In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ceva Inc. (NASDAQ:CEVA) reported that Awm Investment Company, Inc. has picked up 997,487 of common stock as of 2017-06-09.
The acquisition brings the aggregate amount owned by Awm Investment Company, Inc. to a total of 997,487 representing less than 4.6% stake in the company.
For those not familiar with the company, CEVA, Inc. (CEVA) is a licensor of signal processing intellectual property (IP). The Company partners with semiconductor companies and original equipment manufacturers (OEMs) to create connected devices for a range of end markets, including mobile, consumer, automotive, industrial and Internet of things (IoT). The Company operates in the segment of licensing of intellectual property to semiconductor companies and electronic equipment manufacturers. CEVA addresses the requirements of the mobile, consumer, automotive, industrial and IoT markets by designing and licensing a range of application-specific signal processing platforms, which enable the design of solutions for developing a range of applications, including communications and connectivity, audio and voice, imaging and vision, and storage.
A glance at Ceva Inc. (NASDAQ:CEVA)’s key stats reveals a current market capitalization of 916.42 Million based on 21.55 Million shares outstanding and a price at last close of $45.20 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2014-07-01, Rima picked up 57 at a purchase price of $15.18. This brings their total holding to 328,399 as of the date of the filing.
On the sell side, the most recent transaction saw Ohana unload 3,900 shares at a sale price of $42.40. This brings their total holding to 26,272.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Ceva Inc. (NASDAQ:CEVA) as things move forward to see if its progress aligns with these transactions.
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