Why We're Buying (More) InvenSense
The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics across the investing world.
InvenSense's stock has been bouncing around recently, creating a good opportunity for John and David to buy more shares for their real-money portfolio. InvenSense makes motion sensor chips. It started with Nintendo, and has moved into smartphones and tablets, and is looking at all sorts of new markets to enter. Its chips are featured in most devices that use Google's Android operating systems, and it recently worked with Stanley Black & Decker to create a motion-activated power screwdriver. It's a data-driven world, and InvenSense is an enabler. Despite competition from ST Microelectronics, Analog Devices, and MEMSIC, InvenSense continues to grow. As more devices use InvenSense's chips, and more developers create applications for them, its growth will continue. Shares trade at an attractive price, as well, which is why John and David will be buying more.
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The article Why We're Buying (More) InvenSense originally appeared on Fool.com.David Meier owns shares of InvenSense. John Reeves owns shares of Google. The Motley Fool owns shares of Google and InvenSense. Motley Fool newsletter services recommend Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.