InvenSense Moves Beyond Mobile And Apple
Esekla • 48 Comments
Esekla • 48 Comments
The Pros, Cons, And Questions From The InvenSense Report
Esekla • 86 Comments
Esekla • 86 Comments
Mon, Aug. 29, 3:41 AM
- New rules by the FAA go into effect today, clarifying what is acceptable commercial usage of small unmanned aerial vehicles.
- Drones must weigh less than 55 pounds, fly up to a maximum of 400 feet in altitude, at a speed of no more than 100 miles per hour and can only be operated during the day.
- According to industry estimates, the rules could generate more than $82B for the U.S. economy and create more than 100K new jobs over the next decade.
- Related stocks: AMBA, AMZN, AVAV, BA, DJI, OTCQX:DRNE, DPZ, HON, INVN, IXYS, GPRO, TRMB
Mon, Aug. 15, 3:00 PM
Fri, Aug. 12, 5:37 PM
Fri, Aug. 12, 3:06 PM
Fri, Aug. 12, 11:48 AM
- Analyst John Vinh upgrades InvenSense (INVN +12.6%) for the first time since 2014 (Sector weight previously). Price target of $9 ($7.66 current price).
- He comments: "Without a gyro in a smartphone, users are unable to effectively play Pokemon Go today because of limited navigation capabilities." He further sees a 500M unit market where every 10% share increases 2018 EPS estimates by $0.11.
- The company is up more than 30% over the last three months, down 25% on the year and is presently trading more than double the usual share volume (3.01M vs. 1.15M).
Fri, Aug. 12, 9:22 AM
Thu, Jul. 28, 5:37 PM
Thu, Jul. 28, 4:16 PM
Wed, Jul. 27, 5:35 PM
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Sat, Jul. 23, 1:08 PM
- 7-Eleven and drone delivery service upstart Flirtey announce that they have completed the first fully autonomous drone delivery to a customer's residence. The pair says the development will help advance research toward integrating drones into the National Airspace System.
- The drone delivery in the Reno area, which marked the first time a U.S. customer has received a package to their home via drone, included Slurpee drinks, a chicken sandwich, donuts, hot coffee, and candy.
- Looking ahead, the two companies have plans to expand drone delivery tests and work closely together, according to a top 7-Eleven exec.
- Drone watch: While there's some speculation on the ways that companies such as Amazon (NASDAQ:AMZN), Wal-Mart (NYSE:WMT), Walgreens Boots Alliance (NASDAQ:WBA), and Domino's Pizza (NYSE:DPZ) could use drone delivery, many industry watchers think emergency conditions (flood/forest fire/earthquake/medical) or niche situations (oil rigs/barrier islands/inaccessible roads) are the most likely scenarios for widespread drone action. Earlier this year, an article in the MIT Technology Review speculated that an intermediary dropping off point out such as the local Starbucks (NASDAQ:SBUX) store could be utilized instead of working out all the problems of home delivery.
- Related (directly and tangentially) stocks: AMBA, AVAV, DJI, OTCQX:DRNE, HON, INVN, IXYS, GPRO, TRMB, FDX, UPS, TGT.
Tue, Jul. 5, 10:18 AM
- Cirrus Logic (NASDAQ:CRUS) is off 7.4% and Skyworks Solutions (NASDAQ:SWKS) down 5.6% as Pacific Crest downgrades both to Sector Weight amid some disappointing iPhone supply chain forecasts.
- Qorvo (QRVO -5.5%) and InvenSense (INVN -5.1%) are down as well.
- Pac Crest has a fair value range of Cirrus Logic of $33-$36 (vs. its previous close of $38.04) and for $60-$67 on Skyworks (vs. previous close of $62.60).
- It also cut price targets on Analog Devices (ADI -1.7%) to $60 from $62 (7.7% upside); Broadcom (AVGO -2.5%) to $180 from $185 (19.7% upside) and Qualcomm (QCOM -1.3%) to $59 from $61 (12.8% upside).
- "Our lowered estimates reflect a much more disappointing second-half 2016 iPhone 7 ramp than what we had previously expected, as feedback from Asia indicates units are expected to be down 15% to 20% as compared to the iPhone 6s, as Apple appears to be taking a much more cautious view of the ramp," the analysts wrote.
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.
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
Thu, Jun. 2, 5:35 PM
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 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