CEVA, Inc. (CEVA) Forms Bearish Double Bottom Chart Pattern; Strong Momentum for Sellers

July 14, 2018 - By Michael Garrison


Investors sentiment increased to 1.4 in 2018 Q1. Its up 0.47, from 0.93 in 2017Q4. It improved, as 21 investors sold CEVA, Inc. shares while 29 reduced holdings. 18 funds opened positions while 52 raised stakes. 18.30 million shares or 0.51% less from 18.39 million shares in 2017Q4 were reported.
Wells Fargo And Co Mn has 0% invested in CEVA, Inc. (NASDAQ:CEVA). Mason Street Advsrs Ltd Liability Corp stated it has 0.01% of its portfolio in CEVA, Inc. (NASDAQ:CEVA). Eagle Asset invested 0.02% in CEVA, Inc. (NASDAQ:CEVA). Massachusetts-based Geode Mgmt Limited Liability Company has invested 0% in CEVA, Inc. (NASDAQ:CEVA). 743,836 were accumulated by Oaktop Cap Mngmt Ii Limited Partnership. California State Teachers Retirement Sys stated it has 33,294 shares. Natl Bank Of New York Mellon stated it has 455,029 shares. Lord Abbett And Com Limited Liability Corporation holds 0.06% or 587,353 shares. The Massachusetts-based Crow Point Llc has invested 0.01% in CEVA, Inc. (NASDAQ:CEVA). Deutsche Bankshares Ag has 0% invested in CEVA, Inc. (NASDAQ:CEVA) for 24,948 shares. Stifel Finance Corp invested in 13,038 shares or 0% of the stock. First Advsr Lp has invested 0% of its portfolio in CEVA, Inc. (NASDAQ:CEVA). Herald Investment Management holds 3.44% or 318,382 shares in its portfolio. Teachers Retirement Of The State Of Kentucky invested 0% of its portfolio in CEVA, Inc. (NASDAQ:CEVA). Jacobs Levy Equity Mngmt Inc reported 36,061 shares or 0.02% of all its holdings.

Since March 8, 2018, it had 0 insider purchases, and 3 selling transactions for $180,432 activity.

The chart of CEVA, Inc. (CEVA) shows a double bottom with $29.39 target or 7.00 % below today’s $31.60 share price. The 9 months chart pattern indicates high risk for the $702.18M company. It was reported on Jul, 14 by Finviz.com. If the $29.39 price target is reached, the company will be worth $49.15 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.63% or $0.2 during the last trading session, reaching $31.6. About 39,408 shares traded. CEVA, Inc. (NASDAQ:CEVA) has declined 19.86% since July 14, 2017 and is downtrending. It has underperformed by 32.43% the S&P500.

Analysts await CEVA, Inc. (NASDAQ:CEVA) to report earnings on August, 2. They expect $-0.02 earnings per share, down 111.11 % or $0.20 from last year’s $0.18 per share. After $-0.08 actual earnings per share reported by CEVA, Inc. for the previous quarter, Wall Street now forecasts -75.00 % EPS growth.

CEVA, Inc. (NASDAQ:CEVA) Ratings Coverage

Among 4 analysts covering CEVA (NASDAQ:CEVA), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. CEVA had 5 analyst reports since January 24, 2018 according to SRatingsIntel. The firm has “Buy” rating by Canaccord Genuity given on Friday, February 9. The firm has “Buy” rating given on Thursday, May 10 by Canaccord Genuity. The company was downgraded on Wednesday, January 24 by Oppenheimer.

More news for CEVA, Inc. (NASDAQ:CEVA) were recently published by: Prnewswire.com, which released: “CEVA Extends its Leadership in NB-IoT IP with CEVA-Dragonfly NB2, the World’s First eNB-IoT Rel14 Solution” on June 25, 2018. Prnewswire.com‘s article titled: “CEVA, Inc. Schedules Second Quarter 2018 Earnings Release and Conference Call” and published on June 30, 2018 is yet another important article.

CEVA, Inc. licenses signal processing platforms and artificial intelligence processors for semiconductor companies and original equipment manufacturers serving the mobile, consumer, automotive, industrial, and Internet-of Things (IoT) markets worldwide. The company has market cap of $702.18 million. The firm licenses a family of programmable digital signal processor (DSP) cores and application-specific platforms for imaging, computer vision, deep learning, sound, voice, and audio processing; and long range wireless technologies for LTE/5G baseband processing in IoT, handsets, and infrastructure, as well as short range wireless platforms for Wi-Fi and Bluetooth. It has a 67.96 P/E ratio. The Company’s technologies are licensed in the form of intellectual property (IP), which is used for the design, manufacture, market, and sale of application-specific integrated circuits and application-specific standard products to wireless, consumer electronics, and automotive companies for incorporation into various end products.

CEVA, Inc. (NASDAQ:CEVA) Institutional Positions Chart

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