InvenSense Inc (INVN) was Upgraded by Pacific Crest to ” Overweight”. Earlier the firm had a rating of “Sector Weight ” on the company shares. Pacific Crest advised their investors in a research report released on Aug 12, 2016.
Many Wall Street Analysts have commented on InvenSense Inc. InvenSense Inc was Upgraded by Northland Capital to ” Outperform” on Jul 29, 2016.
On the company’s financial health, InvenSense Inc reported $-0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.06. The company had revenue of $60.64 million for the quarter, compared to analysts expectations of $60.25 million. The company’s revenue was down -43.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.14 EPS.
InvenSense Inc closed down -0.05 points or -0.74% at $6.71 with 8,23,151 shares getting traded on Monday. Post opening the session at $6.8, the shares hit an intraday low of $6.68 and an intraday high of $6.8714 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on May 17, 2016, Daniel Goehl (VPWorldwide Sales) sold 3,362 shares at $5.59 per share price. According to the SEC, on May 17, 2016, Mozafar Maghsoudnia (VP Technology & Worldwide Manu) sold 4,226 shares at $5.60 per share price. On May 17, 2016, Behrooz L. Abdi (CEO and President) sold 4,802 shares at $5.56 per share price, according to the Form-4 filing with the securities and exchange commission.
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.