InvenSense Inc. Hits New 52-Week High at $19.90 (INVN)
Shares of InvenSense (NASDAQ:INVN) hit a new 52-week high during trading hours on Monday, Stock Ratings Network.com reports. The company traded as high as $19.90 and last traded at $19.59, with a volume of 3,450,171 shares trading hands. The stock had previously closed at $18.63.
Several analysts have recently commented on the stock. Analysts at Needham & Company reiterated a “buy” rating on shares of InvenSense in a research note to investors on Monday, September 23rd. They now have a $20.00 price target on the stock. Finally, analysts at Maxim Group raised their price target on shares of InvenSense from $20.00 to $21.00 in a research note to investors on Thursday, September 12th. They now have a “buy” rating on the stock. Eleven research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of $20.36.
InvenSense has a 52-week low of $9.09 and a 52-week high of $19.36. The stock has a 50-day moving average of $17.73 and a 200-day moving average of $14.26. The company has a market cap of $1.694 billion and a P/E ratio of 30.05.
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.
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.