Ceva Inc (CEVA) Files Form 4 Insider Selling : Bruce Mann Sells 26,000 Shares

Ceva Inc (CEVA): Bruce Mann , director of Ceva Inc sold 26,000 shares on May 4, 2016. The Insider selling transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were sold at $26.30 per share for a total value of $683,800.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Nov 24, 2015, Eliyahu Ayalon (director) sold 19,168 shares at $25.04 per share price.On Nov 12, 2015, Gideon Wertheizer (Chief Executive Officer) sold 36,113 shares at $25.90 per share price.Also, On Nov 10, 2015, Bruce Mann (director) sold 19,985 shares at $24.90 per share price.On Sep 1, 2015, Louis Silver (director) sold 5,500 shares at $18.96 per share price.

Shares of CEVA (CEVA) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.69 points or -2.58% at $26.01 with 3,70,311 shares getting traded. Post opening the session at $26.16, the shares hit an intraday low of $25.75 and an intraday high of $26.69 and the price vacillated in this range throughout the day. The company has a market cap of $533 M and the number of outstanding shares has been calculated to be 2,05,09,464 shares. The 52-week high of CEVA is $27.3 and the 52-week low is $16.54.

CEVA Money Flow Index Chart

Company has been under the radar of several Street Analysts.CEVA is Reiterated by Topeka Capital Markets to Buy and the brokerage firm has raised the Price Target to $ 28 from a previous price target of $27 .The Rating was issued on May 2, 2016.

CEVA Inc. is a licensor of cellular multimedia and connectivity technologies to semiconductor companies and original equipment manufacturers (OEMs) serving the mobile consumer automotive and Internet of things (IoT) markets. The Company licenses a family of programmable digital signal processing (DSP) cores and application-specific platforms vision imaging audio and voice as well as communications technologies including wireless and wired modems Wi-Fi Bluetooth and Serial ATA (SATA) and Serial Attached SCSI (SAS). Its DSP intellectual property (IP) portfolio includes platforms for multimode 2G/3G /LTE/LTE-A baseband processing in cellular and infrastructure computer vision and computational photography for camera-enabled device audio/voice/speech and ultra-low power always-on/sensing applications for multiple IoT markets. For connectivity the Company offers IPs for Bluetooth (Smart and Smart Ready) Wi-Fi (802.11 b/g/n/ac up to 4×4) and serial storage (SATA and SAS).

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