Send me real-time posts from this site at my email
Zacks

Sensata Technologies (ST) Unveils Brake Pedal Force Sensor

Sensata Technologies Holding ST has introduced its brake pedal force sensor for electromechanical brakes, which improves braking by effectively capturing a driver’s braking intent.

Automotive original equipment manufacturers (OEMs) are continuously investing in cutting-edge technology that enables hybrid and electric vehicles to be more efficient, cost-effective, robust and safe. Sensata’s latest product launch aims to fulfill the above-mentioned requirements of these manufacturers.

The future development of braking is supported by Sensata's micro strain gauge Brake Pedal Force sensor. By using this sensor, a vehicle's stopping distance can be decreased in comparison to other technologies in use at present.

The new brake pedal force sensor can operate at temperatures up to 140°C and endure forces up to 600N, added Sensata. It also complies with functional safety standards up to ASIL C.

Also, it helps to identify a mechanical failure of the system due to pedal issues and supports hydraulic, electro-hydraulic and brake-by-wire braking systems.

Sensata is a global industrial technology company that develops, manufactures and sells innovative sensor-based solutions.

The company is continuously expanding its electrification ecosystem to facilitate the seamless transition to electric vehicles as it aims to be a leading provider of mission-critical sensor-rich hardware and software solutions.

In June, the company unveiled Bluetooth Low Energy and Tire Pressure Monitoring System (TPMS) for automotive OEMs to tap the multi-billion-dollar vehicle sensor market.

TPMS provides the necessary data to allow auto manufacturers and their customers to track and take timely action about their tire health. This will boost tire health and enhance vehicle safety, efficiency and uptime.

However, the company is facing increased supply chain issues and logistics expenses due to the Russia-Ukraine war and pandemic-induced restrictions. It also operates in markets that are heavily impacted by dynamic technological advancements.

A highly-leveraged balance sheet and increasing competition from low-cost suppliers are further concerns.

ST currently carries a Zacks Rank #4 (Sell). Shares of the company have lost 27.8% compared with the industry’s decline of 23.9% in the past year.


Image Source: Zacks Investment Research

Stocks to Consider

Some better-ranked stocks from the broader technology space are Synopsys SNPS, Pure Storage PSTG and Arista Networks ANET. Pure Storage currently sports a Zacks Rank #1 (Strong Buy), whereas Synopsys and Arista Networks presently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Synopsys 2022 earnings is pegged at $8.85 per share, up 4.5% in the past 60 days. The long-term earnings growth rate is anticipated to be 16.2%.

Synopsys earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 3%. Shares of SNPS have increased 7.9% in the past year.

The Zacks Consensus Estimate for PSTG 2022 earnings is pegged at $1.18 per share, rising 24.2% in the past 60 days. The long-term earnings growth rate is anticipated to be 35.5%.

Pure Storage’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 171.8%. Shares of PSTG have increased 13.5% in the past year.

The Zacks Consensus Estimate for Arista Network’s 2022 earnings is pegged at $4.04 per share, increasing 1.3% in the past 60 days. The long-term earnings growth rate is anticipated to be 15.7%.

Arista Network’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 10.1%. Shares of ANET have increased 33.9% in the past year.


This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation

Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation.

>>Yes, I Want to Help Protect My Portfolio During the Recession

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Sensata Technologies Holding N.V. (ST): Free Stock Analysis Report
 
Synopsys, Inc. (SNPS): Free Stock Analysis Report
 
Arista Networks, Inc. (ANET): Free Stock Analysis Report
 
Pure Storage, Inc. (PSTG): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue