BGU - INVN 6/17/13

Published : June 17 2013 at 11:54 ET

INVN, the leading provider of MotionTracking™ devices, had a buyable gap up in Friday's trade. It has an excellent story as we've reported on this in prior reports, and may win a contract with AAPL which would cause it to gap up again, offering a second entry point. Silicon Valley talk is that AAPL has no choice but to use INVN's product as it is the most advanced technology and also the most cost effective. INVN's technology is used in "intelligent headsets" which sense your head movement so they can emulate an environment of real sound coming from different directions. INVN is already offering the code to app developers.

“InvenSense has a large and fast growing developer community of 7,600 developers who recognize the broad application opportunities of motion sensors. These developers can now leverage the Intelligent Headset to develop game-changing audio augmented reality, contextually-aware and location-based applications,” said Ali Foughi, Vice President of Marketing and Business Development at InvenSense.

Earnings and sales continue to accelerate strongly, with earnings up 114% and sales up 67% in the most recent quarter, and institutional sponsorship has increased since it went public 6 quarters ago. That said, it is still within its basing pattern, has come straight up off its bottom, so may need to do a bit more work before it can enjoy a constructive uptrend. Position size accordingly.

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