🔴 CEVA is trading 5.9% down today on post-earnings profit-taking and semiconductor sector weakness

CEVA is trading 5.9% down at $39.50 as investors continue to take profits following its Q1 2026 earnings release, which beat estimates but lacked explicit forward guidance.

• Despite the earnings beat, weaker year-over-year non-GAAP results have prompted a pullback from recent highs.
• The decline is compounded by overbought technical conditions and a broader sell-off in semiconductor stocks, including memory chip names and the SOXX ETF.