InvenSense (INVN) Message Board

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Technology Stocks : InvenSense (INVN)

INVN 20.80

+0.4%

Oct 30 4:00 PM EDT

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To: GPS Info who wrote (286)	9/4/2014 11:53:32 PM
From: Elroy	Read Replies (2) of 351

Don't you have valuation concerns about INVN? I don't know their story so well, but it already is pricing in amazing results. I compare them to SIMO, a fabless semi stock that is in a nice spot in a growth sector (NAND flash controllers). Last Q, INVN did $67m in sales, gross margins around 45%, and INVN has a market cap of $2 billion. INVN has about $3 per share in cash and no debt. Last Q, SIMO did $69m in sales, gross margins around 52%, and SIMO (after an amazing 3 month run where the share price has climed 60%) has a market cap of less than $1 billion. SIMO has about $5 per share in cash, and no debt. Why do you prefer INVN - a company with slightly lower sales than SIMO, a good bit lower gross margins than SIMO and double the market cap of SIMO? -- SIMO guided Q3 to 15%-20% sequential growth. What is expected in Q3 sequentially out of INVN?

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