Financial Analysis: CEVA (CEVA) versus TOKYO ELECTRON/ADR (TOELY)
CEVA (NASDAQ:CEVA) and TOKYO ELECTRON/ADR (OTCMKTS:TOELY) are both computer and technology companies, but which is the better investment? We will contrast the two companies based on the strength of their profitability, institutional ownership, earnings, risk, analyst recommendations, valuation and dividends.
This is a summary of current recommendations and price targets for CEVA and TOKYO ELECTRON/ADR, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Valuation and Earnings
This table compares CEVA and TOKYO ELECTRON/ADR’s top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|TOKYO ELECTRON/ADR||$10.21 billion||2.25||$1.92 billion||$2.88||12.08|
TOKYO ELECTRON/ADR has higher revenue and earnings than CEVA. TOKYO ELECTRON/ADR is trading at a lower price-to-earnings ratio than CEVA, indicating that it is currently the more affordable of the two stocks.
This table compares CEVA and TOKYO ELECTRON/ADR’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
Volatility & Risk
CEVA has a beta of 1.75, indicating that its stock price is 75% more volatile than the S&P 500. Comparatively, TOKYO ELECTRON/ADR has a beta of 1.54, indicating that its stock price is 54% more volatile than the S&P 500.
TOKYO ELECTRON/ADR pays an annual dividend of $1.47 per share and has a dividend yield of 4.2%. CEVA does not pay a dividend. TOKYO ELECTRON/ADR pays out 51.0% of its earnings in the form of a dividend.
Insider & Institutional Ownership
88.7% of CEVA shares are held by institutional investors. Comparatively, 0.7% of TOKYO ELECTRON/ADR shares are held by institutional investors. 3.0% of CEVA shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
CEVA beats TOKYO ELECTRON/ADR on 9 of the 16 factors compared between the two stocks.
CEVA, Inc. licenses signal processing platforms and artificial intelligence processors for semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, industrial, and Internet-of Things (IoT) markets worldwide. The company licenses a family of programmable digital signal processor (DSP) cores and application-specific platforms for imaging, computer vision, deep learning, sound, voice, and audio processing; and long range wireless technologies for LTE/5G baseband processing in IoT, handsets, and infrastructure, as well as short range wireless platforms for Wi-Fi and Bluetooth. Its technologies are licensed in the form of intellectual property (IP), which is used for the design, manufacture, market, and sale of application-specific integrated circuits and application-specific standard products to wireless, consumer electronics, and automotive companies for incorporation into various end products. The company designs and licenses DSP cores in the form of a hardware description language definition; DSP-based platforms for 5G baseband processing in cellular handsets, machine to machine type devices and base stations RAN, wired communications, advanced imaging, computer vision, audio/voice/ sensing, and IoT applications; and development platforms, software development kits, and software debug tools that facilitate system design, debug, and software development. Its products are primarily deployed in various markets, such as smartphones, tablets, drones, surveillance cameras, wearables, automotive ADAS, and industrial IoT applications, as well as Bluetooth and Wi-Fi connected consumer and medical products. CEVA, Inc. licenses its technology through a direct sales force. The company was formerly known as ParthusCeva, Inc. and changed its name to CEVA, Inc. in December 2003. CEVA, Inc. was founded in 1999 and is headquartered in Mountain View, California.
About TOKYO ELECTRON/ADR
Tokyo Electron Limited, together with its subsidiaries, develops, manufactures, distributes, and sells semiconductor and flat panel display (FPD) production equipment in Japan, North America, Europe, South Korea, Taiwan, China, and internationally. The company's Semiconductor Production Equipment segment offers coaters/developers, plasma etch systems, and single wafer deposition systems and cleaning systems used in wafer processing; wafer probers used in wafer testing process; and electrochemical deposition systems and wafer bonders/debonders used in packaging processes. Its Flat Panel Display Production Equipment segment provides coaters/developers and plasma etch/ash systems for use in the manufacture of FPDs, as well as inkjet printing systems for manufacturing OLED panels. The company also offers logistic, facility maintenance, and insurance services. Tokyo Electron Limited was founded in 1963 and is headquartered in Tokyo, Japan.
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