In a recent filing with the Securities and Exchange Commission, Louis Silver, a director at CEVA Inc. (NASDAQ:CEVA), reported selling 4,520 shares of the company’s common stock. The semiconductor IP company, currently valued at $730 million, has seen its stock surge 33% over the past six months, according to InvestingPro data. The transaction, which took place on March 14, 2025, was executed at a price of $30.98 per share, amounting to a total sale value of $140,029. The sale price was slightly above the current trading price of $30.65, with InvestingPro analysis indicating the stock may be overvalued at current levels.
Silver also engaged in other transactions on the same day. He exercised stock options to acquire 13,000 shares at a price of $19.43 per share, resulting in a total purchase value of $252,590. Additionally, a net exercise of outstanding stock options led to the acquisition of 4,520 shares, while 8,480 shares were forfeited to cover the exercise price, valued at $262,710.
Following these transactions, Silver holds 47,038 shares of CEVA common stock, which includes 38,136 outstanding shares and 8,902 unvested restricted stock units (RSUs).
In other recent news, CEVA Inc. reported impressive fourth-quarter results for 2024, with revenue reaching $29.2 million and adjusted earnings per share of $0.11, both surpassing analysts’ estimates. Oppenheimer analyst Martin Yang responded by raising the price target for CEVA to $40, citing the company’s strong performance and strategic agreements in connectivity and AI. CEVA also announced a new executive compensation plan, including bonuses tied to 2025 revenue and operating profit targets, with additional incentives based on internal metrics. The company secured a significant licensing deal with ListenAI Technology, integrating CEVA’s Wi-Fi 6 IP into edge AI devices, enhancing connectivity for various applications. Furthermore, CEVA expanded its Board of Directors by appointing Amir Faintuch, a seasoned tech executive, aiming to strengthen its strategic direction in the smart edge AI sector. The company also updated its non-employee director compensation policy, increasing cash retainers and equity grants. These developments reflect CEVA’s ongoing efforts to enhance its market position and drive future growth.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.