Bullish options flow was detected in STM stock on July 14, 2020.
Make sure to review this lesson on options flow so you understand the chart above.
Bullish option flows was detected in STMicroelectronics with 26,666 calls trading, 51x expected, and implied vol increasing over 7 points to 65.06%. Aug-20 35 calls and Oct-20 35 calls were the most active options, with total volume in those strikes near 22,600 contracts. The company is expected to report earnings on July 23, 2020.
Cowen analyst Matthew Ramsay raised the firm’s price target on STMicroelectronics to $34 from $30 and keeps an Outperform rating on the shares. The analyst said it remains his top pick and in this political landscape being a non-US distribution friendly supplier to China is a good place to be.
On July 9, 2020, STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, teamed with world-leading biometric company Fingerprint Cards AB (Fingerprints) to develop an advanced Biometric System-on-Card (BSoC) solution based on fingerprint-recognition technology, addressing the market demand to enhance contactless payment-card security and convenience.
The BSoC integration combines ST’s latest-generation secure-payment technology based on the ST31/STPay chipset and STM32 general-purpose microcontrollers with Fingerprints’ next-generation T-shape sensor module to provide a turnkey battery-less secure solution for the banking market.
“Cost-effective and user-friendly biometric authentication will significantly increase the security level and user convenience of banking transactions. It may let banks raise or remove the maximum allowable transaction value for contactless payments,” said Laurent Degauque, Marketing Director, Secure Microcontrollers, STMicroelectronics. “Fingerprint Cards brings valuable and market-proven expertise in solutions for battery-less and space-constrained devices. Their products combining powerful processing and low energy consumption are ideal companions to our STPay solutions for payment cards.”
The contactless payment card will be the first target under the agreement, with the intention to extend to other markets such as identification, health, access, and transportation cards.
Michel Roig, SVP for Payments and Access BL at Fingerprint Cards, added, “This is a powerful collaboration to create innovative and optimized solutions that not only make it easier for card makers to integrate biometrics in their portfolio, but also bring the total cost down. In the end, strengthening the security for contactless payments will offer consumers a worry-less payment experience.”
Running on ST’s flexible Java Card™ / Global Platform® Operating Systems (OS), ST’s STPay secure-payment products ensure support for multiple international and regional payment schemes, with proven security features built-in. STPay solutions benefit from EMVCo and CC EAL 6+ hardware certifications, software certifications up to OS and application level, and ST’s secure pre-personalization services that create an inherently trusted supply chain.
On June 29, 2020, STMicroelectronics (NYSE: STM) announced that they are facilitating modernization of battery-powered products to capture the advantages of the latest USB Power Delivery (USB PD) technology including faster charging and easy reuse of USB-C® chargers and cables.
The universal fast-charging ecosystem is rapidly expanding as products like mobile handsets gain ever-larger batteries. The latest USB PD chargers can have power ratings up to 100W and can optimize charging by dynamically adjusting current and voltage thanks to the USB Programmable Power Supply (PPS) feature of USB PD. A huge diversity of products such as smart speakers, power tools, wearables, robots, gaming controllers, power banks, and drones — traditionally recharged at 5V through older USB micro-B or proprietary connectors — can now leverage this ecosystem to benefit from the advantages and interoperability of USB-C technology while charging faster.
To support this migration, ST has created a USB Implementers Forum (USB-IF) certified evaluation board for up to 100W PPS USB Power Sinking Devices (PSD) that helps developers accelerate new designs and supports certification of the end product.
“Using our USB-IF-certified development board, customers can now quickly add all of the USB-C benefits and reuse a solid platform for certification of their own board, contributing to a safe and reliable USB Type-C and USB PD ecosystem,” said Ricardo de Sa Earp, Group Vice President, Microcontrollers Division General Manager, STMicroelectronics.
“The unmatched capabilities of USB PD over USB Type-C cables and connectors is driving rapid innovation in a variety of USB charging applications and markets,” said Jeff Ravencraft, USB-IF President and COO. “Inventive solutions, such as ST’s new evaluation board, are vital to support the continued growth of USB-IF-certified USB PD and USB Type-C devices that consumers can rely on.”
The certified device (USB-IF TID: 3036) combines ST’s Nucleo-G071RB and X-Nucleo-USBPDM1 development boards. The Nucleo-G071RB features an STM32G0 microcontroller, the industry’s first general-purpose microcontroller to integrate a USB Type-C Power Delivery controller on-chip, enabling greater system integration as well as the possibility to support new application use cases. The X-Nucleo-USBPDM1 board contains ST’s TCPP01-M12 companion chip for port protection.
Moreover, customers can leverage the powerful tools and software of the STM32 ecosystem to complete their projects quickly and easily. Applications already using a microcontroller with legacy 5V USB charging can be updated to USB Type-C with only a small number of external components.