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InvenSense

5/22/2013, 11:23 PM ET

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Wednesday, May 15, 12:13 PM InvenSense (INVN +4.6%) will gain Apple as a client this year and will also be designed into Samsung's Galaxy Note 3, says Pac Crest in a note that's lifting shares. On Monday, Wedge Partners, which in the past has said checks point to an iPhone 5S design win, said initial Apple shipments could happen in Q2, and that InvenSense is part of a reference design for MediaTek's 6589 quad-core processor, something that has led to a design win with growing Chinese smartphone vendor Xiaomi. Also: InvenSense filed a fresh lawsuit against archrival STMicroelectronics (STM +1.7%) yesterday. 1 Comment [Tech, On the Move]
Friday, May 3, 10:29 AM Heavily-shorted InvenSense (INVN +25.7%) continues shooting higher after beating FQ4 estimates. FQ1 guidance isn't great - revenue of $53M-$55M and EPS of $0.12-$0.14 vs. a consensus of $56.4M and $0.15 - but the motion sensor chipmaker also talked on its CC about a strong backlog and a solid relationship with Samsung, and didn't do anything to shoot down reports of an iPhone 5S design win. Top rival and current iPhone motion sensor supplier STMicroelectronics (STM -0.1%) is missing out on today's rally. (earlier) 1 Comment [Tech, On the Move, Earnings]
Friday, May 3, 9:10 AM Premarket gainers: PKT +32%. YRCW +27%. INVN +18%. YY +8%. DDD +5%.
Losers: VCRA -35%. ZAGG -24%. GUID -23%. CHE -16%. ARNA -13%. CETV -13%. HMY -9%. LNKD -9%. AGNC -6%. RBS -6%. 3 Comments [On the Move]
Friday, May 3, 8:52 AM InvenSense (INVN), still a long way from last year's highs, spikes 15.5% premarket after its Q4 results beat estimates. Net revenue and net income for Q4 and for FY13 both rose markedly over the prior year and the company ended its fiscal year with $200.3M in cash versus $157.8M at the end of FY2012. "We deliver[ed] above the higher end of our stated revenue outlook for Q4 [and] our customer design pipeline for FY14 continued to expand significantly across all … products," notes CEO Behrooz Abdi. (PR) 1 Comment [On the Move]
Thursday, May 2, 7:40 PM InvenSense (INVN): FQ4 EPS of $0.15 beats by $0.01. Revenue of $55.2M beats by $2.M. (PR) 3 Comments [Earnings, Breaking News, Tech]
Thursday, May 2, 6:10 PM After-hours top gainers, as of 5:15 p.m.: PKT +23%. BCOR +12%. INVN +8%. FORM +7%. FLT +6%.
After-hours top losers: ZAGG -26%. VCRA -26%. GUID -20%. ARNA -15%. BRKR -11%. Comment! [On the Move]
Thursday, May 2, 12:10 AM Notable earnings after Thursday’s close: ACLS, ACTV, ADNC, AGNC, AIG, ALSK, AREX, ARNA, ATHN, BBG, BCOR, BERY, BRKR, CBI, CNQ, DNB, DOLE, DRIV, EGO, ELON, ELX, FBHS, FLR, FLT, GEOS, GHDX, GILD, GMED, GTY, HAIN, HI, HMA, HTGC, INVN, KOG, KRFT, LNKD, MKH, MTZ, MYL, NBIX, NFG, NILE, NSR, ONNN, OPEN, PKT, PWER, QLGC, SKUL, SPF, SPWR, SWN, TDC, THOR, TPX, TSYS, TTMI, WTW, WWWW, XL, ZAGG Comment! [Earnings]
Wednesday, May 1, 5:35 PM Notable earnings after Thursday’s close: ACLS, ACTV, ADNC, AGNC, AIG, ALSK, AREX, ARNA, ATHN, BBG, BCOR, BERY, BRKR, CBI, CNQ, DNB, DOLE, DRIV, EGO, ELON, ELX, FBHS, FLR, FLT, GEOS, GHDX, GILD, GMED, GTY, HAIN, HI, HMA, HTGC, INVN, KOG, KRFT, LNKD, MKH, MTZ, MYL, NBIX, NFG, NILE, NSR, ONNN, OPEN, PKT, PWER, QLGC, SKUL, SPF, SPWR, SWN, TDC, THOR, TPX, TSYS, TTMI, WTW, WWWW, XL, ZAGG Comment! [Earnings]
Wednesday, April 24, 12:28 PM Are wireless chip stocks decoupling from Apple? Even with Apple off slightly as bleak June quarter guidance outweighs fresh capital returns, iPhone/iPad combo chip supplier Broadcom (BRCM +6.6%) is surging thanks to a Q1 beat and strong Q2 guidance, and is helping out some peers - QCOM +1.4%, SWKS +2.6%, INVN +1.8%, SNDK +1%. During its earnings call, Broadcom, which also provides combo chips for many Samsung phones, stated mobile chip sales only fell 1.6% Q/Q in seasonally weak Q1, and forecast sequential growth for the business (Apple-dependent Cirrus Logic sure isn't doing the same). Qualcomm reports after the close. 4 Comments [Tech, Earnings, On the Move]
Friday, March 8, 10:38 AM InvenSense (INVN +4.9%) will likely be a motion sensor supplier for the iPhone 5S, says Wedge Partners in a report that has led shares to spike higher. Apple has been relying on rival STMicroelectronics (STM +0.5%). earlier this week, InvenSense announced it had won a stay on a U.S. suit filed by STM due to progress made by InvenSense in challenging the patents asserted by STM through the USPTO. 24.5% of InvenSense's float was shorted as of Feb. 15. 2 Comments [Tech, On the Move]
Wednesday, March 6, 5:36 PM After-hours top gainers, as of 5:15 p.m.: NQ +19%. VVTV +12%. SMTC +11%. INVN +4%. ANGI +4%.
After-hours top losers: SCTY -11%. PETM -8%. CE -8%. VICL -7%. BSFT -6%. Comment! [On the Move]
Wednesday, February 27, 2:30 PM 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. 3 Comments [Tech, On the Move]
Wednesday, January 30, 6:44 PM Some mobile chipmakers are ticking higher following strong calendar Q4 reports from Qualcomm and Skyworks. CRUS +0.9% AH. AVGO +1.3%. RFMD +1.2%. BRCM, TQNT, INVN, and OVTI could also end up moving. Meanwhile, strong reports from Citrix, Fortinet, and ServiceNow have produced modest gains in some enterprise IT names. RHT +1.1% AH. VMW +0.8%. FFIV +0.6%. INFA +1%. Comment! [Tech]
Thursday, January 24, 11:14 AM InvenSense (INVN +11.7%) is off to the races after handily beating FQ3 estimates. The motion sensor maker guided on its earnings call for FQ4 revenue of $52M-$54M and EPS of $0.15, which compares with a consensus of $53.1M and $0.14. Management boasted of healthy mobile design win activity for InvenSense's 6-axis and 9-axis sensors - the latter combines a gyroscope, accelerometer, and compass into a single package. Pac Crest's Tuesday coverage launch is looking timely. Comment! [Tech, Earnings, On the Move]
Wednesday, January 23, 7:02 PM InvenSense (INVN): FQ3 EPS of $0.19 beats by $0.03. Revenue of $58.9M (+42.9% Y/Y) beats by $. Shares +1.6% AH. (PR) 1 Comment [Earnings, Tech, Breaking News, On the Move]
Wednesday, January 23, 12:05 AM Notable earnings after Wednesday’s close: AAPL, ALTR, AMGN, BKW, CBST, CCI, FBC, FFIV, HXL, INVN, JEC, LOGI, LRCX, LSI, MIPS, MLNX, NE, NFLX, PLCM, SWFT, SNDK, SYK, SYMC, TER, URI, VAR, WDC Comment! [Earnings]