Analyst Price Target Update on InvenSense (NYSE:INVN)

InvenSense (NYSE:INVN): The mean short term price target for InvenSense (NYSE:INVN) has been established at $8.21 per share. The higher price target estimate is at $10 and the lower price target estimate is expected at $7 according to 7 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $1.22

Many analysts have stated their opinion on the company shares. Canaccord Genuity downgrades their rating on the shares of InvenSense (NYSE:INVN). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 11, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The officer (VPWorldwide Sales), of Invensense Inc, Goehl Daniel had unloaded 3,362 shares at $5.59 per share in a transaction on May 16, 2016. The total value of transaction was $18,794. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

InvenSense (NYSE:INVN) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.05 points or 0.81% at $6.09 with 1,210,203 shares getting traded. Post opening the session at $6.1, the shares hit an intraday low of $6.08 and an intraday high of $6.36 and the price was in this range throughout the day. The company has a market cap of $567 million and the number of outstanding shares have been calculated to be 93,088,000 shares. The 52-week high of InvenSense (NYSE:INVN) is $16.4 and the 52-week low is $5.42.

InvenSense, Inc. (InvenSense) is engaged in designing, developing, manufacturing and marketing devices and related software for sensor system-on-chip (SoC) for the motion and sound markets. The Company designs, develops, markets and sells sensor SoCs, including accelerometers, gyroscopes and microphones for the mobile, wearable, smart home, gaming, industrial and automotive market segments. The Companys motion solutions detect and track an objects motion in three-dimensional space. It assimilates information from gyroscopes, accelerometers, magnetometers, pressure sensors and microphones to determine how a host device is moving, its direction, its elevation and what it is hearing. The Companys sensor SoC devices consist of various fundamental components, such as its micro-electro-mechanical-systems (MEMS)-based motion sensors combined with its mixed-signal circuitry for signal processing; its MotionFusion technology, and the MotionApps platform.

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