In a research report issued today, Roth Capital analyst Krishna Shankar reiterated coverage on InvenSense (NYSE:INVN) with a Buy rating and a $25 price target, as the company is scheduled to report its fiscal third-quarter results on Thursday (1/29).

Shankar wrote, “On January 29, we expect INVN to report in-line revenue/proforma EPS results of $111.9 million/$0.20 driven by momentum for Apple iPhone6 shipments, dominant market-share at Samsung and LG, and growing momentum with toptier China Android handset vendors such as Xiomi, Huawei, Lenovo, Oppo, and ZTE.”

The analyst continued, “Beyond near-term margin issues, we believe that INVN has growth opportunities for its OIS chips, microphone chips, sensor SoC chips with software in markets such as wearables, smart TV, gaming, and health/fitness applications.” He added,”We maintain our FY15 (March) revenue/proforma EPS estimates of $363.4 million/$0.46 and our FY16 (March) estimates of $475.2 million/$1.02.”

InvenSense, Inc. designs, develops, markets, and sells micro-electro-mechanical system (MEMS) gyroscopes for motion tracking devices in consumer electronics.