Invensense Inc (INVN) Files Form 4 Insider Selling : Mozafar Maghsoudnia Sells 4,226 Shares

Invensense Inc (INVN): Mozafar Maghsoudnia , VP Technology & Worldwide Manu of Invensense Inc sold 4,226 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $5.60 per share for a total value of $22,959.67 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 17, 2016, Behrooz L. Abdi (CEO and President) sold 4,802 shares at $5.56 per share price.On May 17, 2016, Adam H Tachner (VP & General Counsel) sold 1,921 shares at $5.56 per share price.Also, On May 17, 2016, Mark P Dentinger (Chief Financial Officer) sold 3,841 shares at $5.55 per share price.On Feb 17, 2016, Mozafar Maghsoudnia (VP Technology & Worldwide Manu) sold 3,490 shares at $6.80 per share price.

InvenSense Inc: On Monday, May 16, 2016 heightened volatility was witnessed in InvenSense Inc which led to swings in the share price. The shares opened for trading at $5.43 and hit $5.77 on the upside , eventually ending the session at $5.65, with a gain of 2.36% or 0.13 points. The heightened volatility saw the trading volume jump to 16,64,759 shares. The 52-week high of the share price is $16.4 and the company has a market cap of $522 M . The 52-week low of the share price is at $5.42.

InvenSense Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.InvenSense Inc is Reiterated by Topeka Capital Markets to Buy while Lowering the Price Target of the company shares to $ 8 from a previous price target of $9 . The Rating was issued on May 10, 2016.InvenSense Inc is Initiated by Drexel Hamilton to Hold. The Rating was issued on Mar 2, 2016.

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 Company’s motion solutions detect and track an object’s 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 Company’s 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.

Leave a Reply

InvenSense Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on InvenSense Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.