QUOTE AND NEWS
Motley Fool  Oct 9  Comment 
Taking a closer look at InvenSense.
StreetInsider.com  Oct 8  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/InvenSense+%28INVN%29+to+Report+Q2+Results+Oct.+28th%3B+Street+Expects+24%25+EPS+Drop/9897505.html for the full story.
SeekingAlpha  Oct 7  Comment 
By Esekla: I don't cover GT Advanced Technologies (NASDAQ:GTAT), and I'm not going to start now. Although I have warned in comments that expectations that the latest iPhones would use sapphire were misguided, I was surprised as anyone about...
Motley Fool  Oct 3  Comment 
The Internet of Things is growing, and this stock could skyrocket along with it.
SeekingAlpha  Oct 2  Comment 
By Stone Fox Capital: While the market is all a flutter with the iPhone 6 teardowns and analyzing each and every chip in the phones, the key to investing in InvenSense (NYSE:INVN) is trusting management and the product development roadmap. Of...
Motley Fool  Oct 2  Comment 
Here's why I finally opened up a position in beaten-down InvenSense.
StreetInsider.com  Oct 1  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  Oct 1  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?




 
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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