Share on StockTwits

InvenSense (NASDAQ:INVN) Director Timothy M. Wilson sold 40,000 shares of InvenSense stock on the open market in a transaction dated Monday, June 16th. The stock was sold at an average price of $21.14, for a total transaction of $845,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of InvenSense (NASDAQ:INVN) traded up 1.80% during mid-day trading on Tuesday, hitting $22.09. 1,511,315 shares of the company’s stock traded hands. InvenSense has a one year low of $13.13 and a one year high of $24.34. The stock’s 50-day moving average is $19.41 and its 200-day moving average is $20.05. The company has a market cap of $1.948 billion and a P/E ratio of 310.00.

InvenSense (NASDAQ:INVN) last announced its earnings results 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.

Several analysts have recently commented on the stock. Analysts at Imperial Capital initiated coverage on shares of InvenSense in a research note on Tuesday, May 13th. They set an “outperform” rating and a $21.00 price target on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $22.73.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.