Canaccord Genuity analyst Michael Walkley reiterated a Buy rating on Ceva (NASDAQ: CEVA) today and set a price target of $36. The company’s shares opened today at $27.60, close to its 52-week low of $26.10.
According to TipRanks.com, Walkley is a top 100 analyst with an average return of 17.3% and a 63.1% success rate. Walkley covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Adesto Technologies Corp, and Digi International Inc.
Currently, the analyst consensus on Ceva is a Strong Buy with an average price target of $40.75.
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Ceva’s market cap is currently $723.3M and has a P/E ratio of 58.72. The company has a Price to Book ratio of 2.43.
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock.
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CEVA, Inc. engages in the provision of signal processing internet protocol. It operates through the following geographical segments: United States, Europe and Middle East, and Asia Pacific. Its products include digital signal processing cores, connectivity platforms, and development environment.
