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) : The highest short term price target forecast on InvenSense (INVN) is $10 and the lowest target price is $7. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $8.19 with a standard deviation of $1.25.
Also, Roth Capital initiates coverage on InvenSense (NYSE:INVN). Roth Capital has a Buy rating on the shares. As per the latest report, the brokerage house announces the price target to $9 per share. The rating by the firm was issued on September 1, 2016.
InvenSense (NYSE:INVN): After opening at $7.45, the stock dipped to an intraday low of $7.45 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $8.068 and the buying power remained strong till the end. The stock closed at $7.73 for the day, a gain of 4.46% for the day session. The total traded volume was 3,310,778. The stocks close on the previous trading day was $7.4.
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.