Analyst Rating Update on InvenSense (INVN)

InvenSense (NYSE:INVN) : Zacks Investment Research ranks InvenSense (NYSE:INVN) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2.64, which indicates as a Hold.

InvenSense (NYSE:INVN) : Currently there are 7 street experts covering InvenSense (NYSE:INVN) stock. The most bullish and bearish price target for the stock is $10 and $7 respectively for the short term. The average price target of all the analysts comes to $8.21. The estimated standard deviation from the target is $1.22.

Company shares have received an average consensus rating of Hold for the current week Also, Canaccord Genuity downgrades its view on InvenSense (NYSE:INVN) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on May 11, 2016.

InvenSense (NYSE:INVN): stock turned positive on Tuesday. Though the stock opened at $5.75, the bulls momentum made the stock top out at $5.87 level for the day. The stock recorded a low of $5.7 and closed the trading day at $5.8, in the green by 3.39%. The total traded volume for the day was 1,045,407. The stock had closed at $5.61 in the previous days trading.

In an insider trading activity, Goehl Daniel, officer (VPWorldwide Sales) of Invensense Inc, unloaded 3,362 shares at an average price of $5.59 on May 16, 2016. The total amount of the transaction was worth $18,794, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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