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A statement released earlier today by Roth Capital about Ceva Inc. (NASDAQ:CEVA) bumps the target price to $40.00

Boasting a price of $35.24, Ceva Inc. (NASDAQ:CEVA) traded -0.26% lower on the day. With the last close up 27.28% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Ceva Inc. has recorded a 50-day average of $32.37 and a two hundred day average of $27.55. Volume of trade was up over the average, with 155,712 shares of CEVA changing hands over the typical 133,038

Roth Capital bumped up the target of Ceva Inc. (NASDAQ:CEVA) to $40.00 stating a potential upside of 0.14%.

On Wednesday September 28, 2016, Roth Capital released a statement on Ceva Inc. (NASDAQ:CEVA) bumped up the target price from $0.00 to $40.00 that suggested an upside of 0.14%.

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With a total market value of $0, Ceva Inc. has price-earnings ratio of 73.06 with a one year low of $17.11 and a one year high of $36.81 .

A total of 8 analysts have released a research note on CEVA. Three analysts rating the company a strong buy, five analysts rating the company a buy, one analyst rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $28.00.

More About Ceva Inc. (NASDAQ:CEVA)

CEVA, Inc. (CEVA) is a licensor of signal processing intellectual property (IP). The Company partners with semiconductor companies and original equipment manufacturers (OEMs) to create connected devices for a range of end markets, including mobile, consumer, automotive, industrial and Internet of things (IoT). The Company operates in the segment of licensing of intellectual property to semiconductor companies and electronic equipment manufacturers. It addresses the requirements of the mobile, consumer, automotive, industrial and IoT markets by designing and licensing application-specific signal processing platforms, which enable the design of solutions for developing a range of applications, including communications and connectivity, audio and voice, imaging and vision, and storage. It has research and development facilities in Israel, France, Ireland and the United Kingdom, and sales and support offices throughout Asia Pacific, Japan, Sweden, France, Israel and the United States.

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