Today, Analysts give average Rating of “Hold” to InvenSense Inc. (INVN)

Today, Analysts give average Rating of “Hold” to InvenSense Inc. (INVN)
Shares of InvenSense Inc. (NYSE:INVN) have been assigned a consensus rating of “Hold” from the thirteen research firms that are presently covering the firm. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $8.20.

A number of brokerages have issued reports on INVN. Zacks Investment Research downgraded InvenSense from a “hold” rating to a “sell” rating in a research note on Wednesday, November 9th. Roth Capital assumed coverage on InvenSense in a research report on Wednesday, August 31st. They set a “buy” rating and a $9.00 price objective for the company. Pacific Crest reissued a “buy” rating and set a $9.00 price objective on shares of InvenSense in a research report on Friday, November 4th. Benchmark Co. set a $8.00 price objective on InvenSense and gave the stock a “hold” rating in a research report on Sunday, November 6th. Finally, Northland Securities raised InvenSense from a “market perform” rating to an “outperform” rating and set a $10.00 price objective for the company in a research report on Friday, July 29th.

Shares of InvenSense (NYSE:INVN) traded up 0.87% during trading on Friday, reaching $8.16. 508,115 shares of the company’s stock were exchanged. The company’s market capitalization is $766.81 million. The stock has a 50-day moving average price of $7.50 and a 200 day moving average price of $6.93. InvenSense has a 12-month low of $5.42 and a 12-month high of $12.23.

InvenSense (NYSE:INVN) last issued its earnings results on Thursday, November 3rd. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by $0.01. InvenSense had a negative return on equity of 5.35% and a negative net margin of 15.81%. The company earned $79.80 million during the quarter, compared to analyst estimates of $79.67 million. During the same period last year, the business earned $0.16 earnings per share. The firm’s revenue was down 29.1% compared to the same quarter last year. Equities analysts expect that InvenSense will post ($0.03) EPS for the current fiscal year.

In other news, VP Daniel Goehl sold 3,750 shares of InvenSense stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $7.88, for a total value of $29,550.00. Following the completion of the transaction, the vice president now owns 24,138 shares in the company, valued at approximately $190,207.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark P. Dentinger sold 7,110 shares of InvenSense stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $7.55, for a total value of $53,680.50. Following the completion of the transaction, the chief financial officer now owns 28,380 shares of the company’s stock, valued at approximately $214,269. The disclosure for this sale can be found here. 14.20% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in INVN. Scout Investments Inc. boosted its position in shares of InvenSense by 0.5% in the third quarter. Scout Investments Inc. now owns 218,425 shares of the company’s stock valued at $1,621,000 after buying an additional 1,100 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of InvenSense by 0.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 1,408,360 shares of the company’s stock valued at $10,450,000 after buying an additional 3,700 shares during the last quarter. Panagora Asset Management Inc. bought a new position in shares of InvenSense during the third quarter valued at about $277,000. Highbridge Capital Management LLC bought a new position in shares of InvenSense during the third quarter valued at about $109,000. Finally, D. E. Shaw & Co. Inc. boosted its position in shares of InvenSense by 128.5% in the third quarter. D. E. Shaw & Co. Inc. now owns 644,854 shares of the company’s stock valued at $4,785,000 after buying an additional 362,635 shares during the last quarter. Institutional investors and hedge funds own 43.59% of the company’s stock.

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