InvenSense Price Target Increased to $21.00 by Analysts at Maxim Group (INVN)
Stock analysts at Maxim Group raised their price objective on shares of InvenSense (NASDAQ:INVN) to $21.00 in a report issued on Thursday, ARN reports. Maxim Group’s price target suggests a potential upside of 16.15% from the company’s current price.
A number of other analysts have also recently weighed in on INVN. Analysts at Robert W. Baird upgraded shares of InvenSense (NASDAQ:INVN) from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, September 4th. They now have a $23.00 price target on the stock, up previously from $16.00. Separately, analysts at Needham & Company initiated coverage on shares of InvenSense (NASDAQ:INVN) in a research note to investors on Thursday, August 22nd. They set a “buy” rating and a $20.00 price target on the stock. Finally, analysts at Piper Jaffray Cos. cut their price target on shares of InvenSense (NASDAQ:INVN) from $27.00 to $25.00 in a research note to investors on Thursday, August 1st.
Ten research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of $20.36.
InvenSense (NASDAQ:INVN) opened at 18.08 on Thursday. InvenSense has a 52-week low of $9.09 and a 52-week high of $18.76. The stock has a 50-day moving average of $17.09 and a 200-day moving average of $13.51. The company has a market cap of $1.561 billion and a P/E ratio of 29.16. InvenSense also was the target of unusually large options trading on Monday. Traders purchased 6,993 put options on the company. This is an increase of approximately 729% compared to the typical daily volume of 844 put options.
InvenSense (NASDAQ:INVN) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.01. The company had revenue of $55.90 million for the quarter, compared to the consensus estimate of $54.43 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 42.6% on a year-over-year basis. On average, analysts predict that InvenSense will post $0.70 earnings per share for the current fiscal year.
InvenSense, Inc designs and fabricates micro-electro-mechanical systems (NASDAQ:INVN) technologies.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.