Is CEVA, Inc. (CEVA) a Buy? The Stock Formed Bullish Double Top Pattern

September 17, 2017 - By Peter Erickson

Investors sentiment decreased to 1.24 in Q4 2016. Its down 0.22, from 1.46 in 2016Q3. It turned negative, as 21 investors sold CEVA, Inc. shares while 37 reduced holdings. 25 funds opened positions while 47 raised stakes. 17.74 million shares or 0.84% less from 17.90 million shares in 2016Q3 were reported.
Magee Thomson Investment Prtnrs Limited Liability owns 27 shares. Oberweis Asset Mgmt stated it has 247,830 shares. Blackrock Fund reported 1.64M shares stake. Royal Financial Bank Of Canada, Ontario – Canada-based fund reported 709 shares. Jacobs Levy Equity holds 0.01% or 19,030 shares. Moreover, Manufacturers Life Insurance Co The has 0% invested in CEVA, Inc. (NASDAQ:CEVA). Ls Invest Advisors Ltd Co holds 710 shares or 0% of its portfolio. Legal And General Grp Public Ltd Company invested 0% in CEVA, Inc. (NASDAQ:CEVA). Zurcher Kantonalbank (Zurich Cantonalbank) invested 0% in CEVA, Inc. (NASDAQ:CEVA). Cortina Asset Mngmt Lc invested in 0.34% or 243,917 shares. Texas Permanent School Fund holds 15,485 shares. D E Shaw Inc reported 26,410 shares or 0% of all its holdings. Parametric Portfolio Associate Ltd Com, Washington-based fund reported 17,423 shares. Citadel Ltd holds 0% or 15,788 shares in its portfolio. Campbell Newman Asset Inc holds 9,873 shares.

Since May 8, 2017, it had 0 insider buys, and 9 selling transactions for $6.77 million activity. MANN BRUCE sold 10,682 shares worth $427,814. $1.20M worth of CEVA, Inc. (NASDAQ:CEVA) shares were sold by MCMANAMON PETER. Shares for $165,360 were sold by OHANA ISSACHAR. $2.56M worth of stock was sold by Arieli Yaniv on Thursday, May 11. NILSSON SVEN CHRISTER sold 9,172 shares worth $388,709. Shares for $37,941 were sold by WERTHEIZER GIDEON on Thursday, May 25. The insider SILVER LOUIS sold $480,114.

The chart of CEVA, Inc. (CEVA) shows a double top with $45.73 target or 5.00 % above today’s $43.55 share price. The 9 months chart pattern indicates low risk for the $956.54M company. It was reported on Sep, 17 by Finviz.com. If the $45.73 price target is reached, the company will be worth $47.83 million more. Double tops are rare but powerful chart patterns.

The stock increased 2.23% or $0.95 on September 15, reaching $43.55. About 357,060 shares traded or 135.25% up from the average. CEVA, Inc. (NASDAQ:CEVA) has risen 66.60% since September 17, 2016 and is uptrending. It has outperformed by 49.90% the S&P500.

Analysts await CEVA, Inc. (NASDAQ:CEVA) to report earnings on November, 1. They expect $0.18 earnings per share, up 5.88 % or $0.01 from last year’s $0.17 per share. CEVA’s profit will be $3.95 million for 60.49 P/E if the $0.18 EPS becomes a reality. After $0.18 actual earnings per share reported by CEVA, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

CEVA, Inc. (NASDAQ:CEVA) Ratings Coverage

Among 10 analysts covering Ceva (NASDAQ:CEVA), 10 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Ceva had 22 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of CEVA, Inc. (NASDAQ:CEVA) has “Buy” rating given on Tuesday, November 3 by Canaccord Genuity. The stock has “Hold” rating by Wunderlich on Tuesday, November 10. The rating was initiated by Roth Capital on Thursday, September 29 with “Buy”. On Friday, August 4 the stock rating was maintained by Oppenheimer with “Buy”. TH Capital initiated the shares of CEVA in report on Thursday, September 29 with “Buy” rating. Canaccord Genuity maintained the shares of CEVA in report on Monday, August 14 with “Buy” rating. As per Monday, July 31, the company rating was maintained by Roth Capital. The firm has “Buy” rating by Wunderlich given on Wednesday, December 16. Topeka Capital Markets maintained it with “Buy” rating and $27 target in Monday, November 2 report. The firm has “Buy” rating by Ladenburg Thalmann given on Monday, January 11.

Another recent and important CEVA, Inc. (NASDAQ:CEVA) news was published by Prnewswire.com which published an article titled: “CEVA, Inc. to Present at Upcoming Investor Conferences” on August 23, 2017.

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