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CEVA Inc(CEVA)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for CEVA
09/25/2026: CEVA (2-star) is currently NOT-A-BUY. Pass it for now.
CEVA Inc is a specialized provider of semiconductor intellectual property, focusing on digital signal processing, connectivity, and AI-enabled vision technologies. Its primary business strength lies in its high-margin licensing model and long-term royalty revenue stream from connected devices. The company's growth story centers on the integration of its technologies into edge AI and automotive applications. However, CEVA faces significant competition from industry giants and remains exposed to cyclical fluctuations in semiconductor demand. The stock may best suit growth-oriented investors looking for exposure to the semiconductor IP space, though it is not a suitable fit for income seekers given its lack of dividends. Key developments to monitor include customer design-win announcements and progress in the edge AI segment.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | CEVA offers exposure to the growing AI and wireless connectivity trends, though growth can be uneven. |
| Momentum investor | Strong fit while signal remains positive | CEVA's stock can exhibit significant momentum during semiconductor sector upcycles. |
| Value investor | Mixed fit | Valuation depends heavily on growth expectations for AI-edge adoption rather than traditional earnings multiples. |
| Dividend investor | Weak fit | The company does not currently pay a dividend, prioritizing R&D reinvestment. |
| Low-risk investor | Weak fit | The stock is subject to the inherent volatility of the semiconductor and IP licensing sector. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock price is highly sensitive to market cycles and semi-sector sentiment. |
| Valuation risk | Medium | High growth expectations can lead to valuation premiums that are vulnerable to corrections. |
| Competition risk (AI competition) | High | Intense competition from SNPS and ARM limits pricing power in new IP categories. |
| Business quality | Medium | While the business model is high-margin, it depends on a cyclical and concentrated client base. |
| Dividend income | Low / none | Income-oriented investors will find no yield here. |
| Execution risk | Medium | Successfully integrating new IP into chip designs is technically complex and mission-critical for clients. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Highly Choppy
The stock has experienced frequent, large price swings that make its near-term movement less predictable.
Analysis of Past Performance
Type Stock | Historic Profit 75.43% | Avg. Invested days 34 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  4.0 |
| Profits based on simulation | Last Close 09/25/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 970.19M USD | Price to earnings Ratio - | 1Y Target Price 46.67 |
Price to earnings Ratio - | 1Y Target Price 46.67 | ||
Volume (30-day avg) 753.6K shares | Beta 1.98 | 52 Weeks Range 17.02 - 51.60 | Updated Date 09/24/2026 |
52 Weeks Range 17.02 - 51.60 | Updated Date 09/24/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.41 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| IP Licensing | Upfront fees paid by companies to use CEVA's designs in their chips. | This provides immediate cash flow for the company. |
| Royalties | Per-unit fees collected when chips containing CEVA IP are shipped. | This is the 'long tail' that provides ongoing passive-like revenue. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE 42.55 | Enterprise Value 743.53M | Price to Sales(TTM) 8.38 |
Enterprise Value 743.53M | Price to Sales(TTM) 8.38 | ||
Enterprise Value to Revenue 5.5 | Enterprise Value to EBITDA 126.83 | Shares Outstanding 28.15M | Shares Floating 25.58M |
Shares Outstanding 28.15M | Shares Floating 25.58M | ||
Percent Insiders 3.5 | Percent Institutions 91.98 |
Upturn AI Summary
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.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About CEVA Inc
Exchange NASDAQ | Headquarters Rockville, MD, United States | ||
IPO Launch date 2000-05-19 | CEO & Director Mr. Amir Panush | ||
Sector Technology | Industry Semiconductors | Full time employees 374 | Website https://www.ceva-ip.com |
Full time employees 374 | 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 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 DSPs and the PentaG2 platform support 5G/5G Advanced baseband for mobile broadband, RedCap, and IoT devices; Ceva-BX2 baseband processor; Ceva-XC21, high-efficiency vector DSP cores for 5G and 5G-advanced; Ceva-XC23, DSP for 5G and 5G-advanced; and Ceva-Waves Bluetooth platform, a set of hardware IP, software modules, and radios addressing a range of processes and nodes. It also provides 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. In addition, the company offers 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. Further, it provides 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.
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