ROCKVILLE, Md., Nov. 7, 2024 /PRNewswire/ — Ceva, Inc. (NASDAQ: CEVA), the well-known licensor of silicon and tool IP that permits Ingenious Edge units to secured, sense and infer knowledge extra reliably and successfully, nowadays introduced that its Board of Administrators approved the growth of the corporate’s proportion repurchase program with an backup 700,000 stocks of regular store to be had for repurchase. As of September 30, 2024, Ceva had roughly 356,000 stocks of regular store to be had for repurchase underneath the present plan, bringing the mixture to roughly 1,056,000 stocks to be had for repurchase.
Amir Panush, CEO of Ceva, commented: “The share repurchase program expansion reflects the management and Board of Director’s confidence in the ongoing performance of Ceva’s business and long-term strategy to drive profitable growth. Our balance sheet remains strong and ensures we are well positioned to pursue non-organic growth opportunities while also returning capital to our shareholders.”
Underneath the percentage repurchase program, stocks of the corporate’s regular store could also be repurchased from hour to hour pursuant to Rule 10(b)-18 of the Securities Alternate Work of 1934, as amended out of doors of sessions when the Corporate’s buying and selling window is closed. Such repurchases could also be made within the obvious marketplace or thru privately negotiated transactions relying on marketplace situations, proportion worth, buying and selling quantity and alternative elements.
About Ceva, Inc.
At Ceva, we’re captivated with bringing unused ranges of innovation to the smart edge. Our wireless communications, sensing and Edge AI applied sciences are on the center of a few of nowadays’s maximum complex sly edge merchandise. From wi-fi connectivity IPs (Bluetooth, Wi-Fi, UWB and 5G platform IP), to scalable Edge AI NPU IPs and sensor fusion answers, now we have the broadest portfolio of IP to secured, sense and infer knowledge extra reliably and successfully. We ship differentiated answers that mix exceptional efficiency at ultra-low energy inside an overly miniature silicon footprint. Our function is unassuming – in order the silicon and tool IP to allow a better, more secure, and extra interconnected international. This philosophy is in follow nowadays, with Ceva powering greater than 18 billion of the sector’s maximum leading edge sly edge merchandise from AI-infused smartwatches, IoT units and wearables to self sufficient cars and 5G cell networks.
Our headquarters are in Rockville, Maryland with a world buyer bottom supported by way of operations international. Our staff are a few of the well-known mavens of their subjects of strong point, constantly fixing probably the most complicated design demanding situations, enabling our consumers in order leading edge sly edge merchandise to marketplace.
Ceva is a sustainability- and environmentally-conscious corporate, adhering to our Code of Industry Behavior and Ethics. As such, we emphasize and concentrate on environmental preservation, recycling, the welfare of our staff and privateness – which we endorse on a company degree. At Ceva, we’re dedicated to social duty, values of preservation and awareness against those functions.
Ceva: Powering the Ingenious Edge™
Consult with us at www.ceva-ip.com and apply us on LinkedIn, X, YouTube, Facebook, and Instagram.
Ahead Having a look Statements
This press reduce accommodates forward-looking statements that contain dangers and uncertainties, in addition to suppositions that in the event that they materialize or turn out improper, may just reason the result of Ceva to fluctuate materially from the ones expressed or implied by way of such forward-looking statements and suppositions. Ahead-looking statements come with Mr. Panush’s statements referring to control and the Board’s self belief within the ongoing efficiency of Ceva’s industry and long-term solution to force winning expansion and trust that the power of Ceva’s steadiness sheet guarantees Ceva is definitely located to pursue non-organic expansion alternatives pace returning capital to shareholders. The hazards, uncertainties and suppositions that might reason differing Ceva effects come with: the impact of intense trade festival; the power of Ceva’s applied sciences and merchandise incorporating Ceva’s applied sciences to succeed in marketplace acceptance; Ceva’s talent to fulfill converting wishes of end-users and evolving marketplace calls for; the cyclical nature of and common financial situations within the semiconductor trade; Ceva’s talent to diversify its royalty streams and license revenues; Ceva’s talent to proceed to generate important revenues from the handset baseband marketplace and to penetrate unused markets; instability and disruptions alike to the continuing Israel–Gaza struggle; and common marketplace situations and alternative dangers when it comes to Ceva’s industry, together with, however no longer restricted to, the ones which might be described from hour to hour in our SEC filings. Ceva assumes incorrect legal responsibility to replace any forward-looking statements or knowledge, which talk as in their respective dates.
Brand: https://mma.prnewswire.com/media/74483/ceva__inc__logo.jpg
SOURCE Ceva, Inc.
WANT YOUR COMPANY’S NEWS FEATURED ON PRNEWSWIRE.COM?
440k+
Newsrooms &
Influencers
9k+
Virtual Media
Retailers
270k+
Newshounds
Opted In
