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CEVA Inc Stock Research

CEVA

30.59USD+0.88(+2.96%)Market Closed

Market Summary

USD30.59+0.88
Market Closed
2.96%

CEVA Alerts

CEVA Stock Price

CEVA RSI Chart

CEVA Valuation

Market Cap

710.2M

Price/Earnings (Trailing)

-30.63

Price/Sales (Trailing)

5.27

EV/EBITDA

-359.16

Price/Free Cashflow

207.35

CEVA Price/Sales (Trailing)

CEVA Profitability

Operating Margin

79.91%

EBT Margin

-3.79%

Return on Equity

-8.96%

Return on Assets

-7.52%

Free Cashflow Yield

0.48%

CEVA Fundamentals

CEVA Revenue

Revenue (TTM)

134.6M

Revenue Y/Y

-1.92%

Revenue Q/Q

-0.77%

CEVA Earnings

Earnings (TTM)

-23.2M

Earnings Y/Y

-49.97%

Earnings Q/Q

108.7%

Price Action

52 Week Range

23.7142.25
(Low)(High)

Last 7 days

-5.3%

Last 30 days

-13.3%

Last 90 days

5.0%

Trailing 12 Months

-20.7%

CEVA Financial Health

Current Ratio

5.34

CEVA Investor Care

Shares Dilution (1Y)

1.00%

Diluted EPS (TTM)

-1

Peers (Alternatives to CEVA)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
629.8B
27.0B
11.20% 5.54%
144.19
23.35
0.22% -55.21%
265.4B
34.4B
4.15% 7.21%
23.09
7.71
20.74% 70.65%
161.7B
20.0B
-1.31% 3.38%
18.48
8.07
9.18% 12.61%
155.7B
23.6B
7.88% -17.97%
117.97
6.6
43.61% -58.25%
124.9B
63.1B
-0.49% -34.58%
15.58
1.98
-20.21% -59.66%
22.0B
2.6B
21.50% 171.10%
-498.6
8.41
-10.40% -109.42%
12.7B
660.4M
8.09% 61.41%
71.08
19.25
28.14% 86.49%
MID-CAP
6.2B
7.1B
-10.56% 13.59%
8.04
0.87
15.53% 19.10%
4.8B
651.1M
-1.79% -5.91%
28.27
7.42
-7.41% 3.92%
SMALL-CAP
874.5M
1.3B
-18.13% -13.35%
12.01
0.68
16.70% 2.69%
785.5M
1.8B
-10.38% -36.92%
15.09
0.43
8.07% 32.37%
710.2M
134.6M
-13.31% -20.71%
-30.63
5.27
9.73% -5954.29%
709.2M
794.4M
-14.88% -47.69%
8.96
0.89
9.29% -82.10%
398.4M
337.7M
-11.62% -43.15%
-49.57
1.18
-28.80% -114.17%

Financials for CEVA

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-0.5%135135134132123
Cost Of Revenue-0.2%27.0027.0024.0021.0017.00
Gross Profit-0.6%108108110111106
Operating Expenses2.3%113110107106102
  S&GA Expenses2.7%13.0013.0012.0012.0013.00
  R&D Expenses2.1%79.0077.0077.0075.0073.00
EBITDA-263.1%-1.921.007.0010.00-
EBITDA Margin-263.9%-0.01*0.01*0.05*0.07*-
Earnings Before Taxes-166.6%-5.11-1.924.007.006.00
EBT Margin-167.9%-0.04*-0.01*0.03*0.05*-
Net Income-9.1%-23.18-21.241.002.000.00
Net Income Margin-9.7%-0.17*-0.16*0.01*0.02*-
Free Cahsflow-68.5%3.0011.0016.0018.00-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets4.6%308295319335329
  Current Assets3.8%178171174197189
    Cash Equivalents-27.9%21.0030.0019.0040.0033.00
  Net PPE-3.7%7.007.008.008.007.00
  Goodwill0%75.0075.0075.0075.0075.00
  Current Liabilities18.6%33.0028.0032.0041.0035.00
Shareholder's Equity2.6%259252274278277
  Retained Earnings6.4%32.0030.0053.0054.0055.00
  Additional Paid-In Capital1.4%243239237236235
Accumulated Depreciation-22.00----
Shares Outstanding0.1%23.0023.0023.0023.0023.00
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-52.2%7.0014.0019.0020.0026.00
  Share Based Compensation4.1%15.0014.0014.0013.0013.00
Cashflow From Investing1.9%-15.12-15.40-24.74-37.74-16.71
Cashflow From Financing0%-3.31-3.31-1.073.003.00
  Buy Backs45.7%7.005.000.000.00-

Risks for CEVA

What is the probability of a big loss on CEVA?

100%


Probability that CEVA stock will be more than 20% underwater in next one year

83.5%


Probability that CEVA stock will be more than 30% underwater in next one year.

43.1%


Probability that CEVA stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CEVA drawdown profile look like?

Y-axis is the maximum loss one would have experienced if CEVA was unfortunately bought at previous high price.

Drawdowns

Returns for CEVA

Cumulative Returns on CEVA

6.3%


10-Year Cumulative Returns

5.3%


7-Year Cumulative Returns

-5.3%


5-Year Cumulative Returns

6.9%


3-Year Cumulative Returns

What are the long-term rolling returns for CEVA?

FIve years rolling returns for CEVA.

Annualized Returns

Which funds bought or sold CEVA recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-15.08
-368,699
1,776,300
-%
2023-03-10
BAILLIE GIFFORD & CO
added
2.89
36,579
10,816,600
0.01%
2023-02-28
Voya Investment Management LLC
unchanged
-
-25,106
968,894
-%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
-3,000
150,000
-%
2023-02-21
MACQUARIE GROUP LTD
sold off
-
-15,000
-
-%
2023-02-16
HARBOUR INVESTMENTS, INC.
unchanged
-
-360
640
-%
2023-02-16
GHP Investment Advisors, Inc.
unchanged
-
-105
895
-%
2023-02-15
ALLIANCEBERNSTEIN L.P.
added
0.05
-16,204
665,796
-%
2023-02-15
MetLife Investment Management, LLC
unchanged
-
-8,169
328,831
-%
2023-02-15
State of Wyoming
reduced
-3.14
-2,747
44,253
0.01%

1–10 of 47

Latest Funds Activity

Are funds buying CEVA calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own CEVA
No. of Funds

CEVA News

Digital Journal

L-carnitine Market 2022: Impact of Covid-19 on the Economy ....

Digital Journal,
68 minutes ago

StreetInsider.com

Form 424B3 QualTek Services Inc..

StreetInsider.com,
2 days ago

Schedule 13G FIlings of CEVA

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
11.38%
2,639,558
SC 13G/A
Jan 27, 2023
senvest management, llc
5.1%
1,177,226
SC 13G
Jan 26, 2023
blackrock inc.
17.1%
3,959,938
SC 13G/A
Jan 20, 2023
blackrock inc.
17.1%
3,959,938
SC 13G/A
Feb 11, 2022
lord, abbett & co. llc
3.78%
867,570
SC 13G/A
Feb 09, 2022
vanguard group inc
10.63%
2,441,408
SC 13G/A
Jan 28, 2022
blackrock inc.
16.2%
3,727,833
SC 13G/A
Feb 16, 2021
rice hall james & associates, llc
4.47%
993,898
SC 13G/A
Feb 12, 2021
lord, abbett & co. llc
5.46%
1,215,003
SC 13G
Feb 10, 2021
vanguard group inc
10.16%
2,260,590
SC 13G/A

CEVA Fair Value

CEVA fair value in different scenarios

The table shows the Fair Value estimates for CEVA for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

6.76

-77.90%

8.93

-70.81%

12.45

-59.30%

16.00

-47.70%

18.86

-38.35%
Current Inflation

6.23

-79.63%

8.11

-73.49%

11.09

-63.75%

14.09

-53.94%

16.49

-46.09%
Very High Inflation

5.56

-81.82%

7.10

-76.79%

9.48

-69.01%

11.85

-61.26%

13.74

-55.08%

Historical CEVA Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of CEVA

View All Filings
Date Filed Form Type Document
Mar 14, 2023
4
Insider Trading
Mar 09, 2023
4
Insider Trading
Mar 01, 2023
10-K
Annual Report
Feb 21, 2023
8-K
Current Report
Feb 21, 2023
4
Insider Trading
Feb 21, 2023
4
Insider Trading
Feb 21, 2023
4
Insider Trading
Feb 21, 2023
4
Insider Trading
Feb 16, 2023
4
Insider Trading
Feb 16, 2023
4
Insider Trading

Latest Insider Trading transactions for CEVA

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-13
Andrietti Bernadette
back to issuer
-270,864
29.7
-9,120
-
2023-03-08
Boukaya Michael
back to issuer
-281,628
31.3024
-8,997
chief operating officer
2023-02-17
Boukaya Michael
acquired
-
-
8,179
chief operating officer
2023-02-17
Arieli Yaniv
acquired
-
-
9,996
chief financial officer
2023-02-17
Panush Amir
acquired
-
-
14,541
chief executive officer
2023-02-17
Toquet Gweltaz
acquired
-
-
5,452
chief commercial officer
2023-02-14
Boukaya Michael
acquired
-
-
1,938
chief operating officer
2023-02-14
WERTHEIZER GIDEON
acquired
-
-
7,269
-
2023-02-14
Arieli Yaniv
acquired
-
-
2,423
chief financial officer
2023-01-01
Panush Amir
acquired
-
-
46,911
chief executive officer

1–10 of 50

Gideon Wertheizer
480
CEVA, Inc. operates as a licensor of wireless connectivity and smart sensing technologies to semiconductor and original equipment manufacturer (OEM) companies worldwide. It designs and licenses various digital signal processors, AI processors, wireless platforms, and complementary software for sensor fusion, image enhancement, computer vision, voice input, and artificial intelligence (AI). The company licenses a family of wireless connectivity and smart sensing technologies, and integrated IP solutions, including DSP-based platforms for 5G baseband processing in mobile, IoT, and infrastructure; imaging and computer vision for any camera-enabled devices; audio/voice/speech and ultra-low power always-on/sensing applications for multiple IoT markets; sensor fusion software and inertial measurement unit solutions for hearables, wearables, AR/VR, PC, robotics, remote controls, and IoT; and wireless IoT for Bluetooth, Wi-Fi 4/5/6/6E, Ultra-wideband (UWB), and NB-IoT. Its technologies are licensed to companies, which design, manufacture, market, and sell application-specific integrated circuits and application-specific standard products to mobile, consumer, automotive, robotics, industrial, aerospace and defense, and IoT 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. The company 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 incorporated in 1999 and is headquartered in Rockville, Maryland.

CEVA Income Statement

2022-12-31
Consolidated Statements of Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:   
Revenues$ 134,648$ 122,706$ 100,326
Cost of revenues27,05216,82710,749
Gross profit107,596105,87989,577
Operating expenses:   
Research and development, net78,50172,50462,010
Sales and marketing12,90212,86111,907
General and administrative15,32214,29614,116
Amortization of intangible assets2,7242,7102,307
Impairment of assets3,55600
Total operating expenses113,005102,37190,340
Operating income (loss)(5,409)3,508(763)
Financial income, net2,8121973,284
Remeasurement of marketable equity securities(2,511)1,9830
Income (loss) before taxes on income(5,108)5,6882,521
Taxes on income18,0755,2924,900
Net income (loss)$ (23,183)$ 396$ (2,379)
Basic net income (loss) per share (in dollars per share)$ (1.00)$ 0.02$ (0.11)
Diluted net income (loss) per share (in dollars per share)$ (1.00)$ 0.02$ (0.11)
Weighted average shares used to compute net income (loss) per share (in thousands):   
Basic (in shares)23,17222,81922,107
Diluted (in shares)23,17223,25122,107
License [Member]   
Revenues:   
Revenues$ 89,259$ 72,827$ 52,513
Royalty [Member]   
Revenues:   
Revenues$ 45,389$ 49,879$ 47,813

CEVA Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 21,285$ 33,153
Short-term bank deposits6,11431,410
Marketable securities112,08090,298
Trade receivables (net of allowance for credit losses of $288 and $313 at December 31, 2021 and December 31, 2022, respectively)31,25027,449
Prepaid expenses and other current assets6,8966,670
Total current assets177,625188,980
Long-term assets:  
Bank deposits8,2050
Severance pay fund8,47510,175
Deferred tax assets, net8,59915,850
Property and equipment, net7,0996,765
Operating lease right-of-use assets10,2838,827
Goodwill74,77774,777
Intangible assets, net6,68014,607
Investments in marketable equity securities4082,919
Other long-term assets6,2915,759
Total long-term assets130,817139,679
Total assets308,442328,659
Current liabilities:  
Trade payables1,9951,464
Deferred revenues3,1688,661
Accrued expenses and other payables6,6604,030
Accrued payroll and related benefits18,47318,011
Operating lease liabilities2,9823,274
Total current liabilities33,27835,440
Long-term liabilities:  
Accrued severance pay9,06410,551
Operating lease liabilities6,7035,130
Other accrued liabilities526806
Total long-term liabilities16,29316,487
Stockholders’ equity:  
$0.001 par value: 5,000,000 shares authorized; none issued and outstanding00
$0.001 par value: 45,000,000 shares authorized; 23,595,160 shares issued at December 31, 2021 and 2022; 22,984,552 and 23,215,439 shares outstanding at December 31, 2021 and 2022, respectively2323
Additional paid in-capital242,841235,386
Treasury stock at cost (610,608 and 379,721 shares of common stock at December 31, 2021 and 2022, respectively)(9,904)(13,790)
Accumulated other comprehensive loss(6,249)(372)
Retained earnings32,16055,485
Total stockholders’ equity258,871276,732
Total liabilities and stockholders’ equity$ 308,442$ 328,659