Daniel Goehl Sells 3,750 Shares of InvenSense Inc. (INVN) Stock
InvenSense Inc. (NYSE:INVN) VP Daniel Goehl sold 3,750 shares of the stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $7.88, for a total transaction of $29,550.00. Following the completion of the transaction, the vice president now directly owns 24,138 shares of the company’s stock, valued at approximately $190,207.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of InvenSense Inc. (NYSE:INVN) opened at 8.15 on Tuesday. The firm’s market capitalization is $765.87 million. The firm has a 50-day moving average of $7.47 and a 200-day moving average of $6.92. InvenSense Inc. has a 12-month low of $5.42 and a 12-month high of $12.23.
InvenSense (NYSE:INVN) last announced its earnings results on Thursday, November 3rd. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.01. InvenSense had a negative net margin of 15.81% and a negative return on equity of 5.35%. The company had revenue of $79.80 million for the quarter, compared to the consensus estimate of $79.67 million. During the same quarter in the previous year, the firm earned $0.16 earnings per share. The company’s revenue for the quarter was down 29.1% compared to the same quarter last year. Equities analysts anticipate that InvenSense Inc. will post ($0.03) earnings per share for the current year.
Several equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of InvenSense from a “hold” rating to a “sell” rating in a research note on Wednesday, November 9th. Benchmark Co. set a $8.00 price target on shares of InvenSense and gave the company a “hold” rating in a research report on Sunday, November 6th. Pacific Crest restated a “buy” rating and issued a $9.00 price target on shares of InvenSense in a research report on Friday, November 4th. Roth Capital initiated coverage on shares of InvenSense in a research report on Wednesday, August 31st. They issued a “buy” rating and a $9.00 price target for the company. Finally, Northland Securities upgraded shares of InvenSense from a “market perform” rating to an “outperform” rating and set a $10.00 price target for the company in a research report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $8.30.
Several large investors have recently made changes to their positions in the company. SECOR Capital Advisors LP acquired a new stake in shares of InvenSense during the third quarter worth $104,000. Highbridge Capital Management LLC acquired a new stake in shares of InvenSense during the third quarter worth $109,000. Penserra Capital Management LLC raised its stake in shares of InvenSense by 141.9% in the third quarter. Penserra Capital Management LLC now owns 16,045 shares of the company’s stock worth $119,000 after buying an additional 9,411 shares during the last quarter. BlackRock Inc. raised its stake 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. Finally, Thompson Investment Management Inc. raised 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 worth $144,000 after buying an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 43.59% 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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