StreetInsider.com  7 hrs ago  Comment 
UPGRADES Needham & Company upgrades InvenSense (NYSE: INVN) from Buy to Strong Buy while maintaining a $28. Click Here for more color. BB&T Capital raises Hecla Mining (NYSE: HL) from Hold to Buy with a price target of $3.50. Credit Suisse...
TheStreet.com  9 hrs ago  Comment 
Story updated at 9:55 a.m. to reflect market activity. NEW YORK (TheStreet) --aInvenSense was upgraded to "strong buy" from "buy" by Needham on Wednesday. Shares of InvenSense gained 1.4% to $20.00 in morning trading. The analyst firm...
Motley Fool  Sep 30  Comment 
InvenSense has gotten crushed ever since the iPhone 6 teardowns came out. Is this a buying opportunity in disguise?
Motley Fool  Sep 30  Comment 
Sometimes, the harder you throw a ball, the higher it bounces. (Sometimes, but not always).
StreetInsider.com  Sep 30  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/InvenSense+%28INVN%29+Launches+Next-Gen%2C+6-Axis+Motion+Sensor%3B+Surpasses+400M+Unit+Shipment+Milestone/9870332.html for the full story.
Motley Fool  Sep 29  Comment 
One Street analyst fears that InvenSense may be about to lose some or all of its recent win in the iPhone 6.
TheStreet.com  Sep 29  Comment 
NEW YORK (TheStreet) -- Shares ofaInvenSense aare falling 3% to $19.33 Monday following comments from analyst firm Rosenblatt Securities. In a note to investors, Rosenblatt changed its stance on the company to cautious from bullish. The analyst...
Motley Fool  Sep 26  Comment 
It's big stakes for the big four wireless carriers and each is building infrastructure to improve their wireless networks
TheStreet.com  Sep 26  Comment 
NEW YORK (TheStreet) –– InvenSense investors may have breathed a sigh of relief after the company's Gyroscopes and Accelerometer Combo chip was used in the latest Apple iPhones, but concerns over the company's outlook have caused a recent...
SeekingAlpha  Sep 24  Comment 
By IAEResearch: The global consumer motion sensor market has developed substantially over the last few years. The companies operating in this sector have benefited a lot from this uptrend and recorded remarkable growth. InvenSense (NYSE:INVN) is...


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
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki