The analyst firm raised its price target for the mobile sensor maker to $28 from $23. The firm believes InvenSense is the only sensor maker with chips in the upcoming Samsung Galaxy S5. RW Baird also thinks the rumored Apple (AAPL) iWatch could be a growth opportunity for InvenSense.
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- The revenue growth came in higher than the industry average of 2.7%. Since the same quarter one year prior, revenues rose by 13.2%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- Despite currently having a low debt-to-equity ratio of 0.43, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further. Even though the debt-to-equity ratio shows mixed results, the company's quick ratio of 3.18 is very high and demonstrates very strong liquidity.
- Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. When compared to other companies in the Electronic Equipment, Instruments & Components industry and the overall market, INVENSENSE INC's return on equity is below that of both the industry average and the S&P 500.
- You can view the full analysis from the report here: INVN Ratings Report