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Equities researchers at Evercore Partners boosted their target price on shares of InvenSense (NASDAQ:INVN) from $25.00 to $32.00 in a research report issued on Thursday. Evercore Partners’ price target points to a potential upside of 42.67% from the stock’s previous close.

In other InvenSense news, VP Daniel Goehl sold 12,345 shares of the company’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $24.95, for a total value of $308,007.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

InvenSense (NASDAQ:INVN) traded down 2.52% on Thursday, hitting $22.43. The stock had a trading volume of 3,973,380 shares. InvenSense has a 1-year low of $15.20 and a 1-year 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 issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 19.3% on a year-over-year basis. On average, analysts predict that InvenSense will post $0.76 earnings per share for the current fiscal year.

A number of other firms have also recently commented on INVN. 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. Separately, 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. Finally, analysts at Morgan Stanley upgraded shares of InvenSense to a “buy” rating in a research note on Wednesday. They now have a $29.00 price target on the stock. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. InvenSense has an average rating of “Buy” and an average target price of $27.54.

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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