Motion sensor developer InvenSense (INVN -11%) dives after filing to sell $110M in shares held...

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

Motion sensor developer InvenSense (INVN -11%) dives after filing to sell $110M in shares held by insiders, and providing FY13 guidance. While reiterating its FQ4 (ends in March) guidance, InvenSense says it expects FQ1 revenue of $38M-$42M and FY13 revenue growth of 40%-50%, below consensus estimates of $42.6M and 51% growth, respectively. InvenSense went public in November.