Should You Buy This Small Cap Semiconductor Stock-CEVA

Acrobull UK Advisory Services Ltd.

February 06			2025
Name	Ticker	Sector/Industry		Market Cap	Risk Factor
CEVA, Inc.	CEVA-NASDAQ	Semiconductor		$565.753 Million	Medium

CEVA, Inc. delivers silicon and software intellectual property (IP) solutions to semiconductor and original equipment manufacturers across the United States, Europe, the Middle East, the Asia-Pacific region, and global markets. The company’s offerings include the PentaG2 5G/5G-Advanced baseband platform and PentaG-RAN.

Recent Highlights

CEO Statement- Amir Panush, Chief Executive Officer of CEVA, stated: “We delivered results above expectations for both revenue and non-GAAP diluted earnings per share this quarter, reflecting strong execution in our licensing business and sustained growth in royalty revenues.

During the quarter, we secured multiple strategic licensing agreements that further solidify our leadership in wireless connectivity while accelerating our expansion in artificial intelligence. Most notably, we achieved a significant milestone with the signing of a comprehensive portfolio license for our NeuPro.

Third Quarter 2025 Financial Highlights

CEVA reported total revenue of $28.4 million, representing an 11% increase on a sequential basis and 4% growth compared to the prior year period.

AI processor licensing accounted for approximately one-third of total licensing revenue during the second and third quarters, reflecting a significant inflection point in the expansion of the Company’s artificial intelligence business.

During the period, CEVA strengthened its strategic position through the execution of a NeuPro NPU portfolio licensing agreement with Microchip, alongside the signing of three additional AI DSP agreements that further expanded the Company’s presence across consumer and automotive end markets.

CEVA-powered device shipments reached 579 million units, supported by record volumes in wireless IoT deployments. Growth was driven by new highs in both Wi-Fi 6 and cellular IoT shipments, underscoring CEVA’s continued leadership and growing momentum in the wireless intellectual property market.

Stock Observation- Total revenue for the third quarter of 2025 was $28.4 million, compared with $27.2 million in the third quarter of 2024. Based on this year-over-year growth and continued momentum across licensing and royalty streams, the Company expects revenue performance to remain resilient heading into the fourth quarter of 2025. Management believes that ongoing customer adoption of CEVA’s wireless connectivity and artificial intelligence IP solutions.

Risk Involved- Financial performance of the company may have an impact on the company stock performance.

Considering all the factors and financials of the company Acrobull UK maintains Buy for the stock.

Disclaimer- Though our research is fundamentally and technically based on Acrobull UK only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrobull UK would not be liable for any loss or profit arising out through the investment made by the investors on our recommendations.

It is also advisable for the investors to consult with Financial Advisor, Broker or to seek any legal assistance as the research conducted by Acrobull UK is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull UK does not guarantee returns.

Acrobull UK Recommendation Based on Evaluation

Current Market Price	$20.94 USD
Acrobull Recommendation	Buy
Target Price	$23.60 USD
RSI Level	48 RSI
Total Shares Outstanding	27.02 Million
Shares Held by Insiders Shares Held by Institutions Risk Factor Stop Loss	3.03% 83.82% Medium 5%