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Shares of InvenSense (NASDAQ:INVN) have received an average rating of “Buy” from the fifteen analysts that are currently covering the company, reports. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $27.47.

A number of analysts have recently weighed in on INVN shares. 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.

InvenSense (NASDAQ:INVN) opened at 25.32 on Thursday. InvenSense has a 1-year low of $15.20 and a 1-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 $2.250 billion.

InvenSense (NASDAQ:INVN) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. Analysts expect that InvenSense will post $0.77 EPS for the current fiscal year.

In other InvenSense news, CFO Alan Krock sold 1,666 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $24.70, for a total transaction of $41,150.20. The sale was disclosed in a filing with the SEC, which is available at this link.

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

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