InvenSense PT Raised to $23.00 (INVN)
Research analysts at Maxim Group upped their price target on shares of InvenSense (NASDAQ:INVN) to $23.00 in a report released on Tuesday, Analyst Ratings Network reports. Maxim Group’s price objective would indicate a potential upside of 14.43% from the stock’s previous close.
InvenSense (NASDAQ:INVN) opened at 20.10 on Tuesday. 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 $1.735 billion and a price-to-earnings ratio of 32.42.
InvenSense (NASDAQ:INVN) last announced its 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 prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 42.6% on a year-over-year basis. On average, analysts predict that InvenSense will post $0.71 earnings per share for the current fiscal year.
A number of other firms have also recently commented on INVN. 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 Robert W. Baird upgraded shares of InvenSense 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. Ten research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus price target of $20.55.
InvenSense, Inc designs and fabricates micro-electro-mechanical systems (NASDAQ:INVN) technologies.
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