UPDATE: Oppenheimer Upgrades InvenSense (INVN) to Outperform

(Updated - September 21, 2012 10:06 AM EDT)

Oppenheimer upgraded InvenSense (NYSE: INVN) from Perform to Outperform with a $17 price target.

The firm comments, "With its leading Android share, recent design wins at Samsung, and several reference designs with leading Chinese domestic maker chip vendors, INVN is poised to grow its revenues and earnings. We think its leverage to the right end markets (Samsung, Android, China) merits a premium multiple."

For an analyst ratings summary and ratings history on InvenSense click here. For more ratings news on InvenSense click here.

Shares of InvenSense closed at $13.10 yesterday.

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