CEVA Inc. (NASDAQ:CEVA) stock is up during Monday’s premarket session as the company disclosed a landmark AI licensing deal with a major U.S. software and AI platform company.
Lands AI Licensing Deal for Custom Silicon Program
CEVA said Monday it signed an AI licensing agreement with a major U.S. software and AI platform company for a custom AI silicon program targeting next-generation intelligent computing devices.
The customer selected CEVA’s NeuPro-M neural processing unit (NPU) IP to power on-device AI inference, including generative AI, multimodal AI and agentic AI workloads.
CEVA said the deal expands its customer base beyond semiconductor companies and device makers to software platform companies developing custom chips for improved performance, power efficiency and user experience.
The company also collaborated with the customer on neural network optimizations to improve inference efficiency and performance.
Technical Analysis: Key Levels And Momentum
CEVA has shown strong performance over the past year, with shares up nearly 84% in the last 12 months. Currently, the stock is trading at $43.81, which is about 5.5% below its 20-day simple moving average (SMA) of $45.23 but 7.9% above its 50-day SMA of $39.60. The 100-day SMA stands at $29.97, indicating a robust upward trend over a longer timeframe.
The Relative Strength Index (RSI) currently sits at 45.32, suggesting a neutral momentum, which means the stock is neither overbought nor oversold at this time. This level indicates that there may be room for further upward movement if buying pressure increases. The recent golden cross, where the 50-day SMA crossed above the 200-day SMA in May, adds a bullish sentiment to the technical outlook.
- Key Resistance: $45.23 — this level aligns with the 20-day SMA, which has historically acted as a barrier for upward movement.
- Key Support: $40.00 — a nearby level where buyers previously stepped in, providing a cushion against further declines.
What CEVA Does
CEVA is a licensor of signal-processing intellectual property. Through partnerships with semiconductor companies and original equipment manufacturers globally, the company helps produce devices for a range of end markets. OEMs and semiconductor companies choose to sell products with CEVA equipment to wireless, consumer, automotive, and Internet of Things companies.
Earnings And Analyst Outlook
CEVA is slated to provide its next financial update on August 10, 2026 (estimated).
- EPS Estimate: 3 cents (Down from 7 cents)
- Revenue Estimate: $28.13 million (Up from $25.68 million)
Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $40.80. Recent analyst moves include:
- Needham: Initiated with Buy (Forecast of $55.00) (June 15)
- UBS: Buy (Raises forecast to $48.00) (May 12)
- Rosenblatt: Buy (Raises forecast to $45.00) (May 12)
CEVA Benzinga Edge Scorecard
Below is the Benzinga Edge scorecard for CEVA, highlighting its strengths and weaknesses compared to the broader market:
- Momentum: Bullish (Score: 96.15) — Stock is outperforming the broader market.
The Verdict: CEVA’s Benzinga Edge signal reveals a strong momentum-driven story, indicating positive market sentiment and potential for further gains as the company capitalizes on its recent AI licensing agreement.
CEVA Stock Price Activity: CEVA shares were up 8.39% at $43.81 during premarket trading on Monday, according to Benzinga Pro data.
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