InvenSense Inc (NYSE:INVN) Position Boosted by Wellington Management Group LLP
Wellington Management Group LLP increased its position in shares of InvenSense Inc (NYSE:INVN) by 184.9% during the first quarter, Holdings Channel reports. The firm owned 240,756 shares of the semiconductor company’s stock after buying an additional 156,265 shares during the period. Wellington Management Group LLP owned approximately 0.25% of InvenSense worth $3,041,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in INVN. Gamco Investors INC. ET AL raised its position in InvenSense by 25.0% in the first quarter. Gamco Investors INC. ET AL now owns 159,202 shares of the semiconductor company’s stock worth $2,011,000 after buying an additional 31,802 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of InvenSense by 114.0% in the first quarter. UBS Asset Management Americas Inc. now owns 34,665 shares of the semiconductor company’s stock worth $438,000 after buying an additional 18,466 shares during the last quarter. Capital Fund Management S.A. acquired a new stake in shares of InvenSense during the first quarter worth approximately $1,829,000. IndexIQ Advisors LLC acquired a new stake in shares of InvenSense during the first quarter worth approximately $3,004,000. Finally, Commerzbank Aktiengesellschaft FI raised its stake in shares of InvenSense by 18.9% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 71,751 shares of the semiconductor company’s stock worth $906,000 after buying an additional 11,396 shares during the last quarter. Institutional investors and hedge funds own 46.50% of the company’s stock.
Shares of InvenSense Inc (NYSE INVN) opened at 12.99 on Friday. The stock’s 50 day moving average price is $12.99 and its 200-day moving average price is $12.59. InvenSense Inc has a 1-year low of $5.50 and a 1-year high of $13.00.
Separately, Canaccord Genuity restated a “hold” rating and set a $13.00 price objective on shares of InvenSense in a research report on Thursday, May 18th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. InvenSense presently has a consensus rating of “Hold” and a consensus price target of $11.14.
In other news, VP Daniel Goehl sold 8,020 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $12.98, for a total transaction of $104,099.60. Following the completion of the transaction, the vice president now directly owns 33,307 shares of the company’s stock, valued at $432,324.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Behrooz L. Abdi sold 4,701 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $12.98, for a total value of $61,018.98. Following the transaction, the chief executive officer now directly owns 250,315 shares of the company’s stock, valued at $3,249,088.70. The disclosure for this sale can be found here. Insiders have sold 24,029 shares of company stock valued at $311,896 over the last ninety days. 14.20% of the stock is owned by insiders.
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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