Company Update (NYSE:INVN): InvenSense Inc Introduces Industry’s First 74 dB SNR Analog MEMS Microphone Enabling Far Field Audio Capture

InvenSense Inc (NYSE:INVN) announced the world’s first 74 dB signal-to-noise (SNR) MEMS microphone for far field audio applications such as teleconference systems, voice controlled home and Internet of Things (IoT) devices. The analog-output ICS-40730 delivers 74 dB SNR performance in a bottom port surface mount package. There are a growing number of applications that require reliable far field voice capture capability, such as speech recognition, key word detection, voice command, and high quality voice communications. The ICS-40730 addresses the stringent requirements of these applications by providing very low noise audio capture to beamforming and audio processing algorithms, improving the performance of the overall system.

“The ICS-40730 is the highest SNR MEMS microphone in the industry and has been developed to meet the growing demands of high performance audio in markets such as home automation and the Internet of Things,” said Eitan Medina, vice president marketing and product management at InvenSense. “We continue to focus on the development of high performance innovative products that improve end user experience and empower new and exciting use cases.”

The 74 dB SNR MEMS microphone compliments the InvenSense portfolio of performance leading MEMS microphones. InvenSense’s existing ICS-40720, the world’s only 70 dB SNR MEMS microphone has been shipping in volume for over two years.

InvenSense’s ICS-40730 is now available for limited sampling and will be in mass production in Q3 2017. (Original Source)

Shares of InvenSense are falling 0.08% to $12.78, or down $0.01 in pre-market trading Wednesday. INVN has a 1-year high of $12.92 and a 1-year low of $5.42. The stock’s 50-day moving average is $9.77 and its 200-day moving average is $7.73.

On the ratings front, InvenSense Inc (NYSE: INVN) has been the subject of a number of recent research reports. In a report issued on December 22, Pacific Crest analyst John Vinh downgraded INVN to Hold. Separately, on the same day, Loop Capital Markets’ Betsy Van Hees downgraded the stock to Hold and has a price target of $13.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, John Vinh and Betsy Van Hees have a yearly average return of 10.8% and 20.8% respectively. Vinh has a success rate of 59% and is ranked #379 out of 4351 analysts, while Hees has a success rate of 60% and is ranked #109.

Sentiment on the street is mostly neutral on INVN stock. Out of 6 analysts who cover the stock, 5 suggest a Hold rating and one recommends to Buy the stock. The 12-month average price target assigned to the stock is $12.75, which represents a slight downside potential from current levels.

InvenSense, Inc. designs, develops, markets and sells micro-electro-mechanical system gyroscopes for motion tracking devices in consumer electronics. It targets applications in smart phones, tablet devices, console and portable video gaming devices, digital still and video cameras, smart TVs, 3D mice, wearable health and fitness monitors and portable navigation devices. 

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