A system that allows you to track social distancing to be activated remotely, at low cost and capable of functioning "in any environment people have to work". As Benedetto Vigna di Stm, the "father" of the Mems, i.e. the motion sensors that have made the fortune of Nintendo games and have an important role both in cars and for Apple products, presents the latest creature of the group: the NRG tile which, in the form of a bracelet, or inserted in helmets, goggles or masks, it can send out alarm signals. Low cost, too.
This is the latest novelty in the field of the Internet of things from the Italian-French hi-tech group which, on the wave of successes in the world of data centers (but also of gaming), enters the second half of 2020 on the strength of an enviable record: +22% in the last quarter, even +50% since the beginning of the year, after having dodged the dangers associated with the technological duel between the two superpowers which, moreover, have devoted more than attention to the dynamism of the group which, among other things, as reported by the Nikkei Asian Review, is in contact with Huawei for the joint design of chips for mobile applications and for the automotive sector.
Nikkei itself reports negative news this morning: Apple could experience a delay of 1 or 2 months in the production of the four new 5G iPhones, the presentation of which was expected in the coming months. However, the iPhone giant is trying to catch up, to the point that the risk of postponing the debut to next year seems to have been averted. Apple represents the main customer for Stm, with 17,6% of 2019 turnover.
On the other side of the scales there are the visible signals of a strengthening of demand emerging from the forecasts of the Bigs, starting with the American Micron. In the wake of these indications, Equita Sim has decided to maintain a prudent view on the stock with a "hold" recommendation and a target price of 25 euro close to the current quotation. Conversely, Bryan Garnier promoted the judgment from Neutral Buy, bringing the target price from 25 to 27 euros. The consensus collected by Bloomberg now registers 18 Buys, 6 Neutrals, 2 Sells. Average target €25,70.
Finally, do not forget the excellent setting of the European tech sector, the only sector with a positive sign together with pharma. In the first half Nokia (old acquaintance of Stm first way) grew by 41%. From the lows of the year, reached at the height of the coronavirus crisis in mid-March, the technology index rebounded by about +58%. Companies including Sinch AB +180%, TeamViewer (video conferencing) +49%, Ingenico (digital payments) +35%, have fully benefited from the smart working scenario.
