InvenSense Inc. (NYSE:INVN) received a $8.00 price objective from analysts at Benchmark Co. in a research note issued on Sunday. The brokerage currently has a “hold” rating on the stock. Benchmark Co.’s target price suggests a potential downside of 1.96% from the stock’s current price.
Several other analysts also recently commented on INVN. Northland Securities raised shares of 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. Pacific Crest raised shares of InvenSense from a “sector weight” rating to an “overweight” rating and raised their price objective for the stock from $6.80 to $9.00 in a research report on Friday, August 12th. Finally, Roth Capital initiated coverage on shares of InvenSense in a research report on Wednesday, August 31st. They set a “buy” rating and a $9.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $8.30.
InvenSense (NYSE:INVN) traded up 0.87% during mid-day trading on Friday, reaching $8.16. 507,715 shares of the company’s stock traded hands. InvenSense has a 12 month low of $5.42 and a 12 month high of $12.23. The company has a 50 day moving average price of $7.51 and a 200-day moving average price of $6.94. The stock’s market cap is $766.81 million.
InvenSense (NYSE:INVN) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by $0.01. The company had revenue of $79.80 million for the quarter, compared to analyst estimates of $79.67 million. InvenSense had a negative return on equity of 5.35% and a negative net margin of 15.81%. The business’s quarterly revenue was down 29.1% compared to the same quarter last year. During the same period last year, the business earned $0.16 EPS. On average, analysts anticipate that InvenSense will post ($0.03) EPS for the current year.
In other news, VP Daniel Goehl sold 3,750 shares of InvenSense stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $7.88, for a total transaction of $29,550.00. Following the sale, the vice president now directly owns 24,138 shares in the company, valued at approximately $190,207.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark P. Dentinger sold 7,110 shares of InvenSense stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $7.55, for a total value of $53,680.50. Following the sale, the chief financial officer now owns 28,380 shares in the company, valued at $214,269. The disclosure for this sale can be found here. Company insiders own 14.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in INVN. FMR LLC boosted its stake in shares of InvenSense by 598.7% in the second quarter. FMR LLC now owns 1,614,100 shares of the company’s stock worth $9,894,000 after buying an additional 1,383,100 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of InvenSense by 81.6% in the third quarter. JPMorgan Chase & Co. now owns 2,760,768 shares of the company’s stock worth $20,485,000 after buying an additional 1,240,173 shares in the last quarter. Two Sigma Investments LLC purchased a new stake in shares of InvenSense during the fourth quarter worth about $9,839,000. Spark Investment Management LLC boosted its stake in shares of InvenSense by 181.9% in the first quarter. Spark Investment Management LLC now owns 1,305,600 shares of the company’s stock worth $10,967,000 after buying an additional 842,400 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of InvenSense during the first quarter worth about $7,038,000. Institutional investors own 43.59% of the company’s stock.
InvenSense Company Profile