Craig-Hallum analyst Tony Stoss notes that Samsung (SSNLF) Galaxy S8's features were as he had expected, which is positive for STMicroelectronics (STM), Cypress Semiconductor (CY) and Integrated Device Synaptics (IDTI), and largely a non-impact for Synaptics (SYNA). The analyst says Samsung using USB-C for the port should be a benefit for Cypress as it is the likely supplier of USB-C controllers for the phone. Additionally, Samsung has enabled the S8 for wireless fast charging and showcased a fast charge wireless pad, which is likely an ASP increase from previous wireless charging solutions Integrated Device Synaptics was providing. The phone also features a fingerprint sensor on the back that is likely Synaptics, he notes, adding that this should be roughly in-line with previous ASP's of fingerprint sensors that the latter has provided to Samsung.

Berenberg upgraded STMicroelectronics to Buy from Hold with a price target of EUR 49, down from EUR 53. The semiconductors market us "not too far from recovery," the analyst tells investors in a research note. The firm says the negative industry end market trend is now priced into shares and concerns about Chinese auto semiconductor localization are overdone. Also, auto semi content growth should continue, driven by vehicle digitization, contends Berenberg.