QUOTE AND NEWS
Motley Fool  Dec 12  Comment 
A critical look at this brand new buyout rumor.
Motley Fool  Nov 25  Comment 
It's not earning profits, and not generating cash or paying it out in dividends -- and it just plain costs too much.
Motley Fool  Nov 24  Comment 
The specialty chip-maker has fallen on hard times in 2014, but is the decline of this one key metric temporary weakness or a sign of worse things to come?
Benzinga  Nov 18  Comment 
Shares of InvenSense Inc (NYSE: INVN) are in play following certain developments. On October 28, the company announced second-quarter earnings, missing EPS estimates by 68 percent; This sent shares down 25 percent to $16.08 per...
Benzinga  Nov 18  Comment 
TerraForm Power Inc (NASDAQ: TERP) +30% - Shares are up sharply following the company’s announcement that TerraForm and Sunedison will acquire First Wind for $2.4 billion. Sunedison Inc (NYSE: SUNE) +26% - Late Monday, the company...
Motley Fool  Nov 18  Comment 
Will InvenSense's recent struggles continue to make it underperform?
Motley Fool  Nov 17  Comment 
Will either Intel or Qualcomm scoop up InvenSense?




 
TOP CONTRIBUTORS

InvenSense (NYSE:INVN) is a technology company which specializes in motion processing devices. They build the chips which are used in gaming devices, smartphones, tablets, video cameras, navigation devices, and other electronic equipment which detect, measure and analyze motion. InvenSense sells a range of processor which vary in degrees of motion it can detect. The company believes that motion detection will continue to expand into mobile devices, toys and game controllers.[1]

Business Overview

For the full year 2011, InvenSense's total revenue was $96.5M. This was an increase over the $79.6M announced in 2010. Net income for 2011 was $9.3M, a decrease from the $15.5M in 2010. The drop was caused largely by a rise in Selling, General & Administrative Expenses (SG&A).[2]


New Updates

The company's initial public offering of stock on the NYSE occurred on November 15, 2011. The company offered 10M shares each for $7.50. This was within the revised $7-$8.50 price range. The company had originally announced that it would sell 10.5M shares within a $8.50-$10.50 range. The deal raised a total of $75M. The lead mangers of the deal were Goldman and Morgan Stanley.[3]

Trends & Forces

Dependence on certain customers

InvenSense has historically received the majority of its revenue from Nintendo (NTDOY) through the sale of chips used in the Wii. A disruption to the Wii's strong sales would have a substantial impact on InvenSense. As a result, the company's performance will be dependent on its ability to transition to other industries or companies. This depends both on the growth of the market for motion sensing devices as well as the ability to develop relations with new companies.[4][5]

  1. INVN S-1?A 2011 PROSPECTUS SUMMARY "Overview" pp.1-2
  2. INVN S-1?A 2011 PROSPECTUS SUMMARY "Consolidated Statement of Operations Data" pp.8
  3. Renaissance Capital - IPO Home "Fabless chip supplier InvenSense prices IPO at $7.50, within the $7-$8.50 range" 15 Nov 2011
  4. Seeking Alpha - "IPO Preview: InvenSense Looks Like A Bargain" 17 Nov 2011
  5. INVN S-1?A 2011 PROSPECTUS SUMMARY "Risk Factors" p. 4
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