InvenSense (NASDAQ:INVN) will be releasing its earnings data on Tuesday, October 29th. Investors interested in participating in the company’s conference call can do so using this link.
InvenSense (NASDAQ:INVN) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.01. The company had revenue of $55.90 million for the quarter, compared to the consensus estimate of $54.43 million. During the same quarter last year, the company posted $0.09 earnings per share. InvenSense’s revenue was up 42.6% compared to the same quarter last year. On average, analysts expect InvenSense to post $0.71 EPS for the current fiscal year and $0.92 EPS for the next fiscal year.
Shares of InvenSense (NASDAQ:INVN) opened at 19.28 on Monday. InvenSense has a 52 week low of $9.09 and a 52 week high of $19.36. The stock’s 50-day moving average is $17.24 and its 200-day moving average is $13.59. The company has a market cap of $1.665 billion and a P/E ratio of 31.10.
INVN has been the subject of a number of recent research reports. Analysts at Needham & Company reiterated a “buy” rating on shares of InvenSense in a research note to investors on Tuesday, October 15th. They now have a $20.00 price target on the stock. On the ratings front, analysts at Oppenheimer raised their price target on shares of InvenSense from $19.00 to $24.00 in a research note to investors on Tuesday, October 15th. They now have an “outperform” rating on the stock. Finally, analysts at Maxim Group raised their price target on shares of InvenSense from $18.00 to $23.00 in a research note to investors on Tuesday, October 15th. They now have a “buy” rating on the stock. Eleven research analysts have rated the stock with a buy rating, InvenSense presently has an average rating of “Buy” and a consensus target price of $21.00.
In other InvenSense news, Director Daniel Goehl sold 31,500 shares of InvenSense stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $19.98, for a total transaction of $629,370.00. Following the completion of the transaction, the director now directly owns 45,050 shares in the company, valued at approximately $900,099. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
InvenSense, Inc designs and fabricates micro-electro-mechanical systems (NASDAQ:INVN) technologies.
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