Ceva stabilizes after $59 mln stock offering priced

Ceva

19/11/2025 12:53

** Shares of Ceva CEVA.O, licensor of silicon and software intellectual property solutions for connected devices, up 0.6% premarket at $20.29 after follow-on priced

    ** Rockville, Maryland-based firm late Tues sold 3 mln shares at $19.50 for $58.5 mln gross proceeds

      ** Offering price represents 3.3% discount to stock's last sale on Tues

      ** CEVA on Tues slid 14.5% to close at a five-month low amid overall market selloff after co commenced the offering to increase financial flexibility, obtain capital and boost its public float

        ** Through Tues, CEVA shed 26% over prior four sessions, putting stock down 36% YTD

** JP Morgan is lead bookrunner for offering, joined by UBS as junior active bookrunner

    ** 5 of 6
     analysts rate CEVA "strong buy" or "buy", 1 rates "hold"; their median PT is $35, per LSEG

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))