May. 18 at 12:18 PM
$CEVA Book Value is
$11. You are getting the “business” for
$10/sh. 1 stop shop for all
$AAPL Global MODEM, WIFI, Bluetooth, Aiot, for
$234M
(23.4m sh out X
$10 )=
$234M
Semi Index
$SMH trades at p/b = 5
CEVA P/B = 1.93
IfCeva had the same P/B as the index , stock gets a price of
$33 which happens to be JP Morgan’s target.
