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Benchmark announced Ceva Inc. (NDAQ:CEVA), boosting its stock price target to $50.00 today

In a report released on Monday June 05, 2017 Benchmark increased the stock price target of Ceva Inc. (NDAQ:CEVA) from $42.00 to $50.00 reporting a possible upside of 0.08%.

Previously on 3/28/2017, Wunderlich released a statement about Ceva Inc. (NDAQ:CEVA) increased the target price from $0.00 to $40.00. At the time, this indicated a possible upside of 0.15%.

Just yesterday Ceva Inc. (NDAQ:CEVA) traded 0.22% higher at $46.10. Ceva Inc.’s 50-day moving average is $42.12 and its 200-day moving average is $42.15. The last stock price is up 7.71% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 86,048 shares of CEVA traded hands, down from an average trading volume of 152,077

Recent Performance Chart

Ceva Inc. (NDAQ:CEVA)

Ceva Inc. has 52 week low of $28.15 and a 52 week high of $49.50 with a PE ratio of 60.05 and has a market capitalization of $0.

In addition to Benchmark reporting its stock price target, a total of 8 brokerages have issued a ratings update on the company. The average stock price target is $28.00 with 3 brokerages rating the stock a strong buy, 5 brokerages rating the stock a buy, 1 brokerage rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Ceva Inc. (NDAQ: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. CEVA addresses the requirements of the mobile, consumer, automotive, industrial and IoT markets by designing and licensing a range of 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.

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