InvenSense Inc (INVN) : Firsthand Capital Management reduced its stake in InvenSense Inc by 23.53% during the most recent quarter end. The investment management company now holds a total of 650,000 shares of InvenSense Inc which is valued at $5,018,000 after selling 200,000 shares in InvenSense Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.InvenSense Inc makes up approximately 5.19% of Firsthand Capital Management’s portfolio.
Other Hedge Funds, Including , Fmr boosted its stake in INVN in the latest quarter, The investment management firm added 1,381,645 additional shares and now holds a total of 2,995,745 shares of InvenSense Inc which is valued at $23,127,151.Blackrock Group Ltd boosted its stake in INVN in the latest quarter, The investment management firm added 1,260 additional shares and now holds a total of 34,147 shares of InvenSense Inc which is valued at $256,444. Quantbot Technologies Lp added INVN to its portfolio by purchasing 565 company shares during the most recent quarter which is valued at $4,294. Gemmer Asset Management sold out all of its stake in INVN during the most recent quarter. The investment firm sold 250 shares of INVN which is valued $1,803.
InvenSense Inc opened for trading at $7.96 and hit $8.16 on the upside on Monday, eventually ending the session at $8.15, with a gain of 2.00% or 0.16 points. The heightened volatility saw the trading volume jump to 23,37,945 shares. Company has a market cap of $766 M.
On the company’s financial health, InvenSense Inc reported $0.02 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Nov 3, 2016. Analyst had a consensus of $0.03. The company had revenue of $79.80 million for the quarter, compared to analysts expectations of $79.67 million. The company’s revenue was down -29.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.16 EPS.
Many Wall Street Analysts have commented on InvenSense Inc. ROTH Capital Resumed InvenSense Inc on Sep 1, 2016 to “Buy”, Price Target of the shares are set at $9.
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 Company’s motion solutions detect and track an object’s 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 Company’s 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.