InvenSense (INVN) - NYSE
  • Tue, Jun. 21, 12:47 PM
    • The Department of Transportation and the Federal Aviation Administration have issued final rules covering the use of drones in the U.S. Key points are that drones must weigh less than 55 pounds and remain within a pilot's line of sight. A maximum groundspeed of 100 mph is allowed and pilots are instructed not to fly under a covered structure. Other snippets are listed below.
    • "Under the final rule, the person actually flying a drone must be at least 16 years old and have a remote pilot certificate with a small UAS rating, or be directly supervised by someone with such a certificate."
    • "The TSA will conduct a security background check of all remote pilot applications prior to issuance of a certificate."
    • "The FAA also will educate all commercial drone pilots on privacy during their pilot certification process; and will issue new guidance to local and state governments on drone privacy issues."
    • Related (directly and tangentially) stocks: AMBA, AVAV, DJI, OTCQX:DRNE, DPZ, HON, INVN, IXYS, GPRO, TRMB, FDX, UPS, AMZN.
    | Tue, Jun. 21, 12:47 PM | 47 Comments
  • Mon, Jun. 20, 3:25 AM
    • The FAA could unveil its first rules permitting commercial drones as early as this week, but the move is likely to spark broader demands for loosening restrictions on unmanned aircraft.
    • In recent days, agency officials have said the announcement - allowing drones weighing roughly 50 pounds to fly at low altitudes only in daylight and within sight of operators - is imminent.
    • Related stocks: AMBA, AVAV, DJI, OTCQX:DRNE, DPZ, HON, INVN, IXYS, GPRO, TRMB
    | Mon, Jun. 20, 3:25 AM | 5 Comments
  • Thu, Jun. 2, 5:35 PM
    • Top gainers, as of 5.25 p.m.: BV +9.3%. AMBA +9.1%. AVGO +6.1%. INVN +5.3%. COO +4.9%
    • Top losers, as of 5.25p.m.: ZUMZ -9.0%. BFK -5.5%. EGO -2.3%. STO -2.3%. TCK -1.7%.
    | Thu, Jun. 2, 5:35 PM | 12 Comments
  • Mon, May 23, 10:53 AM
    • Taiwan's Economic Daily News reports Apple (AAPL +1.7%) has ordered contract manufacturers to produce 72M-78M iPhone 7 units this year, a record figure for a new iPhone and above analyst estimates of ~65M.
    • Apple is outperforming on a day the Nasdaq is up 0.3%. As are chip suppliers Cirrus Logic (CRUS +3.1%), Skyworks (SWKS +3.3%), Qorvo (QRVO +2.7%), and InvenSense (INVN +4.6%). Over in Taipei, Foxconn parent Hon Hai Precision (OTC:HNHAF) rose 4.6%, and fellow iPhone manufacturer Pegatron (OTC:PGTRF) rose 9.9%. TSMC (TSM +2.7%), which is believed to be the exclusive manufacturer of Apple's A10 processor (expected to go into the iPhone 7), is also doing well.
    • The report comes with Apple having guided calendar Q2 revenue to be down 13%-17% Y/Y due to soft iPhone 6S sales. The rumor mill has indicated the iPhone 7 will feature a dual-camera array and a 256GB storage option, and do away with the 3.5mm headphone jack. The 9.7" iPad Pro's improved display suggests display enhancements are also possible.
    • Now read Apple: Berkshire Hathaway Not The Only One Buying
    • Update: Also reported by the Economic Daily News: Apple is prepping a "Pro" or "Premium" iPhone 7 model to go with a standard iPhone 7 and 7+.
    | Mon, May 23, 10:53 AM | 101 Comments
  • Mon, May 9, 4:55 PM
    • InvenSense (INVN -4.3%) has tumbled 7.1% after hours, caught up in an iPhone shortfall as it posted its first Y/Y sales decline in fiscal Q4 earnings and guided well below consensus for the out quarter.
    • Net revenue was down 20% Y/Y to $79.5M, lower even than consensus expectations for declines in sales of 20% and an 83% drop in EPS.
    • Gross margin (non-GAAP basis) was 45%, up from Q3's 44%. On a GAAP basis, gross margin of 41% was flat sequentially.
    • Management expressed hopes that Internet of Things revenue would help make up for shortfalls at Apple and in Korea: "Our market-leading solutions continued to gain traction in emerging IoT platforms such as drones, virtual and augmented reality, wearables, smart home, and industrial applications."
    • On its call, the company guided to fiscal Q1 revenues of $58M-$62M (below consensus for $84.8M) and non-GAAP EPS of -$0.05 to -$0.07, vs. an expected $0.04 profit per share.
    • Updated 5:02 p.m.: With the call still under way, shares are now down 9.7% after hours.
    • Conference call link
    • Press Release
    | Mon, May 9, 4:55 PM | 6 Comments
  • Mon, May 9, 4:15 PM
    • InvenSense (NYSE:INVN): Q4 EPS of $0.02 in-line.
    • Revenue of $79.53M (-19.9% Y/Y) misses by $0.37M.
    • Press Release
    | Mon, May 9, 4:15 PM | 8 Comments
  • Sun, May 8, 5:35 PM
  • Thu, Apr. 21, 3:11 AM
    • The Federal Aviation Administration has issued the first approval for flights of small commercial drones at night, in the latest sign of how quickly U.S. regulators are moving to authorize expanded uses of unmanned aircraft.
    • The clearance comes weeks before the FAA is expected to issue long-awaited rules for widespread commercial operations of small drones.
    • So far, such unmanned vehicles have been conducting commercial flights based on thousands of individual exemptions previously permitted by the agency.
    • Related stocks: AMBA, AVAV, OTCQX:DRNE, GPRO, INVN, IXYS, TRMB
    | Thu, Apr. 21, 3:11 AM | 8 Comments
  • Thu, Feb. 25, 4:35 AM
    • The U.S. government wants to create a new category of "micro" drones that are built with materials that won’t harm people in a crash, opening the door for more widespread uses in crowded places and sensitive locations.
    • "The department continues to be bullish on new technology," Transportation Secretary Anthony Foxx said in the release.
    • The FAA is also finishing a set of regulations for other drones that weigh less than 55 pounds. The new micro category won't have a weight limit, so long as the devices can't hurt people.
    • Related stocks: AMBA, AVAV, OTCQX:DRNE, GPRO, INVN, IXYS, TRMB
    | Thu, Feb. 25, 4:35 AM | 15 Comments
  • Tue, Feb. 23, 2:56 AM
    • So far 368,472 drones have been filed with the FAA, after a Feb. 19 deadline for registration passed, exceeding the number of airplanes that are on record with the federal government.
    • The FAA is imposing a $5 fee for registrations, over the objections of drone advocates, but the agency provided refunds people who filed within the first 30 days of the new requirement.
    • What's the penalty for failing to register? The FAA may assess civil penalties of up to $27,500, and criminal sanctions including fines of up to $250K and/or imprisonment for up to three years.
    • Previously: FAA's drone registry goes live (Dec. 21 2015)
    • Related stocks: AMBA, AVAV, OTCQX:DRNE, GPRO, INVN, IXYS, TRMB
    | Tue, Feb. 23, 2:56 AM | 35 Comments
  • Tue, Feb. 2, 2:42 PM
    • On a day the Nasdaq is down 2.1%, many chip stocks are seeing outsized losses (SOXX -3.1%) after IDT (IDTI -28.3%), a mixed-signal chipmaker selling into the server, networking/telecom infrastructure, and wireless charging markets (among others), offered soft FQ4 (calendar Q1) guidance to go with an FQ3 sales beat.
    • Major decliners include diversified European chipmakers NXP (NXPI -4.7%) and STMicroelectronics (STM -7%), microcontroller maker Cypress Semi (CY -6.9%), RF chipmaker Qorvo (QRVO -6.4%), motion sensor developer InvenSense (INVN -6%), chip packaging/testing firm Amkor (AMKR -6.1%), and analog/mixed-signal chipmakers MagnaChip (MX -9.8%), Inphi (IPHI -9.1%), Silicon Labs (SLAB -5%), Microsemi (MSCC -4.4%), Semtech (SMTC -5.4%), and Power Integrations (POWI -5.5%). Previously covered: Pixelworks, ON Semi.
    • IDT reported Chinese telecom infrastructure demand is "normalizing to slightly less than the peak levels seen in late calendar 2014," that data center customer growth rates have slowed slightly, and that consumer demand has been affected by increased "customer smartphone shipment volatility." Both Apple and Samsung's sales have been under pressure.
    • BofA/Merrill has downgraded IDT to Neutral, while Wedbush's Betsy Van Hees has gone contrarian and upgraded to Outperform. Van Hees argues IDT is still positioned to see strong FY17 growth, aided by the ramp of LRDIMM DRAM chipsets for Intel's Broadwell server CPU launch and the ramp of wireless charging IC programs at tier-1 OEMs.
    • Chip ETFs: SMH, XSD, PSI, SOXL, USD, SOXS, SSG
    | Tue, Feb. 2, 2:42 PM | 5 Comments
  • Fri, Jan. 29, 3:27 PM
    • Several Apple suppliers are seeing major gains after iPhone power amplifier supplier Skyworks (SWKS +5.5%) and iPhone LCD driver IC supplier Synaptics (SYNA +10.6%) delivered their calendar Q4 reports yesterday afternoon - Skyworks beat estimates, while Synaptics (initially lower) missed on sales and beat on EPS.
    • Both companies provided soft Q1 guidance (I, II) - Synaptics also suggested it's seeing weakness at multiple top smartphone OEMs . But with nearly every other iPhone supplier to have reported (not to mention Apple itself) having also guided light, shares are rallying nonetheless.
    • Big gainers include mobile DRAM supplier Micron (MU +11.1%), microphone supplier Knowles (KN +11.2%), motion sensor supplier InvenSense (INVN +7.5%), audio codec chip supplier Cirrus Logic (CRUS +6.6%), NFC chip/motion co-processor supplier NXP (NXPI +5.9%), and RF chip suppliers/Skyworks rivals Qorvo (QRVO +6.8%) and Avago (AVGO +5.6%). The Nasdaq is up 1.8%.
    • Micron could also be getting a lift from the market-pleasing reports delivered by hard drive giants Seagate and Western Digital, given Micron is exposed to many of the same end-markets as Seagate/Western.

      Cirrus Logic is adding to the big Thursday gains seen after the company provided encouraging FY17 comments in its FQ3 earnings call. InvenSense has more than recovered the Thursday losses seen after the company provided soft FQ4 guidance and suggested it had lost share at Samsung.
    • Possibly helping Synaptics out: When asked about M&A reports on the earnings call, CEO Rick Bergman didn't quite shoot them down. "[W]e're not going to comment on rumors or market speculation ... at the end of the day it is our job to maximize shareholder value so we'll listen to any great ideas that can do that and evaluate them appropriately."

      Meanwhile, Bergman asserted Synaptics' TDDI (integrated touch controller/display driver) sales are due to ramp strongly thanks to numerous design wins at top LCD panel makers, and that its ClearForce pressure-response tech will be "a significant differentiator" for Synaptics' TDDI offerings.
    | Fri, Jan. 29, 3:27 PM | 7 Comments
  • Thu, Jan. 28, 9:23 AM
    | Thu, Jan. 28, 9:23 AM | 16 Comments
  • Wed, Jan. 27, 5:19 PM
    • Though InvenSense (NYSE:INVN) beat FQ3 sales estimates and posted in-line EPS, the company has guided on its earnings call for FQ4 EPS of $0.00-$0.02, below a $0.12 consensus.
    • The outlook comes a day after top client Apple issued soft calendar Q1 guidance. Qualcomm and Cirrus Logic have also provided light Q1 outlooks this afternoon.
    • InvenSense has dropped to $7.35 after hours. The 52-week low is $6.96.
    • InvenSense's FQ3 results, earnings release
    | Wed, Jan. 27, 5:19 PM
  • Wed, Jan. 27, 4:20 PM
    • InvenSense (NYSE:INVN): FQ3 EPS of $0.18 in-line.
    • Revenue of $120M (+3.6% Y/Y) beats by $2.29M.
    • Press Release
    | Wed, Jan. 27, 4:20 PM | 1 Comment
  • Wed, Jan. 27, 11:43 AM
    • InvenSense (INVN -3.9%) and Knowles (KN -2.1%) are among the iPhone suppliers trading lower after Apple slightly missed FQ1 (calendar Q4) revenue estimates, reported roughly in-line iPhone sales of 74.8M, and (most importantly) offered below-consensus FQ2 sales guidance.
    • Other decliners include RF chipmakers Skyworks, Qorvo, and Avago; the Nasdaq is down 0.5%. InvenSense reports this afternoon, and Knowles (hiked Q4 guidance two weeks ago) on the afternoon of Feb. 11.
    | Wed, Jan. 27, 11:43 AM | 1 Comment
Company Description
InvenSense, Inc. designs, develops, markets and sells micro-electro-mechanical system gyroscopes for motion tracking devices in consumer electronics. It targets applications in smart phones, tablet devices, console and portable video gaming devices, digital still and video cameras, smart TVs, 3D... More
Sector: Technology
Industry: Semiconductor Equipment & Materials
Country: United States