InvenSense Inc (NYSE:INVN) announced the InvenSense ICM-20648, a 6-axis inertial measurement unit (IMU) with an advanced software stack, updated for wrist worn wearable devices delivering many of the key features required from today’s smart wrist worn wearable devices.

The ICM-20648 includes InvenSense’s 6-axis integrated MEMS (3-axis accelerometer + 3-axis gyroscope) motion sensors and InvenSense’s Digital Motion Processor (DMP) blocks for efficient lower power sensor processing in a small 3mm x 3mm x 0.9mm 24-QFN package. The updated wearable software stack for the ICM-20648 which is run in the IMU’s DMP at low power and in conjunction with a Host MCU or Apps Processor, delivers activity recognition (walk, run, bike, still), step counter, Bring-to-See (B2S) gesture, in addition to the standard Android fusion stack. The InvenSense wrist wearable IMU speeds an OEMs time-to-market by delivering the baseline features required for today’s wrist worn device that require inertial sensor processing.

Today, the wrist worn wearables market requires OEMs to deliver wellness and fitness related services, a key reason the market traction for these devices is increasing. InvenSense’s new updated wearable software stack delivers step count and activity classification tuned for wrist performance. Additionally, the B2S gesture is a necessity as it is needed to turn on/off the high power display for battery management of the device. The ICM-20648 can be connected to the main Host MCU (or AP) of the system and, by using a simple driver, can access the features that are derived internally in the DMP from the sensor data fusion and feature extraction.

“The included software stack enables the OEM to focus on their own unique differentiating features, in addition to those offered by the ICM-20648,” said Eitan Medina, vice president of marketing and product management at InvenSense. “InvenSense is committed to deliver the hardware and software solutions to enable our customers the fastest time to market.”

The InvenSense 6-axis ICM-20648 wearable platform is sampling today and will be available to the wider distribution channel in Q2 2017. (Original Source)

Shares of InvenSense Inc are trading at $12.82, up $0.03 or +0.23%. INVN has a 1-year high of $12.92 and a 1-year low of $5.42. The stock’s 50-day moving average is $9.77 and its 200-day moving average is $7.73.

On the ratings front, InvenSense has been the subject of a number of recent research reports. In a report issued on December 22, Pacific Crest analyst John Vinh downgraded INVN to Hold. Separately, on the same day, Loop Capital Markets’ Betsy Van Hees downgraded the stock to Hold and has a price target of $13.

According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, John Vinh and Betsy Van Hees have a yearly average return of 10.8% and 20.8% respectively. Vinh has a success rate of 59% and is ranked #379 out of 4351 analysts, while Hees has a success rate of 60% and is ranked #109.

Overall, 5 research analysts have assigned a Hold rating and one research analyst has given a a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $12.75 which is -0.3% under where the stock closed yesterday.

InvenSense, Inc. designs, develops, markets and sells micro-electro-mechanical system gyroscopes for motion tracking devices in consumer electronics. It targets applications in smart phones, tablet devices, console and portable video gaming devices, digital still and video cameras, smart TVs, 3D mice, wearable health and fitness monitors and portable navigation devices.