UBS Asset Management Americas Inc. Acquires 18,466 Shares of InvenSense Inc (INVN)
UBS Asset Management Americas Inc. raised its position in InvenSense Inc (NYSE:INVN) by 114.0% during the first quarter, Holdings Channel reports. The firm owned 34,665 shares of the semiconductor company’s stock after buying an additional 18,466 shares during the period. UBS Asset Management Americas Inc.’s holdings in InvenSense were worth $438,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Guggenheim Capital LLC acquired a new stake in shares of InvenSense during the fourth quarter worth $685,000. Metropolitan Life Insurance Co. NY boosted its stake in shares of InvenSense by 16.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 57,255 shares of the semiconductor company’s stock worth $732,000 after buying an additional 8,183 shares during the period. Commerzbank Aktiengesellschaft FI boosted 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 period. Capital Fund Management S.A. acquired a new stake in shares of InvenSense during the first quarter worth $1,829,000. Finally, Teachers Advisors LLC boosted its stake in shares of InvenSense by 3.0% in the fourth quarter. Teachers Advisors LLC now owns 149,023 shares of the semiconductor company’s stock worth $1,906,000 after buying an additional 4,383 shares during the period. Institutional investors and hedge funds own 46.50% of the company’s stock.
InvenSense Inc (NYSE:INVN) opened at 12.99 on Wednesday. The stock has a 50 day moving average of $12.99 and a 200 day moving average of $12.70. InvenSense Inc has a 52 week low of $6.30 and a 52 week high of $13.00.
Separately, Canaccord Genuity restated a “hold” rating and issued a $13.00 price objective on shares of InvenSense in a report on Thursday, May 18th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $11.14.
In other news, VP Daniel Goehl sold 8,020 shares of InvenSense stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $12.98, for a total value of $104,099.60. Following the transaction, the vice president now owns 33,307 shares of the company’s stock, valued at approximately $432,324.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Mark P. Dentinger sold 11,308 shares of InvenSense stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $12.98, for a total transaction of $146,777.84. The disclosure for this sale can be found here. Insiders have sold a total of 24,029 shares of company stock worth $311,896 in the last three months. Insiders own 14.20% of the company’s stock.
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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