InvenSense Inc (INVN) Given “Hold” Rating at Canaccord Genuity

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.

Analyst Recommendations for InvenSense (NYSE:INVN)

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.

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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.

5 Day Chart for NYSE:INVN

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