SeekingAlpha  Apr 9  Comment 
By Mitu Anand: Chipmaker InvenSense (INVN) is a leading provider of motion tracking sensor system on chips ((SoCs)) and sound solutions for consumer electronic devices. The company has been in the news of late with rumors suggesting that Apple...
StreetInsider.com  Apr 1  Comment 
UPGRADES JMP Securities upgrades NVIDIA (Nasdaq: NVDA) from Market Perform to Market Outperform with a price target of $26. UBS lifts United Continental (NYSE: UAL) from Neutral to Buy. JPMorgan moves Rubicon Technology (Nasdaq: RBCN) from...
TheStreet.com  Apr 1  Comment 
Update (9:38 a.m.): Updated with Tuesday market information. NEW YORK (TheStreet) -- Oppenheimer downgraded InvenSense  to "perform" from "outperform" and noted the company could face increased competition. The stock was down 1.86% to $23.23...
StreetInsider.com  Mar 28  Comment 
52-Week High: Alcoa Inc. (NYSE: AA) $12.75. Alcoa seeing early momentum Friday, but the stock dropped off rather quickly. Ahead of the bell, the company announced it will curtail 147,000 metric tons of smelting capacity at its São Luís...
StreetInsider.com  Mar 28  Comment 
UPGRADES Raymond James raises SolarCity (Nasdaq: SCTY) from Market Perform to Outperform with a price target of $75. Click Here for more color. Morgan Stanley upgrades Cognizant Technology Solutions (Nasdaq: CTSH) from Equalweight to...
Benzinga  Mar 28  Comment 
Benzinga  Mar 27  Comment 
InvenSense, Inc. (NYSE: INVN), the leading provider of MotionTracking™ system on chip (SoC) and Sound devices, and Sonion A/S, the global leader in micro acoustic and micro mechanical technologies and solutions for hearing instruments, in-ear...
SeekingAlpha  Mar 20  Comment 
By Equity Flux: InvenSense (INVN), a specialized semiconductor company, is involved in the design and manufacture of MEMS-based motion sensors. It also offers microphone solutions for portable devices. We initiated our coverage on the company with...
TheStreet.com  Mar 17  Comment 
NEW YORK (TheStreet) -- InvenSense was gaining 5.8% to $22.58 Monday following a price target increase from RW Baird. The analyst firm raised its price target for the mobile sensor maker to $28 from $23. The firm believes InvenSense is the only...
SeekingAlpha  Mar 17  Comment 
By Ayush Singh: Chipmaker InvenSense's (INVN) shares have gained almost 90% in the last one year, but the stock has got off to a slow start in 2014. InvenSense has gained on rumors that it might be a supplier for Apple's (AAPL) next iPhone, a...
Benzinga  Mar 14  Comment 
Needham came out with some disappointing comments for InvenSense (NYSE: INVN) shareholders on Friday. In the note, analyst Vernon Essi said the company is not likely to be part of Apple's iPhone 6. In a meeting between InvenSense and Essi, the...


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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