The Non-Executive of Ceva is Exercising Options

Yesterday it was reported that the Non-Executive of Ceva (CEVAResearch Report), Maria Marced, exercised options to sell 16,607 CEVA shares for a total transaction value of $1.16M.

Following Maria Marced’s last CEVA Sell transaction on August 16, 2018, the stock climbed by 42.0%. In addition to Maria Marced, 11 other CEVA executives reported Sell trades in the last month.

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The company has a one-year high of $83.95 and a one-year low of $20.45. Currently, Ceva has an average volume of 746.80K. CEVA’s market cap is $1.56 billion and the company has a P/E ratio of -670.90.

Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $76.40, reflecting a -4.1% downside.

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CEVA, Inc. engages in the licensing of signal processing platforms and artificial intelligence processors to chip manufacturers. It operates through the following geographical segments: United States, Europe and Middle East, and Asia Pacific. Its portfolio include platforms for 5G baseband processing for handsets and radio access network; offerings for cellular internet of things; front-end voice and speech recognition software and algorithms with digital signal processing for voice enabled devices and AI assistants; imaging and computer vision for any camera-enabled device; and a self-contained AI processors. The company was founded on November 22, 1999 and is headquartered in Mountain View, CA.