InvenSense Inc (NYSE:INVN) announced it will showcase SensorStudio alongside the Samsung ARTIK 710 development board at the 2017 Consumer Electronics Show in Las Vegas. SensorStudio is a powerful graphical software development tool originated by InvenSense to ease the development and programming of sensors and algorithms. The integrated SAMSUNG ARTIK™ Smart IoT platform provides the fastest path to secure, interoperable, and intelligent IoT products and services.
The effort brings the unique embedded development capabilities of SensorStudio to the Samsung ARTIK IoT Ecosystem. SensorStudio and the InvenSense FireFly ICM-30670 Development Kit are now compatible with the SAMSUNG ARTIK™ end-to-end IoT platform. Together empowering developers with easy-to-use APIs and an SDK for a fast, secure, interoperable, and intelligent set of ecosystem tools to differentiate and speed development time-to-market.
“Combining SensorStudio & the SAMSUNG ARTIK platform helps our customers transmit their sensors & algorithms outputs faster to the SAMSUNG ARTIK Cloud, with end-to-end security,” said Mark Wright, Director, Product Management, Platform and Partnerships at Samsung.
“We are listening to the growing InvenSense Developers community, and are enabling them to realize the distributed computing architecture required to achieve optimized successful IoT products,” said Herve Blanc, Product Marketing Director, InvenSense. “SensorStudio is fast gaining traction with industry leaders such as the SAMSUNG ARTIK IoT platform in assisting developers without specialized IoT skills to work quickly, and with greater productivity.”
SensorStudio and the SAMSUNG ARTIK 710 board will be exhibited at the 2017 Consumer Electronics Show taking place in Las Vegas, Nevada from Jan 5th to Jan 8th, 2017. (Original Source)
Shares of InvenSense Inc are currently falling 0.08% to $12.76, or down $0.01 in pre-market trading Thursday. 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 $9.92 and its 200-day moving average is $7.77.
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 10.6% and 20.9% respectively. Vinh has a success rate of 58% and is ranked #414 out of 4369 analysts, while Hees has a success rate of 61% and is ranked #117.
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 -0.2% 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.