Brokerages Set InvenSense Inc (INVN) Target Price at $11.14

Shares of InvenSense Inc (NYSE:INVN) have been assigned a consensus recommendation of “Hold” from the ten research firms that are covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $11.14.

Separately, Canaccord Genuity reaffirmed a “hold” rating and issued a $13.00 price target on shares of InvenSense in a research report on Thursday, May 18th.

InvenSense (NYSE:INVN) remained flat at $12.99 on Monday. The stock had a trading volume of 5,619,013 shares. InvenSense has a 12-month low of $5.50 and a 12-month high of $13.00. The stock has a 50-day moving average of $12.96 and a 200 day moving average of $12.26.

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In related news, VP Daniel Goehl sold 8,020 shares of InvenSense stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $12.98, for a total transaction of $104,099.60. Following the sale, the vice president now directly owns 33,307 shares of the company’s stock, valued at $432,324.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Behrooz L. Abdi sold 4,701 shares of InvenSense stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $12.98, for a total value of $61,018.98. Following the sale, the chief executive officer now directly owns 250,315 shares in the company, valued at $3,249,088.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,029 shares of company stock worth $311,896. 14.20% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in INVN. Scout Investments Inc. increased its stake in InvenSense by 0.5% in the third quarter. Scout Investments Inc. now owns 218,425 shares of the semiconductor company’s stock worth $1,621,000 after buying an additional 1,100 shares during the period. OppenheimerFunds Inc. increased its stake in InvenSense by 2.4% in the first quarter. OppenheimerFunds Inc. now owns 76,619 shares of the semiconductor company’s stock worth $968,000 after buying an additional 1,807 shares during the period. WFG Advisors LP increased its stake in InvenSense by 499.8% in the fourth quarter. WFG Advisors LP now owns 2,999 shares of the semiconductor company’s stock worth $115,000 after buying an additional 2,499 shares during the period. American International Group Inc. increased its stake in InvenSense by 7.1% in the first quarter. American International Group Inc. now owns 50,357 shares of the semiconductor company’s stock worth $636,000 after buying an additional 3,331 shares during the period. Finally, Legal & General Group Plc increased its stake in InvenSense by 15.9% in the first quarter. Legal & General Group Plc now owns 26,311 shares of the semiconductor company’s stock worth $333,000 after buying an additional 3,618 shares during the period. 46.50% of the stock is currently owned by institutional investors and hedge funds.

InvenSense Company Profile

InvenSense, Inc (InvenSense) is engaged in designing, developing, marketing and selling of sensor system-on-chip (SoC), including accelerometers, gyroscopes and microphones for the mobile, wearable, smart home, gaming, industrial and automotive market segments. The Company delivers solutions based on its motion and sound technology; focused on solutions, such as smartphones, tablets, wearables, console and portable video gaming devices, digital television and set-top box remote controls, fitness accessories, sports equipment, digital still cameras, automobiles, ultra-books, laptops, hearing aids, stabilization systems, tools, navigation devices, remote controlled toys and other household consumer and industrial devices.

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