QUOTE AND NEWS
Motley Fool  Mar 10  Comment 
A crippling loss of a major customer may have forced this struggling chipmaker to sell itself.
The Hindu Business Line  Feb 16  Comment 
India Vetiver Network (INVN) has been launched at Tamil Nadu Agricultural University here. Sources said that INVN is a not-for-profit scientific network to promote vetiver in India. Vetiver has world...
Motley Fool  Feb 1  Comment 
Rumor has it that the sensor specialist's Apple contract might be in dire straits, and TDK could cancel its $1.3 billion buyout offer if that's true. How seriously should investors take this report?
Motley Fool  Jan 11  Comment 
InvenSense announced some new Internet of Things technologies last week that should add to its soon-to-be-owner's overall IoT strategy.
Motley Fool  Jan 3  Comment 
The motion-sensing chip company is being acquired. Here's what investors need to know before that happens.
Benzinga  Dec 22  Comment 
Barclays raised the price target for Micron Technology, Inc. (NASDAQ: MU) from $24 to $26. Micron shares closed at $20.58 on Wednesday. Canaccord Genuity cut the price target on Finish Line Inc (NASDAQ: FINL) from $25 to $22. Finish Line...
Motley Fool  Dec 21  Comment 
Even in a sluggish market, these stocks climbed. Find out why.
Motley Fool  Dec 21  Comment 
Japan-based TDK scoops up the sensor maker for $13 per share.
Motley Fool  Dec 21  Comment 
The motion-sensing chip company jumped after acquisition rumors proved to be true.
MarketWatch  Dec 21  Comment 
InvenSense Inc.'s stock soared 17% toward a 16-month high in morning trade Wednesday, enough to be the top gainer on the NYSE, after the sensor platform maker agreed to be acquired by Japan's TDK Corp. in a deal valued at $1.3 billion. Under...




 
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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