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Equities research analysts at Pacific Crest hoisted their price target on shares of InvenSense (NASDAQ:INVN) from $22.00 to $26.00 in a research note issued to investors on Monday. The firm currently has an “outperform” rating on the stock. Pacific Crest’s price target would suggest a potential upside of 19.82% from the company’s current price.

InvenSense (NASDAQ:INVN) traded up 2.30% on Monday, hitting $22.20. 2,634,944 shares of the company’s stock traded hands. InvenSense has a 52-week low of $13.13 and a 52-week high of $24.34. The stock’s 50-day moving average is $19.50 and its 200-day moving average is $20.14. The company has a market cap of $1.958 billion and a P/E ratio of 310.00.

InvenSense (NASDAQ:INVN) last released its earnings data on Thursday, May 1st. The company reported $0.07 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts predict that InvenSense will post $0.71 earnings per share for the current fiscal year.

In other InvenSense news, Director Timothy M. Wilson sold 40,000 shares of the stock on the open market in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $21.14, for a total value of $845,600.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Several other analysts have also 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 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 equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $23.09.

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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