Company Update (NYSE:INVN): InvenSense Inc Elevates User Experience in Today’s Newest Connected Homes and Motion Based Remotes

InvenSense Inc (NYSE:INVN), the leading provider of intelligent sensor system on chip (SoC) for Motion and Sound, announced its continuing pivotal role in providing a comprehensive solution set for today’s next-generation connected home systems, TV remotes, set-top box systems, and controllers. The latest motion and voice remote control reference from InvenSense delivers significantly improved user experience with enhanced content navigation, gesture- and voice-interfaces, and gaming support. This reference design consists of the high performance 6-axis motion tracking (ICM-20608) and the ultra-low power I2S microphone (ICS-43432), as well as the field proven InvenSenseTV (formally MoveaTV) software solution performing in air point-and-click, gesture and voice recognition. InvenSense enables OEMs to accelerate time to market by providing a complete sensor, microphone and software portfolio. InvenSense offers ubiquitous features and technologies to select and navigate applications, such as videos on demand, web browsing, social media, gaming, and home automation systems like lights and door locks resulting in a unique and unmatched user experience.

InvenSense’s SoC solutions allow for a full six degrees-of-freedom motion, provides optimized motion processing access and enables users to effortlessly navigate today’s interface applications and content with natural in-air point-and-click, directional swipes, gesture recognition and multi-touch emulation with motion. The reference design solution also delivers new gaming experiences by allowing users to play games using the remote as a controller. For example, in a virtual tennis game, the remote control can be used as a racket, detecting the player’s swings.

“As set-top boxes, Smart TVs, connected media players, and gateways offer more services and apps, consumers are increasingly looking for more intuitive user interfaces. This desire for a more interactive experience is paving the way for motion and sound sensing technologies to create simpler and more immersive experiences across a wide variety of Internet of Things platforms,” commented Eitan Medina, vice president of marketing and product management at InvenSense. “InvenSense is committed to providing optimal navigation and gaming experiences to our users and our motion and sound solutions supplant the inherent limitations associated with scrolling and menu buttons across traditional remotes and other CE products.” (Original Source)

Shares of InvenSense Inc closed last Friday at $9.89. INVN has a 1-year high of $25.95 and a 1-year low of $8.46. The stock’s 50-day moving average is $11.14 and its 200-day moving average is $14.21.

On the ratings front, InvenSense has been the subject of a number of recent research reports. In a report issued on August 12, Canaccord Genuity analyst Matt Ramsay reiterated a Buy rating on INVN, with a price target of $15, which implies an upside of 51.7% from current levels. Separately, on August 5, Barrington Research’s Ted Moreau downgraded the stock to Hold .

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Matt Ramsay and Ted Moreau have a total average return of -4.9% and 0.9% respectively. Ramsay has a success rate of 36.4% and is ranked #3451 out of 3747 analysts, while Moreau has a success rate of 40.0% and is ranked #2278.

The street is mostly Bullish on INVN stock. Out of 5 analysts who cover the stock, 3 suggest a Buy rating and 2 recommend to Hold the stock. The 12-month average price target assigned to the stock is $17.00, which represents a potential upside of 71.9% from where the stock is currently trading.

InvenSense Inc designs, develops, markets and sells Micro-Electro-Mechanical Systems sensors, including accelerometers, gyroscopes and microphones for consumer electronics.

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