InvenSense's (INVN) motion sensors aren't found in the iPhone 5 (rival STMicroelectronics was...

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

InvenSense's (INVN) motion sensors aren't found in the iPhone 5 (rival STMicroelectronics was tapped), but the stock is up 3.1% thanks to an upgrade to Outperform from Oppenheimer. The firm touts InvenSense's leading Android share, new Samsung design wins, and inclusion in reference designs from Chinese baseband chipmakers. Oppenheimer argues InvenSense's exposure to these growth segments warrants a premium multiple. (March downgrade)