Seeking Alpha

InvenSense higher following bullish Evercore, Craig-Hallum notes

After making Asian supply chain checks, Evercore's Patrick Wang says he believes InvenSense's (INVN +3.7%) motion sensors are now "ramping at Apple." Shares sold off last month after iPhone 5S teardowns failed to uncover InvenSense sensors.

Meanwhile, Craig-Hallum is talking up InvenSense's non-Apple design win activity. The firm thinks InvenSense has been designed into Amazon's latest Kindle Fires and Samsung's Galaxy Gear smartwatch (previous), among other products.

26.7% of the float was shorted as of Sep. 13.

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Comments (1)
  • Esekla
    , contributor
    Comments (4104) | Send Message
    Umm the Kindle Fire win has already been confirmed. I commented on it here last week:


    and on the Evercore earlier this morning.


    See there for why reaction to these analysis notes would be chasing the news.
    7 Oct 2013, 10:43 AM Reply Like
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