Stock Update (NYSE:INVN): InvenSense Inc Provides High-Accuracy Turn-By-Turn Navigation User Experience To HiSilicon Mobile Platforms And Huawei Smartphones

InvenSense Inc (NYSE:INVN), a leading provider of MEMS sensor platform solutions, today announced that the InvenSense Positioning Library (IPL) software sensor-assisted positioning technology has been licensed by Huawei for incorporation into the Kirin 950 mobile application processor platforms. The recently launched Huawei Mate 8 smartphone is the first model to incorporate the HiSilicon and IPL technology. IPL improves smartphone GNSS (GPS)-only implementations by providing more continuous and accurate navigation in areas with poor GNSS signal quality. The IPL solution delivers sensor-enhanced positioning providing a high-availability, high-accuracy turn-by-turn navigation user experience to HiSilicon mobile platforms and mobile application developers. Through this collaboration,InvenSense and HiSilicon will make continuous improvements to IPL and the overall location subsystem to provide the best possible navigation experience to Huawei’s customers.

The combination of sensor positioning with GNSS enhances navigation user experience by eliminating “GPS Signal Lost” warnings and unnecessary re-routings in map applications due to GNSS multipath errors. IPL uses complex algorithms that take sensor data from the mobile device gyroscope, accelerometer, magnetometer and barometric pressure sensors to generate an inertial navigation system (INS) that tracks the position change of a vehicle or pedestrian. IPL then combines the INS with GNSS to provide always-available and more accurate location data when GNSS is inaccurate or unavailable, such as in deep urban canyons with tall buildings or in tunnels and parking garages. IPL operates in any physical orientation allowing the user to freely move the phone in the vehicle during active navigation sessions.

“Today’s consumers are increasingly using smartphones for turn-by-turn navigation in vehicles, creating a strong need for a higher quality user experience that decreases the occurrence of confusing or stressful re-routes and GPS lost signal messages,” said Eitan Medina, vice president marketing and product management at InvenSense. “We are pleased that HiSilicon, a market leader in end-to-end chipsets and solutions, has chosen our IPL technology for integration into its mobile platforms.” (Original Source)

Shares of InvenSense closed yesterday at $11.48, down $0.19 or -1.63%. INVN has a 1-year high of $17.56 and a 1-year low of $8.46. The stock’s 50-day moving average is $11.56 and its 200-day moving average is $11.94.

On the ratings front, InvenSense has been the subject of a number of recent research reports. In a report issued on October 29, Canaccord Genuity analyst Matt Ramsay maintained a Buy rating on INVN, with a price target of $14, which implies an upside of 22.0% from current levels. Separately, on October 23, Roth Capital’s Krishna Shankar reiterated a Buy rating on the stock and has a price target of $19.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Matt Ramsay and Krishna Shankar have a total average return of 0.9% and 2.5% respectively. Ramsay has a success rate of 57.9% and is ranked #1538 out of 3640 analysts, while Shankar has a success rate of 52.8% and is ranked #1007.

InvenSense Inc designs, develops, markets and sells Micro-Electro-Mechanical Systems sensors, including accelerometers, gyroscopes and microphones for consumer electronics.



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