Nationwide Fund Advisors reduced its stake in InvenSense Inc (NYSE:INVN) by 5.8% during the first quarter, Holdings Channel reports. The institutional investor owned 55,703 shares of the semiconductor company’s stock after selling 3,419 shares during the period. Nationwide Fund Advisors’ holdings in InvenSense were worth $704,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. WFG Advisors LP boosted its stake in shares of InvenSense by 499.8% in the fourth quarter. WFG Advisors LP now owns 2,999 shares of the semiconductor company’s stock valued at $115,000 after buying an additional 2,499 shares in the last quarter. Tudor Investment Corp Et Al bought a new stake in shares of InvenSense during the fourth quarter valued at about $512,000. Guggenheim Capital LLC bought a new stake in shares of InvenSense during the fourth quarter valued at about $685,000. Asset Management One Co. Ltd. bought a new stake in shares of InvenSense during the fourth quarter valued at about $717,000. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of InvenSense by 16.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 57,255 shares of the semiconductor company’s stock valued at $732,000 after buying an additional 8,183 shares in the last quarter. Institutional investors own 46.50% of the company’s stock.
InvenSense Inc (INVN) opened at 12.99 on Wednesday. The firm has a 50-day moving average of $12.97 and a 200 day moving average of $12.42. InvenSense Inc has a 52-week low of $5.50 and a 52-week high of $13.00.
Separately, Canaccord Genuity restated a “hold” rating and issued a $13.00 target price on shares of InvenSense in a report on Thursday, May 18th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.14.
In other InvenSense news, CFO Mark P. Dentinger sold 11,308 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $12.98, for a total transaction of $146,777.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Daniel Goehl sold 8,020 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $12.98, for a total transaction of $104,099.60. Following the transaction, the vice president now owns 33,307 shares of the company’s stock, valued at $432,324.86. The disclosure for this sale can be found here. Insiders have sold 24,029 shares of company stock valued at $311,896 over the last 90 days. 14.20% of the stock is currently owned by company insiders.
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.
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