Ceva (0Q19) Price & Analysis

CEVA, Inc. is a global provider of intellectual property (IP) for advanced wireless connectivity and intelligent sensing solutions, serving semiconductor manufacturers and original equipment manufacturers (OEMs). The company specializes in developing and licensing a broad range of digital signal processors (DSPs), AI accelerators, wireless communication platforms, and complementary software. These offerings are engineered to support applications such as sensor data integration, image enhancement, machine vision, voice command processing, and artificial intelligence. CEVA's extensive IP portfolio features DSP-driven platforms for 5G baseband processing in mobile, IoT, and infrastructure environments, alongside sophisticated imaging and computer vision capabilities for all camera-enabled devices. They also offer ultra-low power audio, voice, and speech processing, including always-on sensing functionalities for a wide spectrum of IoT markets. Furthermore, their solutions include sensor fusion software and Inertial Measurement Unit (IMU) technologies, specifically designed for hearables, wearables, augmented/virtual reality (AR/VR) systems, personal computers, robotics, remote controls, and other IoT applications. The company also provides comprehensive wireless IoT IP, encompassing standards like Bluetooth, Wi-Fi (4/5/6/6E), Ultra-wideband (UWB), and Narrowband IoT (NB-IoT). Customers integrate CEVA's technologies into their Application-Specific Integrated Circuits (ASICs) and Application-Specific Standard Products (ASSPs). These ultimately enable a vast array of end products across the mobile, consumer, automotive, robotics, industrial, aerospace and defense, and broader Internet of Things (IoT) sectors. CEVA delivers its DSP cores, platforms, and AI processors as hardware description language (HDL) definitions. To facilitate partner development, the company also provides essential development platforms, software development kits (SDKs), and debugging tools, which streamline system design and software integration. Technology licensing is handled through a direct sales force. Incorporated in 1999 and formerly known as ParthusCeva, Inc. until its rebranding in December 2003, CEVA, Inc. is headquartered in Rockville, Maryland.