InvenSense Price Target Raised to $30.00 at Robert W. Baird (INVN)
Stock analysts at Robert W. Baird raised their price target on shares of InvenSense (NASDAQ:INVN) from $28.00 to $30.00 in a report issued on Thursday. Robert W. Baird’s price objective points to a potential upside of 33.75% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Imperial Capital raised their price target on shares of InvenSense from $24.00 to $28.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $27.54.
In other InvenSense news, VP Daniel Goehl unloaded 12,345 shares of InvenSense stock on the open market in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $24.95, for a total value of $308,007.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
InvenSense (NASDAQ:INVN) traded down 2.52% 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’s 50-day moving average is $22.98 and its 200-day moving average is $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 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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