CEVA, Inc. licenses signal processing platforms and artificial intelligence processors for semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, industrial, and Internet-of-Things (IoT) markets worldwide.
Flawless balance sheet with reasonable growth potential.
Share Price & News
How has CEVA's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CEVA's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CEVA exceeded the US Semiconductor industry which returned 41.7% over the past year.
Return vs Market: CEVA exceeded the US Market which returned 9.2% over the past year.
Price Volatility Vs. Market
How volatile is CEVA's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall StHere's Why CEVA's (NASDAQ:CEVA) Statutory Earnings Are Arguably Too Conservative
3 weeks ago | Simply Wall StWhat Kind Of Shareholder Owns Most CEVA, Inc. (NASDAQ:CEVA) Stock?
1 month ago | Simply Wall StThe CEVA (NASDAQ:CEVA) Share Price Is Up 54% And Shareholders Are Holding On
Is CEVA undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CEVA ($36.05) is trading above our estimate of fair value ($22.98)
Significantly Below Fair Value: CEVA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CEVA is poor value based on its PE Ratio (697.5x) compared to the Semiconductor industry average (35.5x).
PE vs Market: CEVA is poor value based on its PE Ratio (697.5x) compared to the US market (16.1x).
Price to Earnings Growth Ratio
PEG Ratio: CEVA is poor value based on its PEG Ratio (6.5x)
Price to Book Ratio
PB vs Industry: CEVA is overvalued based on its PB Ratio (3.2x) compared to the US Semiconductor industry average (3.1x).
How is CEVA forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CEVA's forecast earnings growth (106.7% per year) is above the savings rate (2.2%).
Earnings vs Market: CEVA's earnings (106.7% per year) are forecast to grow faster than the US market (22.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CEVA's revenue (9.5% per year) is forecast to grow faster than the US market (8.8% per year).
High Growth Revenue: CEVA's revenue (9.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CEVA's Return on Equity is forecast to be low in 3 years time (4.5%).
How has CEVA performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CEVA has a large one-off loss of $971.0K impacting its March 31 2020 financial results.
Growing Profit Margin: CEVA's current net profit margins (1.2%) are higher than last year (0.6%).
Past Earnings Growth Analysis
Earnings Trend: CEVA has become profitable over the past 5 years, growing earnings by -13.7% per year.
Accelerating Growth: CEVA's earnings growth over the past year (145%) exceeds its 5-year average (-13.7% per year).
Earnings vs Industry: CEVA earnings growth over the past year (145%) exceeded the Semiconductor industry -10.8%.
Return on Equity
High ROE: CEVA's Return on Equity (0.5%) is considered low.
How is CEVA's financial position?
Financial Position Analysis
Short Term Liabilities: CEVA's short term assets ($181.2M) exceed its short term liabilities ($27.6M).
Long Term Liabilities: CEVA's short term assets ($181.2M) exceed its long term liabilities ($19.0M).
Debt to Equity History and Analysis
Debt Level: CEVA is debt free.
Reducing Debt: CEVA has not had any debt for past 5 years.
Debt Coverage: CEVA has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: CEVA has no debt, therefore coverage of interest payments is not a concern.
What is CEVA's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CEVA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CEVA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CEVA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CEVA's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CEVA's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Gideon Wertheizer (63yo)
Mr. Gideon Wertheizer has been the Chief Executive Officer of CEVA Inc. since May 9, 2005. Mr. Wertheizer has over 30 years of experience in the semiconductor and Silicon Intellectual Property (SIP) indust ...
CEO Compensation Analysis
Compensation vs Market: Gideon's total compensation ($USD2.28M) is about average for companies of similar size in the US market ($USD3.13M).
Compensation vs Earnings: Gideon's compensation has increased by more than 20% in the past year.
|CEO & Director||15.08yrs||US$2.28m||0.46% $3.6m|
|CFO & Treasurer||15.08yrs||US$870.91k||0.18% $1.5m|
|Chief Operating Officer||1.17yrs||US$704.08k||no data|
|Executive Vice President of Worldwide Sales||13.92yrs||US$855.63k||0.11% $885.1k|
|Chief Technology Officer||16.42yrs||no data||no data|
|Vice President of Market Intelligence||5.25yrs||no data||no data|
|Vice President of Marketing||2yrs||no data||no data|
|Vice President of People||0.42yr||no data||no data|
|Director of Automotive Market Segment||no data||no data||no data|
|Director of Sales & Marketing for Connectivity Business Unit||no data||no data||no data|
Experienced Management: CEVA's management team is seasoned and experienced (9.6 years average tenure).
|CEO & Director||15.08yrs||US$2.28m||0.46% $3.6m|
|Independent Director||17.58yrs||US$161.82k||0.079% $625.3k|
|Independent Director||20.58yrs||US$140.21k||0.032% $257.7k|
|Independent Chairman||15.08yrs||US$170.33k||1.24% $9.8m|
|Independent Director||20.58yrs||US$155.74k||0.062% $492.1k|
|Independent Director||18.17yrs||US$161.82k||0.085% $675.5k|
|Lead Independent Director||no data||US$156.29k||0.0094% $74.4k|
|Independent Non-Executive Director||3.5yrs||US$198.49k||no data|
|Independent Director||0.67yr||US$16.72k||no data|
Experienced Board: CEVA's board of directors are seasoned and experienced ( 16.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
CEVA, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: CEVA, Inc.
- Ticker: CEVA
- Exchange: NasdaqGS
- Founded: 1999
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: US$793.255m
- Shares outstanding: 22.00m
- Website: https://www.ceva-dsp.com
Number of Employees
- CEVA, Inc.
- 1174 Castro Street
- Suite 210
- Mountain View
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CEVA||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||May 2000|
|0Q19||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||May 2000|
|PVJA||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||May 2000|
CEVA, Inc. licenses signal processing platforms and artificial intelligence processors for semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, industrial, and Internet-of-Things (IoT) markets worldwide. The company licenses a family of signal processing intellectual properties (IPs), including platforms for 5G baseband processing in handsets and base station RAN; integrated cellular IoT solutions; digital signal processor (DSP) platforms incorporating voice input algorithms and software for voice enabled devices; and DSP platforms for advanced imaging and computer vision in various camera-enabled devices, as well as a family of self-contained artificial intelligent (AI) processors that address a range of edge applications. The company also provides IPs for Bluetooth and Wi-Fi platforms. Its technologies are licensed to companies, which design, manufacture, market, and sell application-specific integrated circuits and application-specific standard products to wireless, consumer electronics, and automotive companies for incorporation into various end products. The company delivers its DSP cores, platforms, and AI processors in the form of a hardware description language definition; and offers development platforms, software development kits, and software debug tools that facilitate system design, debug, and software development. CEVA, Inc. licenses its technology through a direct sales force. The company was formerly known as ParthusCeva, Inc. and changed its name to CEVA, Inc. in December 2003. CEVA, Inc. was founded in 1999 and is headquartered in Mountain View, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/05 02:45|
|End of Day Share Price||2020/06/04 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.