B+
Bull case
25%
Probability
Target price
$46.00
Analysis reference price unavailable
Analysis 2026-05-14 · RankAlpha Sentiment Codex
CEVA
CEVACNasdaq / Semiconductors & Semiconductor Equipment
Last Price
Quote time unavailable
Current thesis
Post-earnings evidence improved modestly: company-reported licensing strength, AI mix above 20% of licensing revenue, and multiple connectivity/auto design wins support a case that CEVA's integrated-solutions strategy is gaining traction. Search-result consensus references also indicate the quarter likely beat low external revenue and EPS expectations, which helps explain the stronger near-term narrative.
Posture
Mixed
Lead driver
Sentiment
What changed
Sentiment remains the lead driver in the composite, 7D delta 0.0.
What can break
Cash and cash equivalents fell to $21.4 million from $40.6 million, though CEVA still held substantial short-term deposits and marketable securities; this is not a balance-sheet stress signal yet but deserves monitoring alongside ongoing losses [#10-Q-2026-05-11].
Momentum
9
Value
35
Sentiment
76
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $36.00 · Bull $46.00 · Bear $28.00Analysis 2026-05-14; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-08-17 • Vendor: Data Vendor v1
Scores
As of 2026-09-09 • Model: HYBRID_IC_RP
AI Memo
As of 2026-05-14 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-09-09
Investment thesis
As of 2026-09-09
Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-09-09. Definitions
Supporting evidence
What
Grade C · Mixed
Confidence Medium · Net Neutral
Target $47.25
Why
Momentum9 · Δ7d -1.4
Value35 · Δ7d 0.0
Sentiment76 · Δ7d 0.0
So what
Balanced signals (Net Neutral). Wait for confirmation before sizing up.
Confirming evidence
- • Sentiment remains the lead driver in the composite, 7D delta 0.0.
Contradictions & invalidation
- • Cash and cash equivalents fell to $21.4 million from $40.6 million, though CEVA still held substantial short-term deposits and marketable securities; this is not a balance-sheet stress signal yet but deserves monitoring alongside ongoing losses [#10-Q-2026-05-11].
- • GAAP operating loss widened to $5.1 million and GAAP net loss widened to $4.5 million in Q1 2026, showing that stronger licensing volume has not yet produced durable GAAP earnings leverage [#8-K-2026-05-11].
- • The follow-up remains monitoring-oriented because royalties were essentially flat year over year, GAAP losses widened, management flagged smartphone softness and weaker-dollar expense pressure, and delayed analyst revision data appears sparse as of May 14, 2026.
Catalyst clock
2026-05-11
Q1 licensing rebound and AI mix improved the near-term setup
Lead driver: Sentiment · See AI snapshot
Momentum
9
9% active weight
Current posture
7d trendSoftening
Δ7d
-1.4
Δ21d
+1.5
Value
35
28% active weight
Current posture
7d trendFlat
Δ7d
0.0
Δ21d
-0.5
Sentiment
76
62% active weight
Current posture
7d trendFlat
Δ7d
0.0
Δ21d
+8.6
Why this grade
Composite grade C. Momentum 9.4 / Value 34.5 / Sentiment 76.2
Scenario snapshot
Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-05-14. Scenario method
Most likely
B
Base case
45%
Probability
Target price
$36.00
Analysis reference price unavailable
Analysis 2026-05-14 · RankAlpha Sentiment Codex
B-
Bear case
30%
Probability
Target price
$28.00
Analysis reference price unavailable
Analysis 2026-05-14 · RankAlpha Sentiment Codex
Fundamentals (TTM)As of 2026-08-17
Fundamentals (TTM)
As of 2026-08-17
Market Cap
$920.92M
Beta
1.50
Shares Out
28.15M
P/E (TTM) · Derived
-74.7
P/S (TTM)
5.82
P/FCF (TTM) · Derived
-602.39
Rev YoY
+13.1%
EPS YoY
-33.0%
Gross Margin
+87.0%
Op Margin
-9.6%
Net Debt
-$205.85M
Current Ratio
10.12
As of 2026-09-09 • Updated nightlySource: Internal modelMethods & Data