The San Jose, CA-based sensor chip manufacturer reported fourth quarter earnings that increased 71.4% over the previous year to 12 cents per diluted share, in line with analysts' estimates for the period.
Revenue for the period increased 68% over the year ago period to $99.3 million, topping analysts' $97 million forecast.
"Fiscal 2015 was a significant year for InvenSense. We achieved the highest revenue in company history, driven by strong market share gains and several high-volume customer wins. We also brought to market a record number of new products across our motion sensor, software and microphone portfolio intended to open up incremental revenue growth opportunities over the coming quarters," said CEO Behrooz Abdi.
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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: INVN Ratings Report