Shares of Ceva, Inc. (NASDAQ:CEVA – Get Free Report) gapped down before the market opened on Monday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $27.10, but opened at $22.73. Ceva shares last traded at $24.8890, with a volume of 149,555 shares.
The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). The company had revenue of $29.06 million during the quarter, compared to analyst estimates of $32.71 million. Ceva had a negative net margin of 9.48% and a negative return on equity of 3.15%. Ceva’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 EPS.
Key Stories Impacting Ceva
Here are the key news stories impacting Ceva this week:
- Positive Sentiment: Ceva said royalty revenue grew 18% sequentially, AI licensing revenue reached a record, and a multi-year smartphone modem ramp is ahead. These business trends could support future growth. Ceva third-quarter 2026 financial results
- Negative Sentiment: Quarterly EPS was $0.13, below estimates of about $0.18–$0.19. Revenue of $29.06 million also missed estimates, which ranged from $32.71 million to $33.36 million. The earnings and revenue shortfalls are the main near-term negative for the stock. Ceva lags Q3 earnings and revenue estimates
- Neutral Sentiment: Despite missing estimates, EPS rose from $0.11 a year earlier and revenue increased 2.4% year over year. The results therefore show modest annual growth, though not enough to meet analysts’ forecasts. CEVA missed Q3 2026 estimates, but a slipped deal changes the story
Analyst Ratings Changes
A number of research analysts recently issued reports on CEVA shares. Rosenblatt Securities lifted their price target on shares of Ceva from $45.00 to $49.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. UBS Group dropped their price objective on shares of Ceva from $48.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, November 2nd. Benchmark upgraded shares of Ceva from a “hold” rating to a “strong-buy” rating in a report on Monday, September 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Ceva in a report on Friday, October 2nd. Finally, Wall Street Zen cut shares of Ceva from a “buy” rating to a “hold” rating in a research report on Sunday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.80.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Tidal Investments LLC raised its position in shares of Ceva by 202.0% during the 2nd quarter. Tidal Investments LLC now owns 58,121 shares of the semiconductor company’s stock worth $2,741,000 after acquiring an additional 38,876 shares in the last quarter. Bank of America Corp DE acquired a new position in Ceva in the second quarter valued at approximately $4,482,000. Hsbc Holdings PLC acquired a new position in Ceva in the fourth quarter valued at approximately $777,000. BlackRock Inc. purchased a new position in Ceva in the second quarter valued at approximately $113,995,000. Finally, Deutsche Bank AG purchased a new position in Ceva in the second quarter valued at approximately $33,941,000. Hedge funds and other institutional investors own 85.37% of the company’s stock.
Ceva Price Performance
The company’s 50 day simple moving average is $30.48 and its 200 day simple moving average is $30.60. The company has a market capitalization of $711.09 million, a PE ratio of -63.48 and a beta of 1.98.
About Ceva
Ceva, Inc is a semiconductor intellectual property (IP) company that develops and licenses technology used in connected devices. Rather than manufacturing chips, the company provides processor cores, software, and system-level IP that semiconductor companies and original equipment manufacturers can incorporate into their own products.
Its portfolio includes digital signal processor (DSP) cores and platforms for wireless communications, artificial intelligence, computer vision, audio and voice processing, imaging, and sensor applications.
Read More
- Five stocks we like better than Ceva
- America’s Rare Earth Clock Is Running Out, But the Bottleneck Isn’t Where You Think
- Atlassian Tanks After Huge Run as Guidance Disappoints, But Strength Remains
- Lemonade’s Revenue Soars 73%—So Why Did Its Stock Turn Sour After Earnings?
- Anthropic’s S-1 Strengthens the Case for Broadcom’s AI Growth
Receive News & Ratings for Ceva Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ceva and related companies with MarketBeat.com's FREE daily email newsletter.
