InvenSense Inc (INVN) : Spark Investment Management reduced its stake in InvenSense Inc by 13.92% during the most recent quarter end. The investment management company now holds a total of 1,123,800 shares of InvenSense Inc which is valued at $8,597,070 after selling 181,800 shares in InvenSense Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.InvenSense Inc makes up approximately 0.74% of Spark Investment Management’s portfolio.
Other Hedge Funds, Including , Bogle Investment Management L P De added INVN to its portfolio by purchasing 10,900 company shares during the most recent quarter which is valued at $83,385. InvenSense Inc makes up approx 0.01% of Bogle Investment Management L P De’s portfolio.Vanguard Group Inc boosted its stake in INVN in the latest quarter, The investment management firm added 203,830 additional shares and now holds a total of 5,954,399 shares of InvenSense Inc which is valued at $45,551,152.Blackrock Institutional Trust Company N.a. boosted its stake in INVN in the latest quarter, The investment management firm added 42,622 additional shares and now holds a total of 2,000,798 shares of InvenSense Inc which is valued at $15,306,105. Jennison Associates added INVN to its portfolio by purchasing 123,364 company shares during the most recent quarter which is valued at $821,604.
InvenSense Inc opened for trading at $7.28 and hit $7.66 on the upside on Monday, eventually ending the session at $7.56, with a gain of 4.13% or 0.3 points. The heightened volatility saw the trading volume jump to 12,87,352 shares. Company has a market cap of $708 M.
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 Pacific Crest to ” Overweight” on Aug 12, 2016. InvenSense Inc was Upgraded by Northland Capital to ” Outperform” on Jul 29, 2016.
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.