Ceva (NASDAQ:CEVA) Shares Gap Down - Should You Sell?

Ceva, Inc. (NASDAQ:CEVA - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $23.58, but opened at $20.24. Ceva shares last traded at $21.87, with a volume of 101,423 shares.Wall Street Analyst Weigh In5 Computer Vision Stocks with a Clear Path to GrowthCEVA has been the topic of a number of analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $40.00 target price on shares of Ceva in a report on Tuesday, November 11th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Ceva in a report on Tuesday, October 14th. Finally, Barclays upped their price target on Ceva from $30.00 to $35.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 12th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $35.75.Read Our Latest Stock Report on CevaCeva Trading Down 12.5%The company has a 50 day moving average of $26.71 and a 200 day moving average of $23.62. The firm has a market cap of $495.59 million, a price-to-earnings ratio of -48.97 and a beta of 1.32. Ceva (NASDAQ:CEVA - Get Free Report) last posted its earnings results on Monday, November 10th. The semiconductor company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. Ceva had a negative net margin of 9.48% and a negative return on equity of 3.04%. The business had revenue of $28.38 million for the quarter, compared to analyst estimates of $28.04 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The firm's quarterly revenue was up 4.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ceva, Inc. will post -0.12 EPS for the current fiscal year. Institutional Investors Weigh In On CevaA number of large investors have recently bought and sold shares of CEVA. ProShare Advisors LLC raised its stake in shares of Ceva by 5.1% in the second quarter. ProShare Advisors LLC now owns 9,853 shares of the semiconductor company's stock worth $217,000 after acquiring an additional 479 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Ceva by 4.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,465 shares of the semiconductor company's stock worth $514,000 after purchasing an additional 775 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in Ceva by 8.7% during the third quarter. Illinois Municipal Retirement Fund now owns 12,093 shares of the semiconductor company's stock worth $319,000 after buying an additional 968 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Ceva by 8.9% during the second quarter. State of Alaska Department of Revenue now owns 14,252 shares of the semiconductor company's stock valued at $313,000 after purchasing an additional 1,160 shares during the period. Finally, AlphaQuest LLC grew its holdings in shares of Ceva by 123.6% in the 2nd quarter. AlphaQuest LLC now owns 2,451 shares of the semiconductor company's stock valued at $54,000 after buying an additional 1,355 shares during the period. 85.37% of the stock is currently owned by institutional investors. About Ceva (Get Free Report)CEVA, Inc provides silicon and software IP solutions to semiconductor and original equipment manufacturer (OEM) companies worldwide. Its 5G mobile and infrastructure products include Ceva-XC vector digital signal processors (DSPs) for 5G handsets, 5G RAN, and general-purpose baseband processing; PentaG-RAN, an open ran platform for base station and radio; and PentaG2 - 5G NR modem platform for UE, as well as for non-handset 5G vertical markets, such as fixed wireless access, industry 4.0, robotics, and AR/VR devices.Recommended StoriesFive stocks we like better than CevaBusiness Services Stocks InvestingWhy a 20-Second Flight Test Could Unlock Billions for VerticalInvesting In Automotive Stocks3 Smart Defensive Stocks for an Uneasy MarketEarnings Per Share Calculator: How to Calculate EPSThese 3 Stocks Are Using Buybacks to Signal Market ConfidenceThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Ceva Right Now?Before you consider Ceva, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ceva wasn't on the list.While Ceva currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here