CEVA shares rise as UBS initiates coverage with ‘Buy’ rating

CEVA shares rise as UBS initiates coverage with ‘Buy’ rating Proactive uses images sourced from Shutterstock UBS has initiated coverage of CEVA with a Buy rating and a $27 price target, noting that the semiconductor IP provider’s growth outlook is not fully reflected in its valuation. The firm pointed to CEVA’s strong position in connectivity intellectual property and an emerging opportunity in edge AI computing. CEVA supplies IP for wireless technologies such as Wi-Fi and Bluetooth while building a newe ...