InvenSense VP Unloads $308,008 in Stock (INVN)
InvenSense (NASDAQ:INVN) VP Daniel Goehl sold 12,345 shares of InvenSense stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $24.95, for a total transaction of $308,007.75. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on INVN. Analysts at Robert W. Baird raised their price target on shares of InvenSense from $22.00 to $28.00 in a research note on Monday, July 14th. Separately, analysts at Piper Jaffray set a $25.00 price target on shares of InvenSense in a research note on Friday, June 27th. Finally, 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. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $23.25.
Shares of InvenSense (NASDAQ:INVN) traded down 0.39% during mid-day trading on Thursday, hitting $25.51. The stock had a trading volume of 5,353,268 shares. InvenSense has a one year low of $15.20 and a one year high of $26.00. The stock has a 50-day moving average of $22.29 and a 200-day moving average of $21.01. The company has a market cap of $2.250 billion and a P/E ratio of 365.86.
InvenSense (NASDAQ:INVN) last announced its earnings results 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.
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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