InvenSense gains on bullish Pac Crest, OTR Global notes

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

Following an Asian trip, Pac Crest's John Vinh has upped his InvenSense (INVN +3.9%) PT by $4 to $26.

Like Craig-Hallum, Vinh thinks it's possible InvenSense has landed the iPhone 6's gyroscope slot. He also thinks the company might have iPhone 6 OIS and iWatch design wins.

Vinh had recently reported InvenSense's OIS products are making headway at top customer Samsung. CEO Behrooz Abdi stated in May InvenSense's OIS products had seen "quite a bit of adoption," but cautioned design wins with tier-1 OEMs could take time.

OTR Global is also out with a bullish note on InvenSense. Shares are at their highest levels since April.