Law Offices of Howard G. Smith reminds investors that purchasers of the common stock of InvenSense, Inc. (“InvenSense” or the “Company”) (NYSE:INVN) between July 29, 2014 and October 28, 2014, inclusive (the “Class Period”), have until March 9, 2015 to file a motion to be appointed as lead plaintiff in the shareholder lawsuit filed in the United States District Court for the Northern District of California. Investors who have losses of $100,000 or more are encouraged to contact the firm for more information.

InvenSense designs, develops and markets micro-electro-mechanical system gyroscopes for motion tracking devices in consumer electronics. The lawsuit alleges that defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company had entered into an agreement with Apple, Inc. to supply sensors for the iPhone 6 and iPhone 6 plus at heavily discounted prices; (2) the low prices charged to Apple, along with low prices charged to Samsung, would negatively impact the Company’s margins; (3) InvenSense encountered manufacturing problems and inefficiencies which negatively impacted margins; (4) the Company lacked a reasonable basis to provide its stated near-term financial guidance or to assure investors that margins would be consistent with historical levels; (5) the Company’s Form 10-Q for the first quarter of 2015 failed to disclose then-known trends, events or uncertainties associated with the Company’s sales and margins that were reasonably likely to have a material effect on InvenSense’s future operating results; and (6), as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company’s financial performance and outlook during the Class Period.

On October 28, 2014, the Company reported disappointing financial results for its second fiscal quarter ended September 28, 2014, including net revenue of $90.2 million and a net loss of $6.868 million. The Company also reported, among other things, disappointing GAAP gross margins of only 35% and non-GAAP gross margins of 37%, compared with GAAP gross margins of 47% and non-GAAP gross margins of 50% in the first quarter of fiscal 2015. Following this news, InvenSense shares declined 25%, or $5.40 per share, to a closing price of $16.08 per share on October 29, 2014, on unusually heavy volume.

If you are a member of the Class described above, you may move the Court no later than March 9, 2015 to serve as lead plaintiff if you meet certain legal requirements. To be a member of the Class, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you suffered losses of $100,000 or more and wish to learn more about this action, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.