InvenSense CFO Sells $510,000 in Stock (INVN)
InvenSense (NASDAQ:INVN) CFO Alan Krock sold 25,000 shares of InvenSense stock on the open market in a transaction dated Friday, January 24th. The stock was sold at an average price of $20.40, for a total transaction of $510,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
INVN has been the subject of a number of recent research reports. Analysts at Maxim Group raised their price target on shares of InvenSense from $20.00 to $24.00 in a research note to investors on Thursday, January 2nd. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. InvenSense currently has an average rating of “Buy” and an average price target of $21.67.
InvenSense (NASDAQ:INVN) traded up 0.05% during mid-day trading on Monday, hitting $19.59. The stock had a trading volume of 3,486,378 shares. InvenSense has a one year low of $9.09 and a one year high of $21.82. The stock has a 50-day moving average of $18.92 and a 200-day moving average of $17.86. The company has a market cap of $1.713 billion and a P/E ratio of 31.63.
InvenSense (NASDAQ:INVN) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 28.2% on a year-over-year basis. On average, analysts predict that InvenSense will post $0.50 earnings per share for the current fiscal year.
InvenSense, Inc designs and fabricates micro-electro-mechanical systems (NASDAQ:INVN) technologies.
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