Yiheng Capital buys $5.8 Million stake in InvenSense Inc (INVN)

InvenSense Inc (INVN) : Yiheng Capital scooped up 255,992 additional shares in InvenSense Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,055,404 shares of InvenSense Inc which is valued at $5.8 Million.InvenSense Inc makes up approximately 3.92% of Yiheng Capital’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in INVN in the latest quarter, The investment management firm added 69,989 additional shares and now holds a total of 81,189 shares of InvenSense Inc which is valued at $448,163. Sg Americas Securities added INVN to its portfolio by purchasing 17,796 company shares during the most recent quarter which is valued at $98,234.Blackrock Advisors reduced its stake in INVN by selling 6,864 shares or 15.8% in the most recent quarter. The Hedge Fund company now holds 36,572 shares of INVN which is valued at $201,877.Teachers Advisors Inc reduced its stake in INVN by selling 583,800 shares or 83.48% in the most recent quarter. The Hedge Fund company now holds 115,515 shares of INVN which is valued at $855,966.

InvenSense Inc (INVN) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $6.05 and reached the intraday high at $6.12. The bulls started the profit booking and pushed the shares to intraday low of $5.87. The trading session was marked by a volume range of 14,63,156 shares exchanging hands. The 52-week high of the shares is $16.4 and the 52-week low is $5.42. The market cap of the company stands at $558 M and there are 9,24,13,000 shares in public circulation.

On the company’s financial health, InvenSense Inc reported $0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 9, 2016. Analyst had a consensus of $0.01. The company had revenue of $79.53 million for the quarter, compared to analysts expectations of $80.17 million. The company’s revenue was down -19.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.12 EPS.

Many Wall Street Analysts have commented on InvenSense Inc. Shares were Reiterated by Topeka Capital Markets on May 10, 2016 to “Buy” and Lowered the Price Target to $ 8 from a previous price target of $9 .InvenSense Inc was Initiated by Drexel Hamilton to “Hold” 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.

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