Baird has cut InvenSense (INVN -5%) to Neutral on valuation grounds, and that's producing a...

|About: InvenSense (INVN)|By:, SA News Editor
Baird has cut InvenSense (INVN -5%) to Neutral on valuation grounds, and that's producing a steep selloff on an up day for equities. Earlier this week, the company showed off a 3-axis gyroscope said to offers a smaller form factor than competing products, and a 9-axis motion sensor said to offer superior power consumption. InvenSense took off last month following its FQ3 beat.