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InvenSense (NASDAQ:INVN) VP Stephen Lloyd sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $22.37, for a total transaction of $111,850.00. Following the completion of the transaction, the vice president now directly owns 47,327 shares in the company, valued at approximately $1,058,705. The transaction was disclosed in a legal filing 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 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 analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $23.25.

InvenSense (NASDAQ:INVN) traded up 4.94% during mid-day trading on Wednesday, hitting $23.59. The stock had a trading volume of 3,659,171 shares. InvenSense has a one year low of $15.00 and a one year high of $24.60. The stock’s 50-day moving average is $20.98 and its 200-day moving average is $20.69. The company has a market cap of $2.080 billion and a P/E ratio of 321.14. InvenSense also saw some unusual options trading activity on Monday. Traders acquired 10,701 call options on the stock. This represents an increase of approximately 398% compared to the typical volume of 2,149 call options.

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.

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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