Topic: How To Invest

Hi Pat: I was wondering, what are your thoughts on InvenSense? Thanks.

Article Excerpt

InvenSense, $24.77, symbol INVN on Nasdaq (Shares outstanding: 88.6 million; Market cap: $2.2 billion; www.invensense.com), makes computer chips that can track an object’s motion. A range of consumer electronics use the company’s technology, including smartphones, tablets, wearable computers, gaming devices, cameras and remote controls for smart TVs. Fast-selling products that contain its chips include Amazon’s Kindle Fire tablet, the Samsung Galaxy Note 3 tablet and the Google Nexus 5 smartphone. InvenSense’s products are also used in industrial applications. The company is now reportedly adding Apple as a customer. This would include chip designs for the iPhone 6 and updates of the iPad and iPad Mini. InvenSense recently announced that it is increasing its manufacturing capacity to one billion units from 400 million, a major indication that Apple will indeed become a customer. Apple is reportedly planning multiple versions of a smartwatch—or iWatch—later this year. The devices could include more than 10 sensors to track and monitor health and fitness data. InvenSense is a leading…