The stock of InvenSense Inc (NYSE:INVN) is a huge mover today! About 1.33M shares traded hands or 5.56% up from the average. InvenSense Inc (NYSE:INVN) has declined 9.64% since February 26, 2016 and is downtrending. It has underperformed by 20.07% the S&P500.
The move comes after 6 months positive chart setup for the $680.83M company. It was reported on Oct, 1 by Barchart.com. We have $10.63 PT which if reached, will make NYSE:INVN worth $279.14 million more.
Analysts await InvenSense Inc (NYSE:INVN) to report earnings on October, 26. They expect $-0.05 EPS, down 155.56% or $0.14 from last year’s $0.09 per share. After $-0.15 actual EPS reported by InvenSense Inc for the previous quarter, Wall Street now forecasts -66.67% EPS growth.
InvenSense Inc (NYSE:INVN) Ratings Coverage
Out of 10 analysts covering InvenSense (NYSE:INVN), 5 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 50% are positive. InvenSense has been the topic of 17 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Benchmark given on Wednesday, January 13. The company was maintained on Wednesday, August 5 by Ascendiant Capital Markets. The stock of InvenSense Inc (NYSE:INVN) earned “Buy” rating by Topeka Capital Markets on Thursday, October 29. Canaccord Genuity maintained the shares of INVN in a report on Wednesday, August 5 with “Buy” rating. As per Wednesday, May 11, the company rating was downgraded by Canaccord Genuity. Rosenblatt initiated the stock with “Buy” rating in Tuesday, October 13 report. The company was upgraded on Friday, July 29 by Northland Capital. The rating was maintained by Northland Capital on Thursday, October 29 with “Market Perform”. The company was maintained on Tuesday, May 10 by Topeka Capital Markets. The stock of InvenSense Inc (NYSE:INVN) earned “Mkt Perform” rating by Barrington Research on Thursday, January 28.
According to Zacks Investment Research, “InvenSense Inc. provides motion processing solutions that enable a motion-based user interface for consumer electronics. Its solutions are comprised of an integrated circuit that incorporates motion sensors, such as gyroscopes, with associated software. The Company offers devices for applications in console and portable video gaming devices, handset and tablet devices, digital still and video cameras, digital television and set-top box remote controls, 3D mice and portable navigation devices. Its technology is comprised of four proprietary components: its patented Nasiri-Fabrication process, advanced MEMS gyroscope design, mixed-signal circuitry that provides sensor signal processing and enables SensorFusion technology critical to its MotionProcessing platform, and MotionProcessing library and MotionApplication software solutions. InvenSense Inc. is headquartered in Sunnyvale, California.”
Insitutional Activity: The institutional sentiment increased to 1.11 in 2016 Q2. Its up 0.29, from 0.82 in 2016Q1. The ratio improved, as 23 funds sold all InvenSense Inc shares owned while 39 reduced positions. 19 funds bought stakes while 50 increased positions. They now own 36.23 million shares or 6.35% less from 38.69 million shares in 2016Q1.
Citigroup last reported 15,745 shares in the company. Moreover, Walleye Trading Llc has 0% invested in InvenSense Inc (NYSE:INVN) for 75,992 shares. Shelton Cap Mngmt last reported 0.03% of its portfolio in the stock. Gmt Capital Corp accumulated 0.02% or 104,000 shares. Pacad Inv Limited holds 21,179 shares or 0.02% of its portfolio. The California-based Schwab Charles Mgmt has invested 0% in InvenSense Inc (NYSE:INVN). Timber Hill Lc has invested 0% of its portfolio in InvenSense Inc (NYSE:INVN). Td Asset has 16,100 shares for 0% of their US portfolio. Exane Derivatives reported 5,484 shares or 0% of all its holdings. Invesco Limited has invested 0% of its portfolio in InvenSense Inc (NYSE:INVN). Susquehanna International Grp Llp holds 1.57M shares or 0.01% of its portfolio. Moreover, Firsthand Inc has 5.72% invested in InvenSense Inc (NYSE:INVN) for 850,000 shares. Teacher Retirement Systems Of Texas last reported 0% of its portfolio in the stock. American Int Grp accumulated 0% or 47,075 shares. Legal And General Grp Inc Public Limited Company has 14,737 shares for 0% of their US portfolio.
More recent InvenSense Inc (NYSE:INVN) news were published by: Fool.com which released: “2 Potentially Huge Markets for InvenSense Inc” on September 17, 2016. Also Fool.com published the news titled: “Forget InvenSense Inc: These 2 Stocks are Better Buys” on September 02, 2016. Prnewswire.com‘s news article titled: “Frost & Sullivan Commends InvenSense’s Powerful Combination of Insight and …” with publication date: September 20, 2016 was also an interesting one.
INVN Company Profile
InvenSense, Inc. (InvenSense), incorporated on August 5, 2004, is engaged in designing, developing, marketing and selling of sensor system-on-chip (SoC), including accelerometers, gyroscopes and microphones for the mobile, wearable, smart home, gaming, industrial and automotive market divisions. The Firm delivers solutions based on its motion and sound technology; focused on solutions, such as smartphones, tablets, wearables, console and portable video gaming devices, digital television and set-top box remote controls, fitness accessories, sports equipment, digital still cameras, automobiles, ultra-books, laptops, hearing aids, stabilization systems, tools, navigation devices, remote controlled toys and other household consumer and industrial devices.
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