Seeking Alpha

InvenSense rises following bullish Piper note

  • Piper's Gus Richard sees "a number of growth catalysts" for InvenSense (INVN +3.4%) over the next two years. They include a higher penetration rate at top customer Samsung (currently over 30% of sales), rising optical image stabilization-related gyroscope sales, MEMS microphone growth (previous), better low-end smartphone penetration, and the long-anticipated addition of Apple as a customer.
  • In addition, Richard expects deeper product integration and software content gains to offset standard mobile price erosion, and help keep InvenSense's gross margin steady while revenue grows at a 25%-35% clip.
  • InvenSense recently tumbled due to the guidance it provided with its Sep. quarter beat. Shares have also been pressured a bit by a $150M convertible debt offering.
Comments (2)
  • Esekla
    , contributor
    Comments (3126) | Send Message
    You heard pretty much the same thing here first:
    11 Nov 2013, 01:17 PM Reply Like
  • flogman320
    , contributor
    Comments (3) | Send Message
    Do you like it at this price
    12 Nov 2013, 07:04 AM Reply Like
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