CEVA Stock Analysis: CEVA | NASDAQ
Semiconductors | NASDAQ, USA | Market Cap: 943m USD | 12M Return: 6.9% | US1572101053 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 20.0M
Qual. Beats: 0
Rev. Trend: 78.4%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
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.
CEVA, Inc. (NASDAQ: CEVA) is a U.S.-based semiconductor intellectual property (IP) company headquartered in Rockville, Maryland, founded in 1999 and formerly known as ParthusCeva, Inc. The company licenses silicon IP and software to semiconductor firms and OEMs across the U.S., Europe, the Middle East, and Asia Pacific. Its product portfolio spans connectivity IP for 5G/5G-Advanced baseband (PentaG-RAN, XC20/XC21/XC23 DSPs), Bluetooth, Wi-Fi, ultra-wideband, and NB-IoT cellular modems (Ceva-Waves family), as well as audio/sensor processing (SensPro, ClearVox, RealSpace, MotionEngine) and neural processing units for embedded and generative AI (Ceva-NeuPro-M and NeuPro-Nano).
CEVA operates in the semiconductor IP sub-industry, licensing reusable chip designs and DSP architectures to chipmakers rather than manufacturing its own silicon. This fabless, royalty-and-license-based model is common among IP vendors such as ARM and Synopsys, allowing the company to monetize designs across a wide range of end markets including mobile, IoT, automotive, and wireless infrastructure.
- 5G-Advanced baseband IP royalties expand with infrastructure buildout
- NeuPro NPU adoption accelerates AI licensing revenue
- Smartphone royalty revenue exposed to consumer demand cycles
| 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) |
| 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: -0.01 (EBIT TTM -4.00m / Avg Total Assets 347.4m) |
| D: 6.59 (Book Value of Equity 340.2m / Total Liabilities 51.6m) |
| Altman-Z'' = 11.05 = AAA |
| 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 |
As of October 14, 2026, the stock is trading at USD 30.86 with a total of 380,942 shares traded. Over the past week, the price has changed by -14.68%, over one month by +11.09%, over three months by -27.75% and over the past year by +6.89%.
Current recommended Stop Loss: 27.80 (which is 9.9% or 1.8 ATR below the current price).
CEVA has received a consensus analysts rating of 4.67. Therefore, it is recommended to buy CEVA.
- StrongBuy: 7
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 46.7 | 51.2% |
P/E Forward = 42.5532
P/S = 8.1471
P/B = 2.4692
P/EG = 2.1314
Revenue TTM = 115.7m USD
EBIT TTM = -4.00m USD
EBITDA TTM = -170k 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 17.4m already included)
Net Debt = -198.1m USD (calculated: Debt 17.4m - CCE 215.6m)
Enterprise Value = 744.7m USD (942.9m + Debt 17.4m - CCE 215.6m)
Interest Coverage Ratio = unknown (Ebit TTM -4.00m / Interest Expense TTM 0.0)
EV/FCF = -700.6x (Enterprise Value 744.7m / FCF TTM -1.06m)
FCF Yield = -0.14% (FCF TTM -1.06m / Enterprise Value 744.7m)
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 = 1.90 (Enterprise Value 744.7m / Total Assets 391.9m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 17.4m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -3.16m (EBIT -4.00m * (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 = 1.17k (out of range, set to none) (Net Debt -198.1m / EBITDA -170k)
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 = -1.19% (EBIT -4.00m / Capital Employed (Equity 320.9m + L.T.Debt 14.8m))
RoIC = -0.88% (negative operating profit) (NOPAT -3.16m / Invested Capital 360.8m)
WACC = 16.36% (E(942.9m)/V(960.3m) * Re(16.66%) + D(17.4m)/V(960.3m) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 16.66% (= 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=+0.00% | Revisions=+73% | Analysts=9
EPS current Year (2026-12-31): EPS=0.55 | Chg30d=+0.00% | Revisions=+70% | GrowthEPS=+30.5% | GrowthRev=+14.0%
EPS next Year (2027-12-31): EPS=0.80 | Chg30d=+0.84% | Revisions=+25% | GrowthEPS=+46.4% | GrowthRev=+13.3%
[Analyst] Revisions Ratio: +84% (up=16, down=0)