Stock of the Day: InvenSense
The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics relating to their 10-Bagger portfolio.
Yesterday, investors saw some earnings misses from some very prominent companies. InvenSense, however, was one company that appeared to deliver positive results. Its earnings met expectations, and the company also foresees a 28% increase in revenue for next quarter. Smartphones now make up 75% of InvenSense's revenue, and it's the standard for Google's Android operating system. InvenSense continues to invest in new products to stay ahead of competitors like STMicroelectronics (NAS: STM) and MEMSIC. In fact, it is seeing excellent adoption of its 6-axis sensors. With the news, shares look oversold here and very attractive, especially as InvenSense goes after the fitness, image stabilization, and industrial markets. InvenSense might be a compelling opportunity for some investors.
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The article Stock of the Day: InvenSense originally appeared on Fool.com.John Reeves owns shares of Google. David Meier owns no shares in any of the companies mentioned. The Motley Fool owns shares of Google, InvenSense, and Qualcomm. Motley Fool newsletter services recommend Google. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.