CEVA Stock Analysis: CEVA | NASDAQ

Semiconductors | NASDAQ, USA | Market Cap: 868m USD | 12M Return: 38.1% | US1572101053 | Charts, Fundamentals & Technical Analysis

Wireless Connectivity, DSP Cores, AI Processing, Audio Software
Total Rating 29
Safety 90
Buy Signal 0.11
Semiconductors
Industry Rotation: +10.7
Market Cap: 868M
Avg Turnover: 25.8M
Risk 3d forecast
Volatility105%
VaR 5th Pctl16.3%
VaR vs Median-5.41%
Reward TTM
Sharpe Ratio0.75
Rel. Str. IBD70.6
Rel. Str. Peer Group42.4
Character TTM
Beta2.964
Beta Downside3.408
Hurst Exponent0.402
Drawdowns 3y
Max DD55.23%
CAGR/Max DD0.32
CAGR/Mean DD0.79
EPS (Earnings per Share) EPS (Earnings per Share) of CEVA over the last years for every Quarter: "2021-06": 0.22, "2021-09": 0.2, "2021-12": 0.22, "2022-03": 0.18, "2022-06": 0.18, "2022-09": 0.2, "2022-12": 0.23, "2023-03": -0.2088, "2023-06": -0.02, "2023-09": 0.06, "2023-12": 0.1, "2024-03": -0.05, "2024-06": 0.17, "2024-09": 0.14, "2024-12": 0.11, "2025-03": 0.06, "2025-06": 0.07, "2025-09": 0.11, "2025-12": 0.18, "2026-03": 0.04, "2026-06": -0.1,
Last SUE: 0.41
Qual. Beats: 0
Revenue Revenue of CEVA over the last years for every Quarter: 2021-06: 30.457, 2021-09: 32.79, 2021-12: 34.057, 2022-03: 34.391, 2022-06: 33.195, 2022-09: 30.05, 2022-12: 33.402, 2023-03: 26.262, 2023-06: 22.922, 2023-09: 24.073, 2023-12: 24.162, 2024-03: 22.072, 2024-06: 28.437, 2024-09: 27.207, 2024-12: 29.223, 2025-03: 24.245, 2025-06: 25.678, 2025-09: 28.384, 2025-12: 31.291, 2026-03: 27.024, 2026-06: 29.033,
Rev. CAGR: 5.59%
Rev. Trend: 78.4%
Last SUE: 0.49
Qual. Beats: 0

Warnings

Strong Share Dilution
High Debt While Negative Cash Flow

Tailwinds

Confidence

Seasonality 11.6 years of data

Jan -0.1% 7
Feb -0.4% 14
Mar -0.5% 5
Apr -4.0% 20
May +3.9% 19
Jun +2.1% 20
Jul +3.4% 29
Aug +1.1% 11
Sep -3.1% 15
Oct -2.7% 25
Nov -0.4% 0
Dec +0.0% 0

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: CEVA CEVA

CEVA, Inc. is a fabless semiconductor intellectual property (IP) company that licenses silicon and software IP to chipmakers and OEMs worldwide. Unlike integrated device manufacturers, CEVA does not fabricate chips itself; instead, it earns revenue through upfront licensing fees and per-unit royalties on every device shipped that incorporates its technology, a business model that requires comparatively lower capital expenditure and allows for high operating margins once designs are adopted.

The companys product portfolio centers on wireless connectivity and signal processing, including DSP cores and platforms for 5G, 5G-Advanced, Bluetooth, Wi-Fi, ultra-wideband, and NB-IoT modem SoCs. It also offers audio DSP and noise cancellation IP, sensor fusion software, and a family of neural processing units (NPUs) targeting embedded and generative AI workloads. This positions CEVA within the broader semiconductor IP market, where it competes alongside larger players focused mainly on general-purpose CPU and GPU cores.

Founded in 1999 as ParthusCeva and renamed CEVA in December 2003, the company is headquartered in Rockville, Maryland, and serves customers across the United States, Europe, the Middle East, and the Asia Pacific region.

Headlines to Watch Out For
  • 5G baseband IP licensing drives core royalty revenue growth
  • Ceva-NeuPro NPU portfolio targets embedded AI market expansion
  • China smartphone weakness pressures handset IP royalty stream
Piotroski VR-10 (Strict) 1.0
Net Income: -11.0m TTM > 0 and > 6% of Revenue
FCF/TA: -0.00 > 0.02 and ΔFCF/TA -0.20 > 1.0
NWC/Revenue: 220.5% < 20% (prev 173.4%; Δ 47.07% < -1%)
CFO/TA 0.01 > 3% & CFO 3.81m > Net Income -11.0m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 10.12 > 1.5 & < 3
Outstanding Shares: last quarter (28.0m) vs 12m ago 17.15% < -2%
Gross Margin: 87.37% > 18% (prev 86.49%; Δ 0.88% > 0.5%)
Asset Turnover: 33.32% > 50% (prev 35.12%; Δ -1.80% > 0%)
Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM)
Altman Z'' 10.00
A: 0.65 (Total Current Assets 283.2m - Total Current Liabilities 28.0m) / Total Assets 391.9m
B: -0.02 (Retained Earnings -7.39m / Total Assets 391.9m)
C: -0.03 (EBIT TTM -9.60m / Avg Total Assets 347.4m)
D: 6.59 (Book Value of Equity 340.2m / Total Liabilities 51.6m)
Altman-Z'' = 10.94 = AAA
Beneish M -2.97
DSRI: 1.17 (Receivables 46.7m/36.7m, Revenue 115.7m/106.4m)
GMI: 0.99 (GM 86.49% / 87.37%)
AQI: 0.77 (AQ_t 0.21 / AQ_t-1 0.27)
SGI: 1.09 (Revenue 115.7m / 106.4m)
TATA: -0.04 (NI -11.0m - CFO 3.81m) / TA 391.9m)
Beneish M = -2.97 (Cap -4..+1) = A
What is the price of CEVA shares?

As of August 15, 2026, the stock is trading at USD 33.28 with a total of 1,621,817 shares traded. Over the past week, the price has changed by -13.94%, over one month by -23.55%, over three months by -12.40% and over the past year by +38.09%.

Current recommended Stop Loss: 29.50 (which is 11.4% or 1.2 ATR below the current price).

Is CEVA a buy, sell or hold?

CEVA has received a consensus analysts rating of 4.75. Therefore, it is recommended to buy CEVA.

  • StrongBuy: 7
  • Buy: 0
  • Hold: 1
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the CEVA price?
Analysts Target Price 46.8 40.5%
CEVA (CEVA) - Fundamental Data Overview as of 13 August 2026
Market Cap USD = 868.0m (868.0m USD * 1.0 USD.USD)
P/E Forward = 62.5
P/S = 7.5
P/B = 2.6291
P/EG = 3.1289
Revenue TTM = 115.7m USD
EBIT TTM = -9.60m USD
EBITDA TTM = -5.46m USD
Long Term Debt = 14.8m USD (estimated: total debt 17.4m - short term 2.66m)
Short Term Debt = 2.66m USD (from shortTermDebt, last quarter)
Debt = 17.4m USD (from shortLongTermDebtTotal, last quarter) (leases 16.9m already included)
Net Debt = -198.1m USD (calculated: Debt 17.4m - CCE 215.6m)
Enterprise Value = 669.8m USD (868.0m + Debt 17.4m - CCE 215.6m)
 Interest Coverage Ratio = unknown (Ebit TTM -9.60m / Interest Expense TTM 0.0)
 EV/FCF = -630.1x (Enterprise Value 669.8m / FCF TTM -1.06m)
FCF Yield = -0.16% (FCF TTM -1.06m / Enterprise Value 669.8m)
FCF Margin = -0.92% (FCF TTM -1.06m / Revenue TTM 115.7m)
Net Margin = -9.48% (Net Income TTM -11.0m / Revenue TTM 115.7m)
Gross Margin = 87.37% ((Revenue TTM 115.7m - Cost of Revenue TTM 14.6m) / Revenue TTM)
Gross Margin QoQ = 87.44% (prev 85.76%)
Tobins Q-Ratio = 1.71 (Enterprise Value 669.8m / Total Assets 391.9m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 17.4m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -7.58m (EBIT -9.60m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 10.12 (Total Current Assets 283.2m / Total Current Liabilities 28.0m)
Debt / Equity = 0.05 (Debt 17.4m / totalStockholderEquity, last quarter 340.2m)
 Debt / EBITDA = 36.30 (negative EBITDA) (Net Debt -198.1m / EBITDA -5.46m)
 Debt / FCF = 186.4 (negative FCF - burning cash) (Net Debt -198.1m / FCF TTM -1.06m)
 Total Stockholder Equity = 320.9m (last 4 quarters mean from totalStockholderEquity)
RoA = -3.16% (Net Income -11.0m / Total Assets 391.9m)
RoE = -3.42% (Net Income TTM -11.0m / Total Stockholder Equity 320.9m)
RoCE = -2.86% (EBIT -9.60m / Capital Employed (Equity 320.9m + L.T.Debt 14.8m))
 RoIC = -2.10% (negative operating profit) (NOPAT -7.58m / Invested Capital 360.8m)
 WACC = 16.09% (E(868.0m)/V(885.4m) * Re(16.41%) + D(17.4m)/V(885.4m) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 16.41% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 83.44 | Cagr: 8.07%
 [DCF] Fair Price = unknown (Cash Flow -1.06m)
 EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.41 | # QB: 0
Revenue Correlation: 78.41 | Revenue CAGR: 5.59% | SUE: 0.49 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.19 | Chg30d=+12.37% | Revisions=+25% | Analysts=8
EPS current Year (2026-12-31): EPS=0.55 | Chg30d=+3.94% | Revisions=+25% | GrowthEPS=+30.7% | GrowthRev=+14.1%
EPS next Year (2027-12-31): EPS=0.80 | Chg30d=-1.84% | Revisions=+25% | GrowthEPS=+46.6% | GrowthRev=+13.0%
[Analyst] Revisions Ratio: +50% (up=3, down=0)