Analyst Rating Update on InvenSense (INVN)

InvenSense (INVN) : Zacks Investment Research ranks InvenSense (INVN) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 2.6, which indicates as a Hold.

InvenSense (INVN) : The highest short term price target forecast on InvenSense (INVN) is $10 and the lowest target price is $7. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $7.92 with a standard deviation of $1.36.

Company shares have received an average consensus rating of Hold for the current week


InvenSense (NYSE:INVN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.38 and $6.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.66, notching a gain of 3.90% for the day. The total traded volume was 1,294,405 . The stock had closed at $6.41 on the previous day.

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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