Ceva (NASDAQ:CEVA) Stock Price Up 6.1% Following Better-Than-Expected Earnings

Shares of Ceva, Inc. (NASDAQ:CEVA) were up 6.1% during mid-day trading on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $39.71 and last traded at $38.6890. Approximately 375,198 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 476,855 shares. The stock had previously closed at $36.46.

The semiconductor company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. The firm had revenue of $27.02 million during the quarter, compared to the consensus estimate of $26.12 million. Ceva had a negative net margin of 9.71% and a negative return on equity of 3.15%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS.

Ceva News Summary

Here are the key news stories impacting Ceva this week:

• Positive Sentiment: Ceva reported Q1 EPS of $0.04, above the $0.02 estimate, and revenue of $27.02 million, also ahead of expectations, signaling better-than-expected demand for its silicon IP and licensing business. Ceva, Inc. Announces First Quarter 2026 Financial Results
• Positive Sentiment: TD Cowen analyst Joshua Buchalter reiterated a Buy rating and raised his price target sharply from $24 to $45, citing strong AI licensing momentum and automotive wins, which could help reinforce bullish sentiment on CEVA. Buchalter Doubles Down on CEVA: Strong AI Licensing Momentum, Automotive Wins Drive Buy Rating and Price Target Hike from $24 to $45
• Positive Sentiment: Ceva also announced a major Bluetooth HDT and integrated RF design win with a leading U.S. semiconductor company, validating its push toward full-stack wireless solutions and potentially improving future licensing revenue. Ceva Advances Full-Stack Wireless Vision with Next Generation Bluetooth High Data Throughput and Integrated RF Design Win
• Neutral Sentiment: The company’s earnings call transcript may provide more detail on margins, guidance, and customer demand trends, but it is mainly a source of follow-up color rather than a new catalyst on its own. CEVA, Inc. (CEVA) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Despite the earnings beat, some trading commentary noted the stock reversed lower after initially moving higher, suggesting investors may be taking profits or focusing on ongoing profitability challenges. Ceva Stock Turns Lower Despite Q1 Double Beat

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CEVA shares. TD Cowen reaffirmed a “buy” rating on shares of Ceva in a research note on Tuesday. Weiss Ratings restated a “sell (d-)” rating on shares of Ceva in a report on Wednesday, April 8th. UBS Group upped their target price on shares of Ceva from $27.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Oppenheimer reiterated an “outperform” rating and issued a $42.00 target price on shares of Ceva in a research report on Tuesday. Finally, Stifel Nicolaus set a $42.00 price target on shares of Ceva in a research note on Tuesday. Eight investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.67.

Hedge Funds Weigh In On Ceva

Institutional investors have recently added to or reduced their stakes in the stock. Senvest Management LLC boosted its stake in Ceva by 8.0% during the fourth quarter. Senvest Management LLC now owns 2,387,536 shares of the semiconductor company’s stock worth $51,380,000 after buying an additional 177,765 shares during the last quarter. Neuberger Berman Group LLC increased its stake 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 worth $21,505,000 after acquiring an additional 305,540 shares during the last quarter. AWM Investment Company Inc. raised its holdings in shares of Ceva by 24.1% during the 4th quarter. AWM Investment Company Inc. now owns 827,806 shares of the semiconductor company’s stock worth $17,814,000 after acquiring an additional 160,644 shares during the period. Handelsbanken Fonder AB boosted its position in shares of Ceva by 92.6% during the 4th quarter. Handelsbanken Fonder AB now owns 684,465 shares of the semiconductor company’s stock valued at $14,730,000 after acquiring an additional 329,047 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN boosted its position in shares of Ceva by 40.6% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 619,817 shares of the semiconductor company’s stock valued at $13,624,000 after acquiring an additional 179,098 shares during the last quarter. Hedge funds and other institutional investors own 85.37% of the company’s stock.

Ceva Price Performance

The stock has a market cap of $1.09 billion, a PE ratio of -91.77 and a beta of 1.94. The stock’s fifty day moving average is $22.48 and its 200-day moving average is $22.66.

Ceva Company Profile

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.