InvenSense PT Raised to $24.00 at Maxim Group (INVN)
Research analysts at Maxim Group lifted their price objective on shares of InvenSense (NASDAQ:INVN) from $20.00 to $24.00 in a report released on Thursday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Maxim Group’s target price suggests a potential upside of 15.50% from the company’s current price.
InvenSense (NASDAQ:INVN) opened at 20.40 on Thursday. InvenSense has a 52-week low of $9.09 and a 52-week high of $21.82. The stock has a 50-day moving average of $17.23 and a 200-day moving average of $17.1. The company has a market cap of $1.784 billion and a P/E ratio of 33.57. InvenSense also was the target of some unusual options trading activity on Monday. Traders acquired 14,570 call options on the company. This is an increase of approximately 391% compared to the average volume of 2,966 call options.
InvenSense (NASDAQ:INVN) last announced its earnings results on Tuesday, October 29th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. The company had revenue of $70.90 million for the quarter, compared to the consensus estimate of $69.24 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 28.2% on a year-over-year basis.
Several other analysts have also recently commented on the stock. Analysts at Piper Jaffray reiterated an “overweight” rating on shares of InvenSense in a research note to investors on Monday, November 11th. They now have a $25.00 price target on the stock. Separately, analysts at Topeka Capital Markets raised their price target on shares of InvenSense from $20.00 to $22.00 in a research note to investors on Wednesday, October 30th. They now have a “buy” rating on the stock. Finally, analysts at Oppenheimer cut their price target on shares of InvenSense from $24.00 to $21.00 in a research note to investors on Wednesday, October 30th. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $21.00.
InvenSense, Inc designs and fabricates micro-electro-mechanical systems (NASDAQ:INVN) technologies.
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