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InvenSense (INVN) designs, develops, markets, and sells micro-electro-mechanical system (MEMS) gyroscopes for motion tracking devices in consumer electronics.
The company delivers motion interface solutions based on its multi-axis gyroscope technology that target smartphones and tablets, console and portable video gaming devices, digital still and video cameras, smart televisions, 3D mice, navigation devices, toys, and health and fitness accessories.
Its products include 9-axis motiontracking devices, such as MPU-9150, MPU-9250, and MPU-9350 that combine a 3-axis gyroscope, a 3-axis accelerometer, and a 3-axis compass with an onboard digital motion processor; six-axis motion-processors, including MPU-6000 and MPU- 6500 that integrate a three-axis gyroscope and three-axis accelerometer for the smartphone and tablet markets; and MPU-3000 motion-processors consisting of three-axis gyroscopes digital outputs and software development kits to enable motion interface application development.
The company also offers digital gyroscopes consisting of ITG-3000, ITG-3521, and ITG-3501 three-axis digital output products; and IXZ-2020, IDG-2020, IDG-2021, and IDG-2030 optical image stabilization products, as well as MPU-3300, a single-chip integrated 3-axis gyroscope for industrial applications.
InvenSense, Inc. sells its products to manufacturers of consumer electronics devices, original design manufacturers, and contract manufacturers through a direct sales organization and indirect channel of distributors internationally.
Shares have formed a bullish "flag" and higher share prices are expected.
52-Week Trading Range: $9.09 - $16.21
Entry Point: $15.50
Stop Loss: $14.70
Target Price: $17.05
INVN closed at $17.30 after it reached our target price.
