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Analysts at Needham & Company LLC lifted their price objective on shares of InvenSense (NASDAQ:INVN) from $22.00 to $28.00 in a research report issued to clients and investors on Thursday. Needham & Company LLC’s target price points to a potential upside of 24.83% from the company’s current price.

In other InvenSense news, VP Daniel Goehl sold 12,345 shares of InvenSense stock in a transaction that occurred on Tuesday, July 22nd. The stock was 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 Securities & Exchange Commission, which can be accessed through this link.

Other equities research analysts have also recently issued reports about the stock. Analysts at Evercore Partners raised their price target on shares of InvenSense from $25.00 to $32.00 in a research note on Thursday. Separately, analysts at Robert W. Baird raised their price target on shares of InvenSense from $28.00 to $30.00 in a research note on Thursday. Finally, analysts at Topeka Capital Markets reiterated a “buy” rating on shares of InvenSense in a research note on Wednesday. They now have a $27.00 price target on the stock, up previously from $22.00. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $27.54.

InvenSense (NASDAQ:INVN) traded down 2.52% during mid-day trading on Thursday, hitting $22.43. 3,973,380 shares of the company’s stock traded hands. InvenSense has a 52 week low of $15.20 and a 52 week high of $26.78. The stock has a 50-day moving average of $22.98 and a 200-day moving average of $21.18. The company’s market cap is $1.991 billion.

InvenSense (NASDAQ:INVN) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.08. The company had revenue of $66.70 million for the quarter, compared to the consensus estimate of $64.57 million. During the same quarter last year, the company posted $0.14 earnings per share. InvenSense’s revenue was up 19.3% compared to the same quarter last year. On average, analysts predict that InvenSense will post $0.76 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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