InvenSense Inc (INVN) : Moisand Fitzgerald Tamayo has sold out all of its stake in InvenSense Inc during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 200 shares of InvenSense Inc which is valued at $1,332.
Other Hedge Funds, Including , California Public Employees Retirement System reduced its stake in INVN by selling 12,400 shares or 6.39% in the most recent quarter. The Hedge Fund company now holds 181,600 shares of INVN which is valued at $1,209,456. Lucus Advisors sold out all of its stake in INVN during the most recent quarter. The investment firm sold 63,784 shares of INVN which is valued $442,661. Artemis Investment Management Llp added INVN to its portfolio by purchasing 539,276 company shares during the most recent quarter which is valued at $3,742,575. InvenSense Inc makes up approx 0.10% of Artemis Investment Management Llp’s portfolio.Next Financial Group Inc reduced its stake in INVN by selling 1,400 shares or 14.66% in the most recent quarter. The Hedge Fund company now holds 8,150 shares of INVN which is valued at $50,286. InvenSense Inc makes up approx 0.02% of Next Financial Group Inc’s portfolio.
InvenSense Inc closed down -0.05 points or -0.74% at $6.71 with 8,23,151 shares getting traded on Monday. Post opening the session at $6.8, the shares hit an intraday low of $6.68 and an intraday high of $6.8714 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, InvenSense Inc reported $-0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.06. The company had revenue of $60.64 million for the quarter, compared to analysts expectations of $60.25 million. The company’s revenue was down -43.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.14 EPS.
Many Wall Street Analysts have commented on InvenSense Inc. InvenSense Inc was Upgraded by Northland Capital to ” Outperform” on Jul 29, 2016. Shares were Reiterated by Topeka Capital Markets on May 10, 2016 to “Buy” and Lowered the Price Target to $ 8 from a previous price target of $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.