Wunderlich Securities Sees Big Changes Since Last Year for CEVA

In a report published Wednesday, Wunderlich Securities analyst Matthew S. Robison reiterated a Buy rating and $20.00 price target on

. In the report, Wunderlich Securities noted, “Yesterday we visited the CEVA Consumer Electronics Show Suite. The most notable changes from last year were progression in machine vision applications and connectivity (Wi-Fi and Bluetooth). Both play to the burgeoning industry attention on Internet of Things (IoT), with machine vision heavy on digital signal processor (DSP) requirements and connectivity taking both hardware and software SoC technology, which the company now offers since acquiring RivieraWave in July. Vision has progressed significantly with more tangible demonstrations ranging from pedestrian recognition and obstacle ranging for automotive use to facial recognition for device activation.” CEVA closed on Tuesday at $17.53.