Analysts John Vinh and Kevin Chen raised the price target and estimates for InvenSense. After a trip to Asia the analysts wrote "we are more confident that the iPhone 6 will support NFC, the larger-screen iPhone 6 (5.5") will support OIS (optical image stabilization) and Renesas SP drivers are expected to maintain their primary incumbent position in the upcoming iPhone 6."
Pacifci Crest reiterated its "outperform" rating for InvenSense.
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Separately, TheStreet Ratings team rates INVENSENSE INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate INVENSENSE INC (INVN) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and premium valuation."
Highlights from the analysis by TheStreet Ratings Team goes as follows: