Share on StockTwits

InvenSense (NASDAQ:INVN) CFO Alan Krock sold 1,666 shares of the stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $24.70, for a total transaction of $41,150.20. Following the transaction, the chief financial officer now directly owns 5,424 shares in the company, valued at approximately $133,973. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

INVN has been the subject of a number of recent research reports. Analysts at Goldman Sachs downgraded shares of InvenSense from a “buy” rating to a “neutral” rating in a research note on Monday. They now have a $25.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Canaccord Genuity initiated coverage on shares of InvenSense in a research note on Friday, August 8th. They set a “buy” rating and a $29.00 price target on the stock. Finally, analysts at Needham & Company LLC raised their price target on shares of InvenSense from $22.00 to $28.00 in a research note on Thursday, July 31st. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $27.47.

Shares of InvenSense (NASDAQ:INVN) traded up 1.01% during mid-day trading on Thursday, hitting $25.575. 832,224 shares of the company’s stock traded hands. InvenSense has a one year low of $15.20 and a one year high of $26.78. The stock’s 50-day moving average is $23.91 and its 200-day moving average is $21.59. The company’s market cap is $2.273 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. Analysts expect that InvenSense will post $0.77 EPS for the current fiscal year.

InvenSense, Inc (NASDAQ:INVN) is a provider of intelligent motion processing solutions.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.