Needham Reiterates Buy Rating on CEVA, Inc. with $55 Target
On June 15, 2026, Needham reiterated its buy rating on CEVA, Inc. with a $55 price target, a 22.47% upside from the current price.
Key Points
- Needham reiterated its buy rating on CEVA, Inc. (CEVA) with a $55 price target on June 15, 2026.
- Needham's $55 price target implies 22.47% upside from CEVA, Inc.'s ($CEVA) current $44.91 share price.
- CEVA shares are trading at $46.08, with a market cap of $1.28 billion and a forward P/E ratio of 55.9.
- Senvest Management and Morgan Stanley reduced their CEVA positions, while BlackRock and State Street increased theirs.
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On June 15, 2026, Needham reiterated its buy rating on CEVA, Inc. (NasdaqGS: CEVA) with a price target of $55. This move signals continued confidence in the semiconductor company's prospects.
CEVA, Inc. Stock Up 65.6%
Shares of NasdaqGS:CEVA are currently trading at $46.08. CEVA, Inc. has a market cap of approximately $1.28 billion and a forward P/E ratio of 55.9, indicating investor expectations for future earnings growth. The stock has a beta of 2.006, suggesting it is more volatile than the overall market. Over the past year, CEVA's stock has ranged from a low of $17.02 to a high of $51.25. The company's 50-day moving average is $33.38, and its 200-day moving average is $25.62. CEVA maintains a strong current ratio of 10.26 and a quick ratio of 9.665, reflecting its solid liquidity position.
Recent Earnings
CEVA, Inc. reported revenue of $112.38 million, with a revenue growth of 11.5%. Despite a net margin of -10.47% and a return on equity of -3.88%, the company remains focused on growth. The next earnings report is expected on August 10, 2026.
Other Institutional Activity in CEVA, Inc.
Senvest Management, LLC trimmed its holdings by 28,924 shares, leaving it with 2,358,612 shares valued at about $44.06 million. In contrast, BlackRock, Inc. grew its stake by 199,852 shares, bringing its total to 2,207,968 shares worth approximately $41.24 million. Morgan Stanley also reduced its position by 32,182 shares, now holding 1,841,040 shares valued at $34.39 million. Meanwhile, State Street Corp increased its holdings by 150,304 shares, ending with 1,242,501 shares valued at $23.21 million.
Insider Buying and Selling at CEVA, Inc.
On June 9, 2026, insider Louis Silver sold 13,000 shares at an average price of $27.17 and later sold 7,736 shares at $45.66. Peter McManamon sold 14,000 shares at $27.17 and 8,331 shares at $45.66. Both insiders also purchased shares on the same day, with Silver buying 13,000 shares and McManamon acquiring 14,000 shares at $27.17.
Analysts Set New Price Targets
On June 15, 2026, Needham reiterated its buy rating and set a $55 price target for CEVA. UBS maintained its buy rating with a $48 target on May 12, 2026, while Rosenblatt and TD Cowen also maintained buy ratings with $45 targets. JP Morgan, however, maintained a hold rating with a $36 target.
About CEVA, Inc.
CEVA, Inc. is a technology company based in Rockville, Maryland, specializing in silicon and software intellectual property solutions for semiconductor and OEM companies globally. It offers a range of products supporting 5G, IoT, and AI technologies, including hardware and software platforms for baseband processing and connectivity. Led by CEO Amir Panush, CEVA employs approximately 400 people and serves markets across the U.S., Europe, Asia, and beyond.
Bottom Line
CEVA, Inc. is attracting attention from analysts and institutional investors alike, underscored by Needham's reiterated buy rating and $55 price target. Despite recent insider transactions, the company's strong market position and technological innovation continue to drive interest. As always, these ratings reflect past performance and expectations, and investors should consider their own financial situation before making any decisions.
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