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CEVA, Inc.

CEVA · NASDAQ

Market closed$37.97$-0.550000 (-1.43%)After hours $37.80 · -0.45%

Key statistics

Previous close$38.52
Open$36.95
Day high$39.24
Day low$35.61
52-week high$51.60
52-week low$17.02
Market cap1.06B
Volume713.98K
Average volume912.86K
P/E ratio94.93
Forward P/E41.80
EPS0.40
Dividend yield0.00%

Market context

Why it moved

Despite a wave of positive news for CEVA Logistics — including CMA CGM's $1.4 billion acquisition of FedEx Supply Chain to bolster CEVA's North American footprint, a contract extension with Zalando through 2030, and a renewed GSK distribution deal in Poland — profit-taking and broader market uncertainty appear to have weighed on CEVA, Inc. (the semiconductor IP company), pulling its shares modestly lower.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026CEVA, Inc. shares declined amid a broad and accelerating semiconductor sector sell-off, with the Philadelphia Semiconductor Index falling over 3–4% on the week as investors rotated out of AI and chip names on concerns over stretched valuations, rising hyperscaler capex, and a 'deteriorating' AI narrative. A newly reported AI licensing deal highlighted by Simply Wall St framed CEVA as potentially undervalued at ~14% below a $48.88 fair value estimate, while institutional interest remained constructive — HSBC recently initiated a position and multiple funds raised stakes. However, sector-wide headwinds, including global chip stocks shedding $3.3 trillion in market cap since late June and a fresh AI model launch from Chinese startup Moonshot (Kimi K3), kept pressure on the stock.

-1.4278

July 17, 2026CEVA tumbled sharply as a broad semiconductor sector selloff — triggered by TSMC's capex reset and profit-taking across chip stocks — dragged down the entire space despite CEVA landing a new AI licensing deal. TSMC's decision to raise full-year capex guidance to $60–$64 billion, paired with below-consensus Q3 margin guidance, shifted investor focus toward cash generation concerns and sparked a sector-wide multiple de-rating. Benchmark also initiated coverage on CEVA with a Hold rating, adding near-term pressure even as one analysis pegged the stock as ~14% undervalued at a fair value of $48.88, and institutional interest remains strong with multiple funds raising their stakes.

-8.1983

July 16, 2026CEVA shares fell sharply, underperforming the broader semiconductor sector, weighed down by a confluence of company-specific and sector headwinds. A landmark AI licensing deal with a major U.S. software platform company for its NeuPro-M architecture drew investor attention, but concerns over the imminent COO departure (effective August 1) and execution risk at an elevated valuation tempered enthusiasm. TD Cowen raised its price target to $55 while maintaining a Buy rating, though the stock trades near the consensus target of $42.80. Broader chip stocks faced profit-taking pressure as the Philadelphia Semiconductor Index continues its pullback from June highs.

-3.6067

July 15, 2026CEVA, Inc. rose nearly 2% on July 14, outperforming the broader semiconductor sector as investors responded to a pair of bullish catalysts. TD Cowen raised its price target to $55 while maintaining a Buy rating, following CEVA's landmark AI licensing deal announced earlier in the week with a major U.S. software and AI platform company for its NeuPro-M architecture — a deal that drove shares up over 12% last week. The day also brought news of COO Michael Boukaya's resignation effective August 1, though his planned transition through year-end appeared to soften concerns. A cooler-than-expected June CPI report provided a broad tailwind for tech stocks, helping CEVA close higher even amid ongoing semiconductor sector volatility tied to Iran tensions and AI valuation scrutiny.

1.9199

July 14, 2026CEVA, Inc. shares tumbled ~6% amid a broad semiconductor selloff triggered by geopolitical risk and sector-wide AI valuation concerns, even as TD Cowen raised its price target to $55 (from $45) maintaining a Buy rating on the stock. Adding to investor caution, the company disclosed that COO Michael Boukaya will resign, transitioning out through December 2026 — a leadership change that compounded selling pressure on a stock that had already surged over 100% year-to-date following a high-profile AI licensing deal with a major U.S. software platform company for its NeuPro-M architecture.

-6.2143

July 11, 2026CEVA, Inc. shares declined despite a bullish catalyst, as Stifel analyst Ruben Roy raised his price target to $50 from $42 while maintaining a Buy rating, citing the company's strengthened AI positioning following its landmark NeuPro-M neural processing unit IP licensing deal with a major U.S. software and AI platform company for next-generation intelligent computing devices. The pullback appears to reflect broader profit-taking after the stock has more than doubled year-to-date (~99% YTD gain), with some analysts flagging the valuation as fully priced near fair value estimates around $43.

-2.7339

July 10, 2026CEVA surged over 5% on continued momentum from its landmark NeuPro-M AI licensing deal with a major U.S. software and AI platform company, announced July 6, marking a strategic expansion beyond traditional semiconductor customers into software platform companies developing custom silicon. The deal, which enables on-device generative, multimodal, and agentic AI workloads, has fueled a year-to-date return approaching 99% for the stock. This outperformance is particularly notable given the broader semiconductor sector faced a sharp selloff earlier in the week, with the iShares Semiconductor ETF slumping ~5% after Samsung's record earnings paradoxically spooked investors over AI spending sustainability. CEVA's Q2 2026 earnings are scheduled for August 10, with analysts carrying a consensus Buy rating and price targets ranging up to $55.

5.0606

July 9, 2026CEVA, Inc. rose sharply, outperforming a broadly pressured semiconductor sector, as investors continued to reward the company's landmark AI licensing deal announced July 6 — in which an undisclosed major U.S. software and AI platform company selected CEVA's NeuPro-M NPU IP for a custom AI silicon program. The deal meaningfully expands CEVA's addressable customer base beyond traditional chipmakers into software platform companies, and comes on the heels of strong Q1 results and bullish analyst coverage, with Needham holding a $55 price target. CEVA also confirmed its Q2 2026 earnings call for August 10, keeping investor focus on the royalty growth trajectory.

4.2095

Simply Wall Street · July 16, 2026CEVA (CEVA) Lands AI Licensing Deal On A Fair Value Story That Still Has To DeliverInvesting.com · July 16, 2026Benchmark initiates Hold rating on CEVA stock citing valuationMoomoo · July 16, 2026Benchmark Initiates CEVA at HoldYahoo Tech · July 15, 2026Ceva (CEVA) Launches RealSpace Elevate Spatial Audio for Gaming HeadsetsInvesting.com · July 10, 2026Stifel raises Ceva stock price target to $50 on AI positioningMoomoo · July 10, 2026Stifel Maintains CEVA Inc(CEVA.US) With Buy Rating, Raises Target Price to $50Moomoo · July 6, 2026Ceva Shares Gain After Signing AI Licensing DealPR Newswire · May 11, 2026Ceva, Inc. Announces First Quarter 2026 Financial Results
Benzinga · July 16, 2026Benchmark Initiates Coverage On CEVA with Hold Rating
Benzinga · July 13, 2026TD Cowen Maintains Buy on CEVA, Raises Price Target to $55
Benzinga · July 10, 2026Stifel Maintains Buy on CEVA, Raises Price Target to $50
Benzinga · July 6, 2026Why Is CEVA Stock Gaining Monday?
Mt Newswire · July 6, 2026Ceva Signs AI Licensing Deal for Custom Silicon Program
Benzinga · July 6, 2026Ceva Announces AI Licensing Deal With A U.S. Software And AI Platform Company For A Custom AI Silicon Program Focused On Computing Devices
Mt Newswire · June 23, 2026Ceva Launches Spatial Audio Software for PC Gaming Headsets
Benzinga · June 15, 2026Ceva To 'Get A New Life' With Physical AI Inflection, Says Bullish Analyst

Peers

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