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Roth Capital Sets Expectations on InvenSense Inc (INVN) Ahead of Earnings

In a research report released Friday, Roth Capital analyst Krishna Shankar reiterated a Buy rating on shares of InvenSense Inc (NYSE:INVN), with a price target of $19, as the company is scheduled to report its fiscal second-quarter earnings results on Wednesday, October 28 after market close. InvenSense shares are currently trading at $10.64, up $0.09 or 0.85%.

Shankar wrote, “On October 28, we expect INVN to report 2Q16 revenue/proforma EPS of $112.4 million/$0.14 with guidance for 1% to 3% sequential revenue growth. We believe that strength at Apple with iPhone6s...