CEVA, Inc. (CEVA)’s Stock Formed A Several Months Bullish Double Top

September 17, 2017 - By Winifred Garcia

Investors sentiment decreased to 1.24 in Q4 2016. Its down 0.22, from 1.46 in 2016Q3. It dived, as 21 investors sold CEVA, Inc. shares while 37 reduced holdings. 25 funds opened positions while 47 raised stakes. 17.74 million shares or 0.84% less from 17.90 million shares in 2016Q3 were reported.
Tower Research Capital (Trc) stated it has 765 shares. 80 were reported by Gemmer Asset Ltd Company. Jpmorgan Chase And holds 60,848 shares or 0% of its portfolio. Delaware-based Riverhead Cap Mngmt Limited Liability has invested 0% in CEVA, Inc. (NASDAQ:CEVA). Parallax Volatility Advisers Limited Partnership stated it has 0% in CEVA, Inc. (NASDAQ:CEVA). Invesco invested in 245,287 shares. 471,416 were reported by Neuberger Berman Limited Com. Blackrock Institutional Na owns 563,175 shares. Timpani Capital has 103,637 shares for 1.45% of their portfolio. 1,789 are held by Psagot Inv House Limited. Mason Street Advisors Ltd reported 4,639 shares or 0% of all its holdings. Robertson Opportunity Capital Lc holds 1.75% or 79,200 shares. Moreover, Ranger Mngmt Ltd Partnership has 1.81% invested in CEVA, Inc. (NASDAQ:CEVA). California State Teachers Retirement Sys reported 40,613 shares. Bnp Paribas Arbitrage Sa accumulated 4,593 shares.

Since May 8, 2017, it had 0 buys, and 9 selling transactions for $6.77 million activity. MANN BRUCE also sold $427,814 worth of CEVA, Inc. (NASDAQ:CEVA) shares. 9,172 shares valued at $388,709 were sold by NILSSON SVEN CHRISTER on Tuesday, May 23. WERTHEIZER GIDEON sold $1.29 million worth of CEVA, Inc. (NASDAQ:CEVA) on Wednesday, May 10. The insider Arieli Yaniv sold 59,764 shares worth $2.56M. MCMANAMON PETER also sold $1.20 million worth of CEVA, Inc. (NASDAQ:CEVA) on Monday, May 15. SILVER LOUIS had sold 11,295 shares worth $480,114.

The chart of CEVA, Inc. (CEVA) shows a double top with $45.73 target or 5.00 % above today’s $43.55 share price. The 9 months chart pattern indicates low risk for the $956.54M company. It was reported on Sep, 17 by Finviz.com. If the $45.73 price target is reached, the company will be worth $47.83 million more. Double tops are rare but powerful chart patterns.

The stock increased 2.23% or $0.95 on September 15, reaching $43.55. About 357,060 shares traded or 135.25% up from the average. CEVA, Inc. (NASDAQ:CEVA) has risen 66.60% since September 17, 2016 and is uptrending. It has outperformed by 49.90% the S&P500.

Investors wait CEVA, Inc. (NASDAQ:CEVA) to report on November, 1. its quarterly earnings Wall Street analysts expect $0.18 earnings per share, up $0.01 or 5.88 % from last year’s $0.17 same quarter earnings. This translates into $3.95M profit for CEVA giving the stock a 60.49 P/E. This is assuming the current $0.18 EPS is accurate. CEVA, Inc.’s Wall Street analysts see 0.00 % EPS growth, taking into account the $0.18 EPS reproted in the previous quarter,

CEVA, Inc. (NASDAQ:CEVA) Ratings Coverage

Among 10 analysts covering Ceva (NASDAQ:CEVA), 10 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Ceva had 22 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of CEVA, Inc. (NASDAQ:CEVA) earned “Buy” rating by Chardan Capital Markets on Tuesday, November 3. The firm has “Buy” rating by Canaccord Genuity given on Thursday, September 3. The company was downgraded on Tuesday, November 10 by Wunderlich. As per Thursday, September 29, the company rating was initiated by TH Capital. Wunderlich maintained CEVA, Inc. (NASDAQ:CEVA) rating on Monday, November 2. Wunderlich has “Buy” rating and $26 target. Benchmark maintained it with “Buy” rating and $32 target in Tuesday, November 10 report. As per Thursday, August 3, the company rating was maintained by Canaccord Genuity. Canaccord Genuity maintained the shares of CEVA in report on Monday, August 14 with “Buy” rating. Canaccord Genuity maintained CEVA, Inc. (NASDAQ:CEVA) rating on Friday, July 31. Canaccord Genuity has “Buy” rating and $26 target. The company was maintained on Tuesday, November 3 by Oppenheimer.

Another recent and important CEVA, Inc. (NASDAQ:CEVA) news was published by Prnewswire.com which published an article titled: “CEVA, Inc. to Present at Upcoming Investor Conferences” on August 23, 2017.

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