CEVA Ceva Inc.

$CEVA Ceva upgraded to Buy at StoneX following recent selloff As previously reported, StoneX upgraded Ceva to Buy from Hold with a $42 price target. Shares have traded off by about 30% since July 15, notes the analyst, who cites both the recent selloff and catalysts ahead for the upgrade. The firm believes there is "a plausible upside scenario" to FY27 and FY28 expectations, in addition to further revenue acceleration, the analyst added.

$CEVA Ceva and LG announce collaboration Ceva and LG Electronics announced a collaboration that brings together their complementary baseband, software and RF, technologies to deliver a complete Ultra-Wideband, or UWB, solution for semiconductor and OEM companies developing next-generation automotive, industrial and consumer products. The companies have already secured a major U.S. semiconductor company as a customer for the combined solution, providing commercial validation for the joint offering. The collaboration pairs Ceva-Waves market leading UWB baseband IP and software with UWB radio frequency technology developed by LG's SoC Center, giving customers a silicon-ready platform for integrating UWB into their SoCs. LG's UWB RF supports TSMC's 22nm process. Together, the companies provide complementary technologies that can reduce engineering effort and integration risk and accelerate the development of differentiated UWB-enabled SoCs.