
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI SWOT
- About


CEVA Inc (CEVA)


- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)

(see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
10/15/2025: CEVA (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $31.83
1 Year Target Price $31.83
3 | Strong Buy |
2 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -10.38% | Avg. Invested days 33 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
![]() | ![]() |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 679.69M USD | Price to earnings Ratio - | 1Y Target Price 31.83 |
Price to earnings Ratio - | 1Y Target Price 31.83 | ||
Volume (30-day avg) 6 | Beta 1.29 | 52 Weeks Range 18.31 - 38.94 | Updated Date 10/16/2025 |
52 Weeks Range 18.31 - 38.94 | Updated Date 10/16/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.06 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -9.48% | Operating Margin (TTM) -17.46% |
Management Effectiveness
Return on Assets (TTM) -2.37% | Return on Equity (TTM) -3.81% |
Valuation
Trailing PE - | Forward PE 47.39 | Enterprise Value 514847336 | Price to Sales(TTM) 6.39 |
Enterprise Value 514847336 | Price to Sales(TTM) 6.39 | ||
Enterprise Value to Revenue 4.84 | Enterprise Value to EBITDA -39.43 | Shares Outstanding 23882243 | Shares Floating 21096379 |
Shares Outstanding 23882243 | Shares Floating 21096379 | ||
Percent Insiders 3.8 | Percent Institutions 96.85 |
Upturn AI SWOT
CEVA Inc

Company Overview
History and Background
CEVA, Inc., formerly known as DSP Group, Inc., was founded in 1999 and is headquartered in Rockville, Maryland. Initially focused on digital signal processors (DSPs), it evolved into a licensor of wireless connectivity and smart sensing technologies. The company has expanded its portfolio through strategic acquisitions and organic growth, adapting to the changing landscape of mobile, IoT, and automotive markets.
Core Business Areas
- Connectivity: Licensing of IP for Bluetooth, Wi-Fi, and other connectivity technologies for a wide range of applications including IoT, consumer electronics, and automotive.
- Sensing: Licensing of IP for computer vision, AI, and audio processing for applications like surveillance, robotics, and automotive.
Leadership and Structure
Gideon Wertheizer serves as the CEO. The company has a hierarchical organizational structure with functional departments like Engineering, Sales, Marketing, and Finance. The Board of Directors provides oversight and strategic guidance.
Top Products and Market Share
Key Offerings
- Bluetooth IP: CEVA offers a complete range of Bluetooth IP solutions, including Bluetooth Low Energy (BLE) and Bluetooth Classic. Market share is estimated to be around 25-30% in the Bluetooth IP licensing market. Competitors include Synopsys and Arm.
- Wi-Fi IP: CEVA's Wi-Fi IP solutions cover various standards, including Wi-Fi 6 and Wi-Fi 7. Market share is approximately 15-20% in the Wi-Fi IP licensing market. Competitors are Synopsys and Arm.
- NeuPro-S: A dedicated AI processor architecture for edge AI applications. Competitors are Cadence and ARM
- MotionEngine: Complete sensing platform for high accuracy wearable and hearable devices. Competitors are Qualcomm and Apple.
Market Dynamics
Industry Overview
The semiconductor IP licensing market is growing, driven by the increasing complexity of chip designs and the demand for specialized solutions. Key trends include the rise of AI, IoT, and automotive applications, requiring advanced connectivity and processing capabilities.
Positioning
CEVA is a leading provider of wireless connectivity and smart sensing IP. Its competitive advantages include its broad portfolio, its focus on low-power designs, and its strong customer relationships.
Total Addressable Market (TAM)
The total addressable market for semiconductor IP is estimated to be over $7 billion. CEVA is well-positioned to capture a significant portion of this market with its diverse IP portfolio and strong partnerships.
Upturn SWOT Analysis
Strengths
- Broad IP portfolio
- Strong expertise in wireless connectivity and smart sensing
- Established customer base
- Low-power design capabilities
Weaknesses
- Dependence on the semiconductor industry cycle
- Exposure to competition from larger IP vendors
- Reliance on a limited number of key customers
Opportunities
- Growth in IoT and automotive markets
- Increasing demand for AI-enabled devices
- Expansion into new geographic markets
- Strategic acquisitions to expand IP portfolio
Threats
- Economic downturns
- Technological obsolescence
- Increased competition
- Geopolitical risks
Competitors and Market Share
Key Competitors
- ARM
- SNPS
- CDNS
Competitive Landscape
CEVA competes with larger IP vendors like ARM and Synopsys. CEVA's advantages include its expertise in low-power designs and its strong customer relationships. However, its smaller size and limited resources can be a disadvantage.
Major Acquisitions
Intrinsix
- Year: 2021
- Acquisition Price (USD millions): 33
- Strategic Rationale: To enhance its design services offering and expand its customer base.
Growth Trajectory and Initiatives
Historical Growth: CEVA has experienced revenue growth in recent years, driven by the increasing demand for its IP in wireless connectivity and smart sensing applications.
Future Projections: Analyst estimates project continued growth for CEVA, driven by the growth in IoT, automotive, and AI markets.
Recent Initiatives: Recent strategic initiatives include the launch of new IP products, expansion into new markets, and strategic partnerships.
Summary
CEVA is a strong player in the semiconductor IP licensing market, particularly in wireless connectivity and smart sensing. Their broad IP portfolio and focus on low-power designs provide a competitive edge. The company's success is tied to the growth of IoT, automotive, and AI markets. CEVA must be aware of competition from larger companies, as well as technological obsolescence.
Peer Comparison
Sources and Disclaimers
Data Sources:
- CEVA Inc. Investor Relations
- Industry Reports
- Analyst Estimates
- Company Press Releases
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Market share data is based on estimates and may vary. Past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About CEVA Inc
Exchange NASDAQ | Headquaters Rockville, MD, United States | ||
IPO Launch date 2000-05-19 | CEO & Director Mr. Amir Panush | ||
Sector Technology | Industry Semiconductors | Full time employees 404 | Website https://www.ceva-ip.com |
Full time employees 404 | Website https://www.ceva-ip.com |
CEVA, Inc. provides silicon and software intellectual property (IP) solutions to semiconductor and original equipment manufacturer companies in the United States, Europe, the Middle East, the Asia Pacific, and internationally. The company offers PentaG2, a 5G/5G-A baseband platform; PentaG-RAN, a hardware and software IP for implementing L1 PHY baseband processing in 5G and 5G-A base station and other cellular infrastructure system-on-chips (SoCs); Ceva-XC20 communication vector digital signal processors (DSP) for 5G-A handsets, 5G-A RAN, and general purpose baseband processing; Ceva-BX2 baseband processor; Ceva-Waves Bluetooth platform, a set of hardware IP, software modules, and radios addressing a range of processes and nodes; Ceva-Waves Wi-Fi platform, a set of hardware IP and CPU-agnostic host software for energy-efficient SoC implementation of Wi-Fi subsystems; Ceva-Waves ultra-wideband platform; Ceva-Waves Links, which provide solutions for SoCs requiring multiple connectivity standards; and Ceva-Waves DragonFly, a turnkey platform for implementing NB-IoT cellular modem SoCs. It also provides Ceva-SensPro, a family of DSP cores; Ceva-BX1 audio digital signal controller IP; Ceva-ClearVox ENC software, a neural-network-based noise cancellation; Ceva-RealSpace, a spatial audio and head tracking software solution; and Ceva-MotionEngine, a sensor fusion software. In addition, it offers Ceva-NeuPro-M, a neural processing unit (NPU) IP for generative AI; a Ceva-NeuPro-Nano, an NPU IP for embedded AI; and Ceva-NeuPro Studio, a software development environment for the development and deployment of AI models on the Ceva-NeuPro NPUs. The company was formerly known as ParthusCeva, Inc. and changed its name to CEVA, Inc. in December 2003. The company was incorporated in 1999 and is headquartered in Rockville, Maryland.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.