InvenSense Reaches New 12-Month High at $24.60 (INVN)
InvenSense (NASDAQ:INVN)’s share price hit a new 52-week high on Monday , Analyst Ratings Net reports. The stock traded as high as $24.60 and last traded at $23.95, with a volume of 4,287,561 shares trading hands. The stock had previously closed at $22.65.
Several analysts have recently commented on the stock. Analysts at Piper Jaffray set a $25.00 price target on shares of InvenSense in a research note on Friday, June 27th. Separately, analysts at Pacific Crest raised their price target on shares of InvenSense from $22.00 to $26.00 in a research note on Monday, June 23rd. They now have an “outperform” rating on the stock. Finally, 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. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $23.25.
The stock’s 50-day moving average is $20.42 and its 200-day moving average is $20.49. The company has a market cap of $2.115 billion and a P/E ratio of 323.57.
InvenSense (NASDAQ:INVN) last issued its quarterly 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. Analysts expect that InvenSense will post $0.71 EPS 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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