InvenSense (INVN) Sell-Off on Apple Concerns Overdone - Ascendiant Capital
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Needham & Company Upgrades InvenSense (INVN) to Strong Buy; Look Past Fearmongers
October 1, 2014 6:25 AM EDTNeedham & Company upgraded InvenSense (NYSE: INVN) from Buy to Strong Buy while maintaining a $28.00 price target.
Analyst Vernon Essi, Jr. commented, "We strongly believe investors should look past the unpredictable nature of short-term fearmongers and remain focused on the long-term strategic... More
UPDATE: Analyst Becomes Cautious on InvenSense (INVN) Following Tech Issue (AAPL)
September 29, 2014 10:03 AM EDT(Updated - September 30, 2014 8:32 AM EDT)
InvenSense (Nasdaq: INVN) is pressured Monday as one analyst is shifting his view on the company.
Rosenblatt's Brian Blair is moving his outlook on InvenSense from Bullish to Cautious. The analyst sees InvenSense losing anywhere from 50 to 100 percent of its accelerometer/gyroscope socket business it recently won with Apple (Nasdaq: AAPL), mainly due to a technical issue with the MPU-6700 part and how it interacts with certain features of the iPhone 6.
Apple might select STMicro (NYSE:... More
