Why These 15 Semiconductor Stocks Are Skyrocketing So Far In 2025

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11. CEVA Inc (NASDAQ:CEVA)

Number of Hedge Fund Holders In Q3 2024: 17

CEVA Inc (NASDAQ:CEVA) is a semiconductor intellectual property (IP) licensor. It specializes in digital signage processing (DSP) and AI processors.

The stock is up notably so far in 2025 due to a solid AI and Wi-Fi 6 momentum. It announced that Chinese chipmaker WUQI licensed its Ceva-Waves Wi-Fi 6 IP for a new combo chip (WQ9201).

CEVA also partnered with Edge Impulse to streamline AI model deployment on its NeuPro-Nano NPUs. It targets AIoT and MCU markets. Plus, it has integrated with NVIDIA’s TAO Toolkit to make its computer vision better.

Moreover, Q3 2024 earnings came in solid. Revenue grew 13% year-over-year to $27.2 million. Non-GAAP EPS grew to $0.14, up 133% year-over-year, and the expectations for 2024 revenue growth growth were raised to 7% to 9%.

The consensus price target of $34.2 implies 0.5% upside.

CEVA stock is up 6.85% year-to-date.

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