CEVA, Inc. Adopts Rule 10b5-1 Stock Repurchase Plan
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CEVA, Inc. [(Nasdaq: CEVA) announced that it has adopted a share repurchase plan in accordance with Rule 10b5-1 of the United States Securities Exchange Act of 1934, as amended, to repurchase up to 500,000 shares of the Company's common stock. The shares subject to the plan are within the 1,000,000 shares of common stock previously authorized by the Company's board of directors for repurchase.
CEVA is a leading licensor of silicon intellectual property (SIP) platform solutions and DSP cores for mobile, consumer electronics and storage applications.
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