NEW YORK (TheStreet) -- Shares of InvenSense (INVN) were rising on heavy trading volume mid-Monday afternoon after the company said it will consider several options to enhance shareholder value amid "significant interest" in the company.
The chipmaker has hired a financial adviser to help explore its alternatives.
InvenSense added that it isn't certain it will decide on a transaction following the review. The San Jose, CA-based company also has not set a timetable for the evaluation process.
Last week, Reuters reported that the company was exploring strategic options like a possible sale, with potential buyers including several Chinese and Japanese companies.
More than 2.63 million shares of InvenSense have traded so far on Monday vs. the 30-day average of 1.25 million.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "sell" with a ratings score of D+.
The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
You can view the full analysis from the report here: INVN