Morgan Stanley Remains Optimistic on InvenSense Despite Margins/Revenue Guidance Miss

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In a report published Friday, Morgan Stanley analyst Joseph Moore reiterated an Equal-Weight rating on

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InvenSense

(NYSE: INVN).In the report, Morgan Stanley noted, “March margins and June revenue guidance were surprisingly soft, but we are optimistic that C2Q will be the low point. EPS the last few qtrs has been underwhelming, and the large inventory build is disconcerting. Still, we are optimistic about long term growth optionality, and look for the right entry point.”InvenSense closed on Thursday at $20.59.