InvenSense (INVN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : InvenSense (INVN)

INVN 20.67

-2.5%

Nov 4 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: GPS Info	9/24/2013 8:26:13 PM
	Read Replies (1) of 351

Buy InvenSense (INVN) on Weakness Despite Not Being in iPhone 5S - Needham & Company Needham & Company maintained a Buy rating and $20 price target on InvenSense (NYSE: INVN) despite the company not likely being in the iPhone 5S. "Newer tear-down analysis at the silicon level indicates that INVN is not likely supplying any motion-based content into the iPhone 5s (at least initially), and we expect INVN shares to trade modestly lower as a result," analyst Vernon Essi, Jr. notes. "We believe that what we see as Apple's "duct tape" approach is inferior to other motion implementations such as Samsung's (NR) Galaxy and Note products that lever MEMS integration. Regardless, Apple may have taken this direction to dual-source suppliers and INVN could still be a 3-axis gyro supplier with the 5s design implementation, if it chooses to price competitively. We remain bullish on INVN and would buy on weakness." For an analyst ratings summary and ratings history on InvenSense click here. For more ratings news on InvenSense click here streetinsider.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next