Laureate Trust

InvenSense Upgraded to Strong Buy Based on Apple iDevices Partnership, According to Laureate Trust

According to Laureate BVI, Invensense (INVN) is rated a strong buy because it’s expected the company will announce a partnership with Apple that will more than double the current production of Invensense (INVN) microchips.


Beverly Hills, CA -- (ReleaseWire) -- 07/07/2014 -- Laureate BVI issued a strong buy rating on InvenSense (INVN) based on anticipated sales of the upcoming release of iPhone 6 and iWatch . Laureate sees the current price as an opportunity to buy a company that could increase 30 per cent in price within the next 6 months.

InvenSense (INVN) is currently trading at US$22.90. InvenSense has a 52-week low of US$14.99 and a high of US$23.60. The stock’s 50-day moving average is US$20.542and its 200-day moving average is US$20.50. The company has a market cap of US$2.12 billion.

“We expect InvenSense microchips to be used in the next generation of Apple products. InvenSense has not officially announced that it will be used in the iPhone 6 or iWatch but our sources have reported that the company has increased capacity from 400 million units to 1 billion units. We see 30-50% upside in this company stock,” according to Laureate BVI CEO Peter Tasca.

Tasca further states, "InvenSense is a leader in high-performance Motion Tracking sensors, this company has already provided Samsung with 157 million component units, that is 50% of all Samsung Smartphones.”

According to iSuppli, “The number of 4G phones shipped to China is expected to soar from 4.6 million units in 2013 to 72.6 million in 2014, and increasing to over 220 million by 2016.”

China Mobile is a lot more optimistic, the operator expects 4G shipments to reach 200 million units in 2014.

Laureate’s product research notes, InvenSense will continue to grow its business from Samsung, Xiaomi and LG. Nearly 30% of its revenue is derived from Samsung but we expect InvenSense chips to be supplied to Apple because of the development a self-calibrating module and an altimeter to enable 3-D navigation.

Tasca states, “InvenSense has made solid product development. Apple would not partner with a firm that does not add substantial value to its product line. InvenSense through its R&D has expanded its lead in the nascent and fast growing markets of optical image stabilization and wearable and fitness devices which is a perfect fit for Apple.”

Laureate reports, InvenSense is positioned for phenomenal growth with or without Apple, Strong Buy target price US$30.00 for this stock.

About Laureate Trust
In 2013, Laureate Trust received the prestigious award in Finance by the US Institute for Excellence in Commerce. Last year this multiple platform strategy returned +23.01% net of all fees which has outperformed the Barron’s Top 100 Hedge Fund Average, Barclayhedge Fund Index Average and the S&P 500 Total Return Average.

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