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Imperial Capital initiated coverage on shares of InvenSense (NASDAQ:INVN) in a research note issued on Tuesday, Analyst Ratings Network reports. The firm set an “outperform” rating on the stock.

In other InvenSense news, VP Stephen Lloyd unloaded 10,000 shares of InvenSense stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $18.79, for a total transaction of $187,900.00. Following the transaction, the vice president now directly owns 37,000 shares of the company’s stock, valued at approximately $695,230. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Several other analysts have also recently commented on the stock. Analysts at Topeka Capital Markets cut their price target on shares of InvenSense from $25.00 to $22.00 in a research note on Friday, May 2nd. Separately, analysts at Pacific Crest cut their price target on shares of InvenSense from $27.00 to $22.00 in a research note on Friday, May 2nd. Finally, analysts at Needham & Company LLC upgraded shares of InvenSense from a “hold” rating to a “buy” rating in a research note on Friday, May 2nd. They now have a $22.00 price target on the stock. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. InvenSense currently has a consensus rating of “Buy” and an average target price of $22.90.

Shares of InvenSense (NASDAQ:INVN) traded down 2.34% on Tuesday, hitting $18.33. The stock had a trading volume of 1,443,480 shares. InvenSense has a 52 week low of $12.05 and a 52 week high of $24.34. The stock has a 50-day moving average of $21.23 and a 200-day moving average of $19.63. The company has a market cap of $1.619 billion and a P/E ratio of 268.14.

InvenSense (NASDAQ:INVN) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.07 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.10 by $0.03. The company had revenue of $59.00 million for the quarter, compared to the consensus estimate of $57.42 million. During the same quarter last year, the company posted $0.15 earnings per share. InvenSense’s revenue was up 6.9% 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 (NASDAQ:INVN) is engaged in devices for the motion interface market that detect and track an object’s motion in three-dimensional space.

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