InvenSense gains on bullish Pac Crest, OTR Global notes

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.

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Comments (3)
  • tle9
    , contributor
    Comments (3) | Send Message
    I have been putting INVN at $26-28 for a while now and it'll continue to rise with the internet of things. Sensors are the best bet to create an interactive world using devices.
    23 Jun 2014, 11:41 AM Reply Like
  • Esekla
    , contributor
    Comments (4791) | Send Message
    Sure tle, I've been saying that for over a year, but what's the time frame on your puts and how do you arrive at your price target? Despite long term bullishness, investors commenting in my latest article seem to be agreeing with me that INVN is pretty fully valued at present.
    23 Jun 2014, 11:57 AM Reply Like
  • Tales From The Future
    , contributor
    Comments (7744) | Send Message


    INVN has been tipped to be in Apple products for some time, the rumors have always been wrong. Like NFC chips in the next iPhone (again rumored for ihone 6) I will only believe it when I see it.


    That said, I'm still long INVN.
    23 Jun 2014, 12:01 PM Reply Like
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