CEVA is also one of my favorite stockI am long term bullish on CEVA and expecting it to reach its first target in next few months around $70 and then potentially test previous highs and breakout. Current priced bounced from 0.50 Fib (it did went little more further but reversed) and technically speaking should go to $70.00 and so on... RSI shows bullish divergence on daily as well also double bottom.
It's a great company with strong fundamentals.
CEVA trade ideas
CEVA: a 5G small company with great growth prospectsCEVA’s long- and mid-term trend charts are presented.
CEVA is probably in the beginning of a strong long-term rise.
CEVA is a leading licensor of wireless connectivity and smart sensing technologies. CEVA offers Digital Signal Processors,
AI processors, wireless platforms and complementary software for sensor fusion, image enhancement, computer vision,
voice input and artificial intelligence, all of which are key enabling technologies for a connected world.
CEVA partners with semiconductor companies and OEMs worldwide to create power-efficient, intelligent and connected devices
for a range of end markets, including mobile, consumer, automotive, robotics, industrial and IoT.
CEVA’s ultra-low-power IPs include comprehensive DSP-based platforms for 5G baseband processing in mobile and infrastructure,
advanced imaging and computer vision for any camera-enabled device and audio/voice/speech and ultra-low power always-on/sensing
applications for multiple IoT markets.
For sensor fusion, CEVA’s Hillcrest Labs sensor processing technologies provide a broad range of sensor fusion software and IMU solutions
for AR/VR, robotics, remote controls, and IoT.
For artificial intelligence, CEVA offers a family of AI processors capable of handling the complete gamut of neural network workloads, on-device.
For wireless IoT, CEVA offers the industry's most widely adopted IPs for Bluetooth (low energy and dual mode), Wi-Fi 4/5/6 (802.11n/ac/ax) and NB-IoT.
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Recently CEVA announced an open licensing agreement with the U.S. Defense Advanced Research Projects Agency (DARPA) to accelerate
technology innovation for DARPA programs. The partnership, as part of the DARPA Toolbox initiative, establishes an access framework under
which DARPA organizations can access all of CEVA's commercially available IPs, tools and support to expedite their programs.
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Notice also that 90.14% of CEVA’s float is held by 246 institutions and the top institutional holders are Blackrock Inc. 15.37%,
Vanguard Group Inc. 9.81% and iShares Core S&P Smallcap ETF 6.43%.
Prompt: New traders should take some time and carefully read the post entitled 'You can't beat the market' that is located in my profile.
Disclaimer
The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only.
It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances,
it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
Ceva Inc Trade setupEntry level $29.65
Target Price $33.97
Stop loss $28.70
Average Recommendation: Overweight
Average Target Price:$ 32.17
Company profile
CEVA, Inc. engages in the licensing of signal processing platforms and artificial intelligence processors to chip manufacturers. It operates through the following geographical segments: United States, Europe and Middle East, and Asia Pacific. Its portfolio include platforms for 5G baseband processing for handsets and radio access network; offerings for cellular internet of things; front-end voice and speech recognition software and algorithms with digital signal processing for voice enabled devices and AI assistants; imaging and computer vision for any camera-enabled device; and a self-contained AI processors. The company was founded on November 22, 1999 and is headquartered in Mountain View, CA.
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CEVA: double bottomMy trading software has detected a double bottom in CEVA. The price is currently under the breakout line, but I suspect it will move north soon (it happens often in this pattern that the price dips - actually the stock is a bit cheaper now).
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CEVA LongLast Friday, overall tech stocks plunged due to a macro event where Robert Boroujerdi, global chief investment officer at Goldman Sachs, warned that low volatility in Facebook, Amazon.com, Apple, Microsoft and Google parent Alphabet may be blinding investors to risks such as cyclicality and regulation.
Through this I identified a few major tech counters that would rebound first (AMD, NVIDIA, MU, SQ). I then looked at companies in a similar industry that had lower volumes and focused on the fundamentally strong companies.
CEVA was one of these companies that had repeatedly over delivered in their earnings, the Ceva chart was also on an uptrend prior to this bearish plunge. Using Fibs as an entry and exit let's see how this goes