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Technology Stocks : InvenSense (INVN)

INVN 21.04

+1.8%

Nov 5 4:00 PM EST

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From: GPS Info	5/29/2013 9:35:10 PM
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Managers of $703 million RS Small Cap Growth Fund love innovators. The fund started its current stake in InvenSense ( INVN) in the fourth quarter. It more than doubled its stake in Q1 to 823,000 shares. "We added on volatility," Chadwick-Dunn said. Its innovation is motion sensing chips, which are in many wireless devices and game consoles. "Their device is better than competitors' at pinpointing a user's location, especially indoors," Chadwick-Dunn said. " That has tremendous marketing potential." The stock, which IPO'd in 2011, plunged 43% from its Q4 '12 high of 15.96 to a Q1 trough. The stock was battered by concerns about InvenSense's prospects for getting into the Samsung Galaxy 4 smartphone and a new iPhone. As those fears waned, the stock has rebounded above 12. Its Relative Strength Rating is still a weak 48. EPS rose 14%, 31% and 100% the past three quarters. The fund's innovators benefit from a wide variety of themes. news.investors.com

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