InvenSense (INVN) : Analyst Rating Update

InvenSense (INVN) : The consensus on InvenSense (INVN) based on 11 analyst recommendation on the company stock is 2.64, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

InvenSense (INVN) : The consensus price target for InvenSense (INVN) is $8.21 for the short term with a standard deviation of $1.22. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $10, however, the pessimist price target for the company is $7.

InvenSense (NYSE:INVN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.74 and $5.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.81, notching a gain of 0.69% for the day. The total traded volume was 978,125 . The stock had closed at $5.77 on the previous day.

Also, Equity Analysts at the Canaccord Genuity downgrades the rating on InvenSense (NYSE:INVN). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on May 11, 2016. The company shares have dropped -56.65% from its 1 Year high price. On Aug 3, 2015, the shares registered one year high at $13.94 and the one year low was seen on May 16, 2016. The 50-Day Moving Average price is $6.12 and the 200 Day Moving Average price is recorded at $7.58.

InvenSense, Inc. (InvenSense) is engaged in designing, developing, manufacturing and marketing devices and related software for sensor system-on-chip (SoC) for the motion and sound markets. The Company designs, develops, markets and sells sensor SoCs, including accelerometers, gyroscopes and microphones for the mobile, wearable, smart home, gaming, industrial and automotive market segments. The Companys motion solutions detect and track an objects motion in three-dimensional space. It assimilates information from gyroscopes, accelerometers, magnetometers, pressure sensors and microphones to determine how a host device is moving, its direction, its elevation and what it is hearing. The Companys sensor SoC devices consist of various fundamental components, such as its micro-electro-mechanical-systems (MEMS)-based motion sensors combined with its mixed-signal circuitry for signal processing; its MotionFusion technology, and the MotionApps platform.

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