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

Ceva Inc (CEVA): Louis Silver , director of Ceva Inc sold 26,000 shares on May 20, 2016. The Insider selling transaction was reported by the company on May 24, 2016 to the Securities and Exchange Commission. The shares were sold at $26.22 per share for a total value of $681,494.88 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 11, 2016, Issachar Ohana (EVP Worldwide Sales) sold 25,320 shares at $26.56 per share price.On May 10, 2016, Bruce Mann (director) sold 26,000 shares at $26.30 per share price.Also, On May 10, 2016, Zvi Limon (director) sold 6,638 shares at $26.16 per share price.On May 10, 2016, Peter Mcmanamon (director) sold 28,000 shares at $26.31 per share price.

CEVA: On Friday, May 20, 2016 heightened volatility was witnessed in CEVA which led to swings in the share price. The shares opened for trading at $25.87 and hit $26.3 on the upside , eventually ending the session at $26.2, with a gain of 2.10% or 0.54 points. The heightened volatility saw the trading volume jump to 90,447 shares. The 52-week high of the share price is $27.3 and the company has a market cap of $535,528 M . The 52-week low of the share price is at $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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