Motion-sensor designer InvenSense (INVN -2.8%) loses its pre-opening momentum and dips into the...

|About: InvenSense (INVN)|By:, SA News Editor

Motion-sensor designer InvenSense (INVN -2.8%) loses its pre-opening momentum and dips into the red this morning, despite being initiated with a Buy at Goldman and an Outperform at both Jefferies and Baird. Goldman calls the recent IPO a unique growth opportunity within the semi industry, while Jefferies adds the adoption curve of motion processing in smartphones will have a similar trajectory to camera penetration in mobile phones, leading to solid growth over the next few years.