Oppenheimer Maintains Outperform Rating for CEVA: Here's What You Need To Know

Oppenheimer has decided to maintain its Outperform rating of CEVA CEVA and lower its price target from $40.00 to $35.00.

Shares of CEVA are trading up 1.57% over the last 24 hours, at $21.64 per share.

A move to $35.00 would account for a 61.7% increase from the current share price.

About CEVA

CEVA Inc is a licensor of signal-processing intellectual property. Through partnerships with semiconductor companies and original equipment manufacturers globally, the company helps produce devices for a range of end markets. OEMs and semiconductor companies choose to sell products with CEVA equipment to wireless, consumer, automotive, and Internet of Things companies. Revenue is derived primarily from licensing fees and related revenue, and royalties generated from the shipments of products utilizing its intellectual properties. CEVA also engages in the training and sale of development systems.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.