CEVA saw its IBD SmartSelect Composite Rating jump to 96 Monday, up from 94 the day before.
The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. The market's biggest winners often have a 95 or higher rating in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
CEVA has now climbed above a proper buy zone after clearing the 24.87 entry in a cup with handle.
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One weak spot is the company's 60 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
In Q4, the company reported 10% earnings-per-share growth. Revenue growth increased 21%, up from 13% in the prior quarter. That marks one quarter of accelerating revenue gains.
CEVA holds the No. 5 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom is the No. 1-ranked stock within the group.
