Over the next couple of weeks John and David will be reviewing their real-money 10-Bagger Portfolio. In this video, they take a closer look at InvenSense.
InvenSense has been on one heck of a ride since John and David first bought it. The company is stronger today, and shares are very attractive. Last quarter, management noted that Qualcomm was having trouble getting chips for smartphones. It appears that problem is no longer a concern, and InvenSense is growing. The demand for motion sensors for smartphones and tablets remains strong, especially by those running on Google's Android platform. There's even talk that InvenSense's chips could make an appearance in Apple's iPad mini, but that rumor has not been confirmed.
InvenSense doesn't need Apple to be successful going forward. It is working with Chinese handset manufacturers and recently collaborated with Black & Decker on a twist-enabler screwdriver. The lawsuit by ST Microelectronics is still out there, but InvenSense has responded strongly. With all of its options for growth over the next three to five years, InvenSense is a strong buy today.
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