Ceva (NASDAQ:CEVA) Issues Earnings Results

Ceva (NASDAQ:CEVA) announced its quarterly earnings results on Tuesday. The semiconductor company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18, FiscalAI reports. The company had revenue of $31.29 million during the quarter, compared to analyst estimates of $31.03 million. Ceva had a negative return on equity of 3.15% and a negative net margin of 9.71%.The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 earnings per share.

Here are the key takeaways from Ceva’s conference call:

• Record Q4 revenue: CEVA reported an all-time high quarter of $31.1M, with licensing up 11% and 18 licensing deals signed (including multiple NPUs, Wi‑Fi7 and combo wins), signaling broad demand across its portfolio.
• NPU / PC OEM breakthrough: CEVA signed an NPU licensing agreement with one of the world’s leading PC OEMs for a dedicated NPU integrated into the OEM’s SoC, validating CEVA’s AI IP and accelerating on-device AI adoption in PCs.
• Strong 2026 outlook: Management guides 2026 revenue growth of 8%–12% and expects non‑GAAP net income to rise about 35%–40%, while keeping non‑GAAP expense growth well below top‑line expansion.
• Near‑term risks include smartphone softness and memory pricing/supply constraints that pressured annual royalties (royalties down 2% in 2025) and a currency headwind that is expected to add roughly $5M of non‑USD expense in 2026.
• Solid balance sheet and M&A optionality: CEVA ended the year with roughly $222M in cash/marketable securities and completed a $63M net follow‑on, which management says is intended to support strategic M&A to accelerate growth.

Ceva Price Performance

NASDAQ:CEVA opened at $20.09 on Thursday. The firm has a 50-day moving average of $22.16 and a two-hundred day moving average of $23.69. The stock has a market cap of $482.56 million, a P/E ratio of -46.72 and a beta of 1.50. Ceva has a 1-year low of $18.23 and a 1-year high of $38.94.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC lifted its stake in Ceva by 2,735.2% during the fourth quarter. Millennium Management LLC now owns 595,599 shares of the semiconductor company’s stock worth $12,817,000 after purchasing an additional 574,592 shares during the last quarter. Defiance ETFs LLC bought a new position in shares of Ceva in the 4th quarter worth about $10,420,000. Neuberger Berman Group LLC boosted its holdings in shares of Ceva by 44.1% in the 4th quarter. Neuberger Berman Group LLC now owns 998,824 shares of the semiconductor company’s stock valued at $21,505,000 after buying an additional 305,540 shares during the period. HRT Financial LP bought a new stake in shares of Ceva during the 4th quarter valued at about $5,182,000. Finally, Jane Street Group LLC raised its stake in Ceva by 1,798.3% during the fourth quarter. Jane Street Group LLC now owns 253,967 shares of the semiconductor company’s stock worth $5,465,000 after acquiring an additional 240,588 shares during the period. Hedge funds and other institutional investors own 85.37% of the company’s stock.

Analysts Set New Price Targets

CEVA has been the subject of a number of research analyst reports. Loop Capital initiated coverage on shares of Ceva in a research report on Monday, December 1st. They set a “buy” rating and a $28.00 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ceva in a research note on Friday, January 9th. Stifel Nicolaus began coverage on shares of Ceva in a research note on Tuesday, February 10th. They issued a “buy” rating and a $30.00 target price on the stock. Rosenblatt Securities restated a “buy” rating and set a $40.00 target price on shares of Ceva in a report on Wednesday. Finally, Barclays increased their price target on Ceva from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, November 12th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.60.

About Ceva

Ceva, Inc (NASDAQ: CEVA) is a leading licensor of signal processing IP cores and platforms that enable intelligent, connected devices. The company designs a broad portfolio of digital signal processing (DSP) and AI processors, software development toolkits and reference frameworks for applications ranging from 5G wireless communications and Bluetooth connectivity to audio, computer vision, sensor fusion and edge AI. Its solutions target a variety of end markets including smartphones, automotive, IoT devices, smart home, industrial automation and wearable electronics.

Founded in 1999 as a spin-off from DSP Group, Ceva has built its reputation on delivering modular, power-efficient IP that can be customized to meet stringent performance, area and power requirements.