In a report released yesterday, Gus Richard from Northland Securities maintained a Hold rating on Ceva (CEVA), with a price target of $27. The company’s shares closed yesterday at $24.
According to TipRanks.com, Richard is a top 100 analyst with an average return of 25.8% and a 72.3% success rate. Richard covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, Akoustis Technologies, and Power Integrations.
Currently, the analyst consensus on Ceva is a Moderate Buy with an average price target of $31.67.
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The company has a one-year high of $36.80 and a one-year low of $20.40. Currently, Ceva has an average volume of 130.3K.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock.
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CEVA, Inc. engages in the licensing of signal processing platforms and artificial intelligence processors to chip manufacturers. It operates through the following geographical segments: United States, Europe and Middle East, and Asia Pacific.
