CEVA INC
CEVA · Services-Computer Programming, Data Processing, Etc. · 27.9M shares · +1%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: -$10M (gross $6M, SBC $16M)
Reference price $19.15 · est. market cap ~$534M — last insider purchase, 2026-02-23 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C54DSP/IP licensor at a net loss with cash burn this year, but a cash-rich, debt-free balance sheet.
Strengths
- Cash-rich, debt-free — current ratio 9.93 (96th)
- Improving bottom line — net income +21.1% (67th)
Risks
- Net loss and cash burn — ROE -3.2%, FCF -$6.3M
- Royalty-timing volatility and customer concentration — per 10-K
- Small scale — per 10-K
Notable findings
- High convictionHigh conviction — notable institutional holders, insider buying, and a strong balance sheet
- Cash burnNegative free cash flow (-6.3M)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Strong balance sheetStrong balance sheet — $220M cash & investments, ~140 quarters of runway
- Insider buyingInsider buying — 3 open-market buy(s) by 3 insider(s) (cluster of 3 insiders, ~$173,906, last 6mo) Form 4 ↗
- Notable holderHeld by 5 notable fund(s): STATE STREET CORP, GOLDMAN SACHS GROUP INC, RENAISSANCE TECHNOLOGIES LLC +2 more (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Return on equity
-3.2%
Return on assets
-2.7%
Revenue growth (QoQ)
11.5%
Current ratio
9.9×
Free cash flow
-$6M
Tangible book value
$277M
Cash & investments
$220M
Cash runway
140q
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-09 | MCMANAMON PETER | Tax withheld | 8.3K | $45.66 |
| 2026-06-09 | MCMANAMON PETER | Grant | 0 | — |
| 2026-06-09 | MCMANAMON PETER | Option exercise | 14K | $27.17 |
| 2026-06-09 | SILVER LOUIS | Option exercise | 13K | $27.17 |
| 2026-06-09 | SILVER LOUIS | Tax withheld | 7.7K | $45.66 |
| 2026-06-02 | Andrietti Bernadette | Grant | 3.3K | — |
| 2026-06-02 | MCMANAMON PETER | Grant | 3.3K | — |
| 2026-06-02 | MCMANAMON PETER | Grant | 0 | — |
| 2026-06-02 | SILVER LOUIS | Grant | 3.3K | — |
| 2026-06-02 | Marced Maria | Grant | 3.3K | — |
| 2026-06-02 | Liu Jaclyn | Grant | 3.3K | — |
| 2026-06-02 | FAINTUCH AMIR | Grant | 3.3K | — |
| 2026-05-20 | Toquet Gweltaz | Disposition | 21K | $37.50 |
| 2026-05-15 | Boukaya Michael | Disposition | 19K | $36.13 |
| 2026-05-15 | Boukaya Michael | Disposition | 1.1K | $36.13 |
| 2026-02-23 | Liu Jaclyn | Buy | 1.3K | $19.15 |
| 2026-02-20 | Arieli Yaniv | Buy | 2.5K | $19.34 |
| 2026-02-19 | Arieli Yaniv | Grant | 18K | — |
| 2026-02-19 | Toquet Gweltaz | Grant | 18K | — |
| 2026-02-19 | Boukaya Michael | Grant | 13K | — |
| 2026-02-19 | Panush Amir | Buy | 5.1K | $19.70 |
| 2026-02-19 | Panush Amir | Grant | 51K | — |
| 2026-02-15 | Boukaya Michael | Grant | 4.6K | — |
| 2026-02-15 | Toquet Gweltaz | Grant | 4.6K | — |
| 2026-02-15 | Panush Amir | Grant | 26K | — |
| 2026-02-15 | Arieli Yaniv | Grant | 5.2K | — |
| 2025-06-30 | MCMANAMON PETER | Option exercise | 14K | $19.43 |
| 2025-06-30 | MCMANAMON PETER | Grant | 0 | — |
| 2025-05-05 | MCMANAMON PETER | Grant | 6.2K | — |
| 2025-05-05 | MCMANAMON PETER | Grant | 0 | — |
| 2025-05-05 | Liu Jaclyn | Grant | 6.2K | — |
| 2025-05-05 | FAINTUCH AMIR | Grant | 6.2K | — |
| 2025-05-05 | Andrietti Bernadette | Grant | 6.2K | — |
| 2025-05-05 | Marced Maria | Grant | 6.2K | — |
| 2025-05-05 | SILVER LOUIS | Grant | 6.2K | — |
| 2025-05-05 | NILSSON SVEN CHRISTER | Grant | 6.2K | — |
| 2025-05-05 | Toquet Gweltaz | Grant | 14K | — |
| 2025-05-05 | Panush Amir | Grant | 35K | — |
| 2025-05-05 | Boukaya Michael | Grant | 14K | — |
| 2025-05-05 | Arieli Yaniv | Grant | 16K | — |
| 2025-03-14 | SILVER LOUIS | Option exercise | 13K | $19.43 |
| 2025-03-14 | SILVER LOUIS | Tax withheld | 8.5K | $30.98 |
| 2025-03-14 | SILVER LOUIS | Sell | 4.5K | $30.98 |
| 2025-02-12 | Boukaya Michael | Grant | 13K | — |
| 2025-02-12 | Panush Amir | Grant | 62K | — |
| 2025-02-12 | Arieli Yaniv | Grant | 15K | — |
| 2025-02-12 | Toquet Gweltaz | Grant | 10K | — |
| 2025-01-28 | FAINTUCH AMIR | Grant | 3.8K | — |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (1)
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-03 | Shareholder vote | filing ↗ |
| 2026-05-11 | ResultsExhibits | filing ↗ |
| 2026-04-20 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-02-17 | ResultsExhibits | filing ↗ |
| 2025-12-01 | Exhibits | filing ↗ |
| 2025-11-19 | Material agreementOtherExhibits | filing ↗ |
| 2025-11-10 | ResultsExhibits | filing ↗ |
| 2025-08-11 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-03 | 2026-06-02 | 0001437749-26-019363 ↗ |
| 8-K | 2026-05-11 | 2026-05-11 | 0001437749-26-015998 ↗ |
| 10-Q | 2026-05-11 | 2026-03-31 | 0001437749-26-016119 ↗ |
| 8-K | 2026-04-20 | 2026-04-20 | 0001437749-26-012843 ↗ |
| 10-K | 2026-02-27 | 2025-12-31 | 0001437749-26-006091 ↗ |
| 8-K | 2026-02-17 | 2026-02-17 | 0001437749-26-004232 ↗ |
| 8-K/A | 2025-12-01 | 2025-11-17 | 0001437749-25-036506 ↗ |
| 8-K | 2025-11-19 | 2025-11-17 | 0001437749-25-035656 ↗ |
| 8-K | 2025-11-10 | 2025-11-10 | 0001437749-25-033972 ↗ |
| 10-Q | 2025-11-10 | 2025-09-30 | 0001437749-25-034103 ↗ |
| 10-Q | 2025-08-11 | 2025-06-30 | 0001437749-25-025932 ↗ |
| 8-K | 2025-08-11 | 2025-08-11 | 0001437749-25-025825 ↗ |