InvenSense Inc. (NYSE:INVN) VP Mozafar Maghsoudnia sold 2,844 shares of InvenSense 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 completion of the transaction, the vice president now owns 59,084 shares of the company’s stock, valued at $456,719.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

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

InvenSense Inc. (NYSE:INVN) opened at 7.76 on Thursday. InvenSense Inc. has a 12-month low of $5.42 and a 12-month high of $12.77. The company’s market cap is $727.03 million. The firm has a 50 day moving average price of $7.46 and a 200 day moving average price of $7.12.

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

Several equities analysts have recently issued reports on the company. Roth Capital reiterated a “buy” rating and set a $10.00 price objective on shares of InvenSense in a research report on Wednesday, May 25th. Pacific Crest reiterated an “overweight” rating on shares of InvenSense in a research report on Sunday, August 28th. Northland Securities upgraded InvenSense from a “market perform” rating to an “outperform” rating and set a $10.00 price objective for the company in a research report on Friday, July 29th. Finally, KeyCorp reiterated a “hold” rating on shares of InvenSense in a research report on Wednesday, July 6th. One research 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 currently has an average rating of “Hold” and a consensus price target of $8.94.

A number of hedge funds have recently modified their holdings of the company. Thompson Investment Management Inc. boosted its stake 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 valued at $144,000 after buying an additional 1,300 shares in the last quarter. Legal & General Group Plc boosted its stake 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 valued at $122,000 after buying an additional 2,124 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of InvenSense by 3.8% in the second quarter. Nationwide Fund Advisors now owns 60,329 shares of the company’s stock valued at $370,000 after buying an additional 2,201 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of InvenSense by 2.5% in the second quarter. Rhumbline Advisers now owns 92,177 shares of the company’s stock valued at $565,000 after buying an additional 2,277 shares in the last quarter. Finally, Cowen Prime Services LLC boosted its stake in shares of InvenSense by 7.5% in the second quarter. Cowen Prime Services LLC now owns 32,800 shares of the company’s stock valued at $201,000 after buying an additional 2,300 shares in the last quarter. 40.10% of the stock is currently owned by hedge funds and other institutional investors.

InvenSense Company Profile

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.

5 Day Chart for NYSE:INVN

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