CEVA Inc. (CEVA): $93.80M Revenue recorded on Tuesday, August 04

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CEVA Inc. (NASDAQ:CEVA) changes shares on Tuesday trading session, with a change of 1.36% or $0.56 shares. The trading starts at $41.39 and closed at $41.06 throughout the day. The trading session low price was $40.79 and day high was $41.96 on Tuesday, August 04. After the session, the Technology sector daily volume shifted to 0.14 million while its average volume is 150.53K. In other hand, the CEVA market cap reached to $909.81M. While, its current target price is $38.80.

On November 25, 2019, UPDATE 1-CMA CGM to raise $2 bln from port terminal, ship sales to fund CEVA deal. According to the news reported on Reuters, * CMA CGM returns to profit in third quarter (Adds details, comments by CFO)

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 7.80% and up 11.97% for month. Its quarterly performance was 35.09% above, while its half year performance is up 44.01%. CEVA yearly performance stood at positive 62.77% and rise 54.38% for year-to-date. Current recommendation for CEVA Inc. is 2.70.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. CEVA EPS (TTM) for 12-month is 0.04. EPS for this year is -95.10%, while for the next year its value is 0.70. Sales growth for the current quarter is 27.73 while its EPS Q/Q reached 49.60%. It has an EPS of 15.20% up for past five years and for the next five years will be up 34.90%.

Let’s take a look on the analyst recommendations on CEVA for the current month and previous month. For the current month, 2 of 6 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 4 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $29.00 – $50.00. Average target price for CEVA was reached at $38.80.

Blackrock Inc., Vanguard Group, Inc. (The) and Rice, Hall, James & Associates are the top three holders in CEVA Inc. (CEVA) stock. On Mar 30, 2020, Blackrock Inc. has 3.3 million shares which valued 82.34 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 2.34 million shares which valued at 58.43 million. On Mar 30, 2020, Rice, Hall, James & Associates has a total of 1.11 million shares which valued at 27.66 million. In the end, Rice, Hall, James & Associates have 5.04% shares outstanding of CEVA Inc. (CEVA) on Mar 30, 2020. The insider ownership moved to 1.80% and institutional holding shifted to 81.40%.

The company posted an EPS (TTM) of 0.04. According to the most recent quarter report on (Jun 2020), 5 analysts estimated an average EPS of 0.04, while 0.05 EPS posted a year ago period. Analyst Estimated EPS for CEVA published in the report was $0.02 – $0.06 during the same period. Comparing with last year, the average estimated EPS was 0.05 which is lower than 0.11 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for CEVA rise 38.13% for period of 200 days. SMA for 50 days was 13.94% which is showing green signal, while SMA-20 was 7.93%. The moving average value for CEVA Inc. (CEVA) is 343.29k and 2.71% for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in CEVA stock. On Jun 04, OHANA ISSACHAR, EVP Worldwide Sales, sold 2,581 trading shares at the cost of $36.00, which valued at 92916.0. On Feb 20, Boukaya Michael, Chief Operating Officer, sold 6,491 shares at the cost of $35.00, with total shares of 12,495. On Feb 20, MANN BRUCE, Director, sold 32,408 shares at the cost of 35.16. After this transaction, MANN BRUCE total shares reached to 0 which valued at 1.14 million.