InvenSense Inc. Sets New 1-Year High at $19.36 (INVN)
InvenSense (NASDAQ:INVN) set a new 52-week high during trading hours on Friday, AnalystRatingsNetwork reports. The company traded as high as $19.36 and last traded at $19.04, with a volume of 2,215,357 shares. The stock had previously closed at $18.75.
Several analysts have recently commented on the stock. Analysts at Needham & Company reiterated a “buy” rating on shares of InvenSense (NASDAQ:INVN) in a research note to investors on Thursday. They now have a $20.00 price target on the stock. Separately, analysts at Maxim Group raised their price target on shares of InvenSense (NASDAQ:INVN) from $20.00 to $21.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, 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.
Eleven analysts have rated the stock with a buy rating, InvenSense presently has a consensus rating of “Buy” and an average price target of $20.36.
InvenSense has a 1-year low of $9.09 and a 1-year high of $18.87. The stock’s 50-day moving average is $17.1 and its 200-day moving average is $13.55. The company has a market cap of $1.605 billion and a price-to-earnings ratio of 30.24.
InvenSense (NASDAQ:INVN) last announced its earnings results on Tuesday, July 30th. The company reported $0.14 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.09 earnings per share. InvenSense’s revenue was up 42.6% compared to the same quarter last year. Analysts expect that InvenSense will post $0.71 EPS for the current fiscal year.
InvenSense, Inc designs and fabricates micro-electro-mechanical systems (NASDAQ:INVN) technologies.
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