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InvenSense (INVN) Stock Jumps, Exploring Strategic Alternatives

NEW YORK (TheStreet) -- Shares of InvenSense (INVN) were rising on heavy trading volume mid-Monday afternoon after the company said it will consider several options to enhance shareholder value amid "significant interest" in the company.

The chipmaker has hired a financial adviser to help explore its alternatives.

InvenSense added that it isn't certain it will decide on a transaction following the review. The San Jose, CA-based company also has not set a timetable for the evaluation process.

Last week, Reuters...