InvenSense Inc. (NYSE:INVN) VP Mozafar Maghsoudnia sold 2,844 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $7.73, for a total value of $21,984.12. Following the sale, the vice president now directly owns 59,084 shares of the company’s stock, valued at $456,719.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Mozafar Maghsoudnia also recently made the following trade(s):

  • On Tuesday, August 16th, Mozafar Maghsoudnia sold 1,801 shares of InvenSense stock. The shares were sold at an average price of $8.39, for a total value of $15,110.39.

Shares of InvenSense Inc. (NYSE:INVN) opened at 7.76 on Thursday. InvenSense Inc. has a one year low of $5.42 and a one year high of $12.77. The firm’s 50-day moving average price is $7.46 and its 200-day moving average price is $7.12. The firm’s market cap is $727.03 million.

InvenSense (NYSE:INVN) last issued its earnings results on Thursday, July 28th. The company reported ($0.05) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.01. InvenSense had a negative return on equity of 1.07% and a negative net margin of 9.54%. The company earned $60.64 million during the quarter, compared to the consensus estimate of $60.26 million. During the same period in the previous year, the firm posted $0.14 earnings per share. InvenSense’s quarterly revenue was down 43.0% compared to the same quarter last year. Equities research analysts expect that InvenSense Inc. will post $0.11 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Legal & General Group Plc increased its position in shares of InvenSense by 16.8% in the first quarter. Legal & General Group Plc now owns 14,737 shares of the company’s stock worth $122,000 after buying an additional 2,124 shares during the last quarter. BlackRock Inc. increased its position in shares of InvenSense by 268.2% in the second quarter. BlackRock Inc. now owns 21,125 shares of the company’s stock worth $130,000 after buying an additional 15,387 shares during the last quarter. Thompson Investment Management Inc. increased its position in shares of InvenSense by 5.9% in the second quarter. Thompson Investment Management Inc. now owns 23,475 shares of the company’s stock worth $144,000 after buying an additional 1,300 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new position in shares of InvenSense during the second quarter worth approximately $167,000. Finally, Royal Bank of Canada increased its position in shares of InvenSense by 232.6% in the first quarter. Royal Bank of Canada now owns 22,332 shares of the company’s stock worth $187,000 after buying an additional 39,175 shares during the last quarter. Institutional investors own 40.10% of the company’s stock.

Several analysts have commented on the company. Roth Capital reaffirmed a “buy” rating and set a $10.00 price objective on shares of InvenSense in a research note on Wednesday, May 25th. Pacific Crest raised InvenSense from a “sector weight” rating to an “overweight” rating and increased their target price for the stock from $6.80 to $9.00 in a research note on Friday, August 12th. Northland Securities raised InvenSense from a “market perform” rating to an “outperform” rating and set a $10.00 target price for the company in a research note on Friday, July 29th. Finally, KeyCorp reissued a “hold” rating on shares of InvenSense in a research note on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $8.94.

About InvenSense

InvenSense, Inc (InvenSense) 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 segments. The Company 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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