum for Sellers

April 23, 2018 - By Peter Erickson


Investors sentiment decreased to 0.93 in Q4 2017. Its down 0.98, from 1.91 in 2017Q3. It is negative, as 22 investors sold CEVA, Inc. shares while 48 reduced holdings. 21 funds opened positions while 44 raised stakes. 18.39 million shares or 0.87% more from 18.23 million shares in 2017Q3 were reported.
State Street Corp reported 632,349 shares stake. Aperio Gru Ltd Liability stated it has 17,874 shares or 0% of all its holdings. Campbell Newman Asset Mngmt stated it has 0.13% of its portfolio in CEVA, Inc. (NASDAQ:CEVA). Voya Investment Mngmt Llc, a Georgia-based fund reported 10,234 shares. Baillie Gifford And has 215,389 shares. Comerica Comml Bank holds 22,551 shares or 0.01% of its portfolio. Pictet Asset Mgmt Ltd has 0.07% invested in CEVA, Inc. (NASDAQ:CEVA). Great West Life Assurance Co Can invested 0% of its portfolio in CEVA, Inc. (NASDAQ:CEVA). D E Shaw And Co holds 8,206 shares. Psagot Invest House Limited has invested 0% in CEVA, Inc. (NASDAQ:CEVA). Moreover, Brandywine Managers Lc has 0.06% invested in CEVA, Inc. (NASDAQ:CEVA). Laurion Cap Management Ltd Partnership reported 0% in CEVA, Inc. (NASDAQ:CEVA). Quantbot Limited Partnership has 0% invested in CEVA, Inc. (NASDAQ:CEVA). State Of Alaska Department Of Revenue has 0% invested in CEVA, Inc. (NASDAQ:CEVA). Gemmer Asset Limited Liability Company holds 0% or 76 shares.

Since March 8, 2018, it had 0 insider buys, and 2 sales for $129,432 activity.

The stock of CEVA, Inc. (NASDAQ:CEVA) hit a new 52-week low and has $32.27 target or 7.00 % below today’s $34.70 share price. The 6 months bearish chart indicates high risk for the $771.06M company. The 1-year low was reported on Apr, 23 by Barchart.com. If the $32.27 price target is reached, the company will be worth $53.97M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 0.86% or $0.3 during the last trading session, reaching $34.7. About 34,737 shares traded. CEVA, Inc. (NASDAQ:CEVA) has risen 3.29% since April 23, 2017 and is uptrending. It has underperformed by 8.26% the S&P500.

Analysts await CEVA, Inc. (NASDAQ:CEVA) to report earnings on May, 9 before the open. They expect $0.03 earnings per share, down 85.00 % or $0.17 from last year’s $0.2 per share. CEVA’s profit will be $666,618 for 289.17 P/E if the $0.03 EPS becomes a reality. After $0.15 actual earnings per share reported by CEVA, Inc. for the previous quarter, Wall Street now forecasts -80.00 % negative EPS growth.

CEVA, Inc. (NASDAQ:CEVA) Ratings Coverage

Among 5 analysts covering Ceva (NASDAQ:CEVA), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Ceva had 6 analyst reports since November 1, 2017 according to SRatingsIntel. Benchmark maintained the shares of CEVA in report on Wednesday, November 1 with “Buy” rating. The firm earned “Buy” rating on Friday, February 9 by Canaccord Genuity. On Wednesday, January 24 the stock rating was downgraded by Oppenheimer to “Perform”. The rating was maintained by Roth Capital on Wednesday, December 6 with “Buy”. Canaccord Genuity maintained CEVA, Inc. (NASDAQ:CEVA) on Thursday, November 2 with “Buy” rating.

CEVA, Inc. licenses signal processing platforms and artificial intelligence processors for semiconductor companies and original equipment manufacturers serving the mobile, consumer, automotive, industrial, and Internet-of Things (IoT) markets worldwide. The company has market cap of $771.06 million. The firm 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. It has a 46.27 P/E ratio. The Company’s technologies are licensed in the form of intellectual property (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 various end products.

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

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