InvenSense Given “Buy” Rating at Needham & Company (INVN)
InvenSense (NASDAQ:INVN)‘s stock had its “buy” rating reiterated by equities researchers at Needham & Company in a research report issued on Tuesday, AnalystRatings.NET reports. They currently have a $20.00 price objective on the stock. Needham & Company’s price objective would suggest a potential downside of 1.14% from the stock’s previous close.
INVN has been the subject of a number of other recent research reports. Analysts at Oppenheimer raised their price target on shares of InvenSense from $19.00 to $24.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Maxim Group raised their price target on shares of InvenSense from $18.00 to $23.00 in a research note to investors on Tuesday. They now have a “buy” rating 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 a consensus rating of “Buy” and a consensus target price of $21.00.
InvenSense (NASDAQ:INVN) traded up 0.65% on Tuesday, hitting $20.23. The stock had a trading volume of 2,098,395 shares. InvenSense has a 1-year low of $9.09 and a 1-year high of $20.56. The stock has a 50-day moving average of $18.22 and a 200-day moving average of $14.70. The company has a market cap of $1.747 billion and a price-to-earnings ratio of 32.42.
InvenSense (NASDAQ:INVN) last posted its quarterly 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. On average, analysts predict that InvenSense will post $0.71 earnings per share for the current fiscal year.
InvenSense, Inc designs and fabricates micro-electro-mechanical systems (NASDAQ:INVN) technologies.
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