Northland Securities analyst Gus Richard downgraded Ceva (CEVA) to Hold today and set a price target of $78.00. The company’s shares closed last Tuesday at $74.11, close to its 52-week high of $83.95.
According to TipRanks.com, Richard is a top 100 analyst with an average return of 39.4% and a 75.7% success rate. Richard covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Power Integrations, and Himax Technologies.
Ceva has an analyst consensus of Strong Buy, with a price target consensus of $79.50.
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Ceva’s market cap is currently $1.65B and has a P/E ratio of 6208.50. The company has a Price to Book ratio of 8.01.
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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. Its portfolio include platforms for 5G baseband processing for handsets and radio access network; offerings for cellular internet of things; front-end voice and speech recognition software and algorithms with digital signal processing for voice enabled devices and AI assistants; imaging and computer vision for any camera-enabled device; and a self-contained AI processors. The company was founded on November 22, 1999 and is headquartered in Mountain View, CA.
