Senvest Amends CEVA Inc. Stake, Signals Portfolio Rebalance

TL;DR

**Senvest Management just updated their CEVA Inc. holdings, watch for potential stock movement.**

AI Summary

Senvest Management, LLC filed an amended SC 13G/A on February 9, 2024, indicating a change in their ownership of CEVA Inc. common stock as of December 31, 2023. This filing updates their previous disclosure, signaling a potential shift in their investment strategy or a rebalancing of their portfolio. For investors, this matters because significant changes in institutional ownership can influence stock price and reflect a major investor's confidence (or lack thereof) in the company's future prospects.

Why It Matters

Changes in institutional ownership can signal shifts in market sentiment or a major investor's confidence in CEVA Inc.'s future, potentially impacting its stock price.

Risk Assessment

Risk Level: medium — While not inherently negative, a change in a significant holder's position introduces uncertainty about their future intentions and the stock's stability.

Analyst Insight

Investors should monitor subsequent filings from Senvest Management, LLC and CEVA Inc. to understand the specific changes in ownership percentage and the rationale behind them, as this filing only indicates an amendment without detailing the exact change in shares or percentage.

Key Players & Entities

• Senvest Management, LLC (company) — the entity filing the SC 13G/A, reporting changes in their ownership of CEVA Inc.
• CEVA Inc. (company) — the subject company whose common stock is being reported on in the SC 13G/A filing.
• December 31, 2023 (date) — the date of the event which required the filing of this statement, indicating the snapshot of ownership.
• February 9, 2024 (date) — the date the SC 13G/A amendment was filed with the SEC.

FAQ

Key Financial Figures

• $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securitie

Filing Documents

• p24-0212sc13ga.htm (SC 13G/A) — 56KB
• 0000902664-24-001372.txt ( ) — 58KB

(a)

Item 1(a). Name of Issuer. Ceva, Inc. (the " Issuer ")

(b)

Item 1(b). Address of Issuer's Principal Executive Offices. 15245 Shady Grove Road, Suite 400, Rockville, MD 20850

(a)

Item 2(a). Name of Person Filing. This statement is filed by Senvest Management, LLC and Richard Mashaal. The reported securities are held in the account of Senvest Master Fund, LP and Senvest Technology Partners Master Fund, LP (collectively, the " Investment Vehicles "). Senvest Management, LLC may be deemed to beneficially own the securities held by the Investment Vehicles by virtue of Senvest Management, LLC's position as investment manager of the Investment Vehicles. Mr. Mashaal may be deemed to beneficially own the securities held by the Investment Vehicles by virtue of Mr. Mashaal's status as the managing member of Senvest Management, LLC. None of the foregoing should be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of the securities reported herein.

(b)

Item 2(b). Address of Principal Business Office. Senvest Management, LLC 540 Madison Avenue, 32 nd Floor New York, New York 10022 Richard Mashaal c/o Senvest Management, LLC 540 Madison Avenue, 32 nd Floor New York, New York 10022

(c)

Item 2(c). Place of Organization. Senvest Management, LLC – Delaware Richard Mashaal – Canada

(d)

Item 2(d). Title of Class of Securities. Common Stock, par value $0.001 per share

(e)

Item 2(e). CUSIP Number. 157210105 CUSIP No. 157210105 13G/A Page 5 of 7 Pages Item 3. If this Statement is Filed Pursuant to §§ 240.13d-1(b) or 240.13d-2(b), or (c), check whether the Person Filing is a: (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) ¨ An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); (f) ¨ An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); (g) ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813); (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) ¨ A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. The information required by Items 4(a) – (c) is set forth in Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. The percentages set forth in this Schedule 13G/A are calculated based upon an aggregate of 23,561,112 shares of Common Stock outstanding as of November 6, 2023, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023 filed with the Securities and Exchange Commissi

View Full Filing

View this SC 13G/A filing on SEC EDGAR