03-18-2014, 01:19 AM
InvenSense rallies; Baird talks S5, iWatch opportunities • 11:16 AM
- Baird has hiked its InvenSense (INVN +5.1%) PT to $28 from $23. The firm thinks InvenSense may be the sole motion sensor supplier for Samsung's Galaxy S5 (goes on sale next month), and considers Apple's oft-rumored iWatch a growth opportunity.
- Shares slipped on Friday after Needham stated it "did not get the impression" during a talk with management that InvenSense scored an iPhone 6 optical image stabilization gyroscope design win.
- Following today's gains, InvenSense is once more near its 52-week high of $23.92.

