InvenSense Inc (NYSE:INVN), the leading provider of MEMS sensor platforms, today announced it has released for OEM review UltraPrint™, its ultrasonic fingerprint imaging solution, manufactured on the proprietary InvenSense CMOS-MEMS Platform (ICMP), offering ramp to production in calendar year 2017. As the world’s largest fabless MEMS SOC innovator and source for the eutectically bonded ICMP, InvenSense ships, on average, over twelve million motion or audio sensor SOCs each week to leading global mobile and IoT OEMs.
By adding aluminum nitride-based piezoelectric capacity to its platform, InvenSense is enabling, for the first time, mass manufacture of unique piezoelectric Micromachined Ultrasonic Transducers (pMUT) and transducer arrays, with each transducer element individually controllable through direct wafer-level interconnect to the CMOS ASIC.
This dramatic advancement in acoustic imaging technology will allow manufacturers to seamlessly integrate, on a platform proven capable of accommodating exceptionally high volumes, detailed fingerprint images from the epidermal to dermal layers, and to do so directly through glass or metal, even in the presence of oil, lotions, perspiration or other moisture, and other common contaminants that can easily undermine legacy capacitive solutions. These critical factors enhance live finger authentication and guard against spoofing, thereby increasing security.
Fari Assaderaghi, InvenSense’s Vice President Advanced Technology, commented: “Our proprietary UltraPrint technology is expected to enable, for the first time, deployment of ultrasonic fingerprint solutions under glass, as well as a myriad of other surfaces. This flexibility in sensor placement without cutting a hole in display glass, aluminum, steel or plastic case material is highly valued by mobile and other OEMs. Our innovative team is excited to work with equally motivated partners to quickly bring this new technology to market.”
Mo Maghsoudnia, InvenSense’s Vice President Worldwide Manufacturing, added: “As a leading innovator in MEMS and sensor technology globally, and the world’s only fabless MEMS SOC vendor selling hundreds of millions of motion and audio sensors each year, we have a proven track record of rapidly ramping up innovative new MEMS solutions into mass production. We’re excited to extend the InvenSense CMOS-MEMS Platform to pMUT devices and enable a breakthrough authentication solution for leading mobile and IoT products.” (Original Source)
Shares of InvenSense Inc closed yesterday at $10.23. INVN has a 1-year high of $21.60 and a 1-year low of $8.46. The stock’s 50-day moving average is $9.99 and its 200-day moving average is $12.66.
On the ratings front, InvenSense has been the subject of a number of recent research reports. In a report issued on October 23, Roth Capital analyst Krishna Shankar reiterated a Buy rating on INVN, with a price target of $19, which implies an upside of 85.7% from current levels. Separately, on October 13, Rosenblatt Securities’ Jun Zhang initiated a Buy rating to the stock and has a price target of $15.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Krishna Shankar and Jun Zhang have a total average return of 2.9% and -20.9% respectively. Shankar has a success rate of 51.7% and is ranked #1155 out of 3804 analysts, while Zhang has a success rate of 22% and is ranked #3,574.
The street is mostly Bullish on INVN stock. Out of 6 analysts who cover the stock, 4 suggest a Buy rating and 2 recommend to Hold the stock. The 12-month average price target assigned to the stock is $18.00, which implies an upside of 76.0% from current levels.
InvenSense Inc designs, develops, markets and sells Micro-Electro-Mechanical Systems sensors, including accelerometers, gyroscopes and microphones for consumer electronics.