InvenSense price target raised to $23 from $20 at RW Baird Baird raised its price target on InvenSense following meetings with management. The firm believes the company is well positioned ahead of flagship smartphone ramps as well as gross margin expansion. Shares are Outperform rated.
InvenSense continues to have downside risk, says Pacific Crest Pacific Crest said InvenSense assumes 100% market share for their motion sensors in both the iPhone and Samsung phones to make guidance, but both STMicroelectronics and Bosch are gaining share at both companies. The analyst expects earnings to get squeezed from market share losses and further margin pressure. Shares are Sector Perform rated.