Canaccord Genuity restated their hold rating on shares of InvenSense Inc (NYSE:INVN) in a report published on Thursday morning. Canaccord Genuity currently has a $13.00 price target on the semiconductor company’s stock.
Shares of InvenSense (NYSE:INVN) remained flat at $12.99 during trading on Thursday. InvenSense has a one year low of $5.50 and a one year high of $13.00. The firm has a 50 day moving average of $12.79 and a 200-day moving average of $11.50. The stock’s market cap is $1.23 billion.
ILLEGAL ACTIVITY NOTICE: This story was first published by sleekmoney and is owned by of sleekmoney. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://sleekmoney.com/invensense-inc-invn-given-hold-rating-at-canaccord-genuity/1836573.html.
In other news, CFO Mark P. Dentinger sold 11,308 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $12.98, for a total transaction of $146,777.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Behrooz L. Abdi sold 4,701 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $12.98, for a total value of $61,018.98. Following the sale, the chief executive officer now owns 250,315 shares of the company’s stock, valued at approximately $3,249,088.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,029 shares of company stock valued at $311,896. Corporate insiders own 14.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. United Asset Strategies Inc. bought a new stake in shares of InvenSense during the third quarter valued at about $4,790,000. SG Americas Securities LLC increased its stake in shares of InvenSense by 407.4% in the third quarter. SG Americas Securities LLC now owns 63,975 shares of the semiconductor company’s stock valued at $475,000 after buying an additional 51,367 shares during the period. SECOR Capital Advisors LP bought a new stake in shares of InvenSense during the third quarter valued at about $104,000. United Services Automobile Association increased its stake in shares of InvenSense by 156.4% in the third quarter. United Services Automobile Association now owns 354,585 shares of the semiconductor company’s stock valued at $2,631,000 after buying an additional 216,300 shares during the period. Finally, UBS Oconnor LLC increased its stake in shares of InvenSense by 365.8% in the third quarter. UBS Oconnor LLC now owns 155,522 shares of the semiconductor company’s stock valued at $1,154,000 after buying an additional 122,137 shares during the period. Hedge funds and other institutional investors own 46.50% of the company’s stock.
InvenSense Company Profile
InvenSense, Inc (InvenSense) is engaged in designing, developing, marketing and selling of sensor system-on-chip (SoC), including accelerometers, gyroscopes and microphones for the mobile, wearable, smart home, gaming, industrial and automotive market segments. The Company delivers solutions based on its motion and sound technology; focused on solutions, such as smartphones, tablets, wearables, console and portable video gaming devices, digital television and set-top box remote controls, fitness accessories, sports equipment, digital still cameras, automobiles, ultra-books, laptops, hearing aids, stabilization systems, tools, navigation devices, remote controlled toys and other household consumer and industrial devices.
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/invensense-inc-invn-given-hold-rating-at-canaccord-genuity/1836573.html
Receive News & Ratings for InvenSense Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InvenSense Inc and related companies with MarketBeat.com's FREE daily email newsletter.