Brokerage Firm Rating Update on InvenSense (INVN)

InvenSense (INVN) : Zacks Investment Research ranks InvenSense (INVN) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2.27, which indicates as a Buy.

InvenSense (INVN) stock is expected to deviate a maximum of $1.25 from the average target price of $8.19 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $10 and the most muted being $7.


Company shares have received an average consensus rating of Hold for the current week Also, Roth Capital initiates coverage on InvenSense (NYSE:INVN). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Roth Capital announces a current price target of $9 per share. The rating by the firm was issued on September 1, 2016.

InvenSense (NYSE:INVN): stock was range-bound between the intraday low of $7.31 and the intraday high of $7.55 after having opened at $7.5 on Wednesdays session. The stock finally closed in the red at $7.5, a loss of -1.34%. The stock remained in the red for the whole trading day. The total traded volume was 770,446 shares. The stock failed to cross $7.55 in Wednesdays trading. The stocks closing price on Thursday was $7.49.

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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