CEVA, Inc. (CEVA) Misses Q1 EPS by 5c, Revenues Beat
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May 11, 2021 7:05 AM EDT
Oppenheimer analyst Andrew Uerkwitz lowered the price target on CEVA Inc. (NASDAQ: CEVA) to $70.00 (from $85.00) while maintaining a Outperform rating.
The analyst commented, "CEVA reported 1Q21 revenue above and EPS below consensus forecasts of $24.0M/ $0.06 and versus our previous $23.7M/ ($0.05E). Top-line... More
May 10, 2021 6:59 AM EDT
CEVA, Inc. (NASDAQ: CEVA), the leading licensor of wireless connectivity and smart sensing technologies, today announced that it agreed to acquire Massachusetts-based Intrinsix Corp., a leading chip design specialist, for approximately $33 million in cash, subject to working capital and other customary purchase price adjustments. The closing of the acquisition is anticipated to take place during the second quarter of 2021.
The combination of Intrinsix's... More
