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Rosenblatt Securities Thinks Ceva’s Stock is Going to Recover

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Rosenblatt Securities analyst Kevin Cassidy maintained a Buy rating on Ceva (CEVAResearch Report) yesterday and set a price target of $60.00. The company’s shares closed last Tuesday at $34.91, close to its 52-week low of $32.45.

According to TipRanks.com, Cassidy is a top 100 analyst with an average return of 23.7% and a 64.3% success rate. Cassidy covers the Technology sector, focusing on stocks such as Smart Global Holdings, Skyworks Solutions, and ON Semiconductor.

Ceva has an analyst consensus of Strong Buy, with a price target consensus of $58.00.

See today’s best-performing stocks on TipRanks >>

Ceva’s market cap is currently $793.8M and has a P/E ratio of 3027.43.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CEVA in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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