CEVA (CEVA) Starts Underwritten Public Offering

CEVA +4.75%

CEVA, Inc. (NASDAQ:CEVA) is one of the best Semiconductor Stocks to Buy Heading into 2026. On November 17, the company announced that it started an underwritten public offering of 3,000,000 shares of its common stock. CEVA, Inc. (NASDAQ:CEVA) also agreed to grant the underwriters a 30-day option to buy up to an additional 450,000 shares of the common stock.

CEVA, Inc. (NASDAQ:CEVA) plans to use net proceeds to finance potential acquisitions of, or investments in, complementary technologies or businesses. It might also use net proceeds for working capital, capital expenditures, share repurchases, and other general corporate purposes.

In a separate development, CEVA, Inc. (NASDAQ:CEVA) saw total revenues of $28.4 million in Q3 2025 compared to $27.2 million in Q3 2024, with licensing and related revenue rising 2.9% and royalty revenue increasing 6.2%. CEVA, Inc. (NASDAQ:CEVA)’s non-GAAP net income and diluted income per share for Q3 2025 amounted to $2.7 million and $0.11, respectively. Overall, the company surpassed expectations on both revenue and non-GAAP diluted income per share due to robust licensing execution and strong royalty growth.

For Q4 2025, the company expects total revenue of between $29 million – $33 million.

CEVA, Inc. (NASDAQ:CEVA) offers silicon and software IP solutions to semiconductor and OEM companies in the US, Europe, the Middle East, the Asia Pacific, and internationally.

While we acknowledge the potential of CEVA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.