Research analysts at Maxim Group raised their price objective on shares of InvenSense (NASDAQ:INVN) to $21.00 in a report released on Thursday, StockRatingsNetwork.com reports. Maxim Group’s price target indicates a potential upside of 16.15% from the company’s current price.
INVN has been the subject of a number of other recent research reports. Analysts at Robert W. Baird upgraded shares of InvenSense (NASDAQ:INVN) from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, September 4th. They now have a $23.00 price target on the stock, up previously from $16.00. Separately, analysts at Needham & Company initiated coverage on shares of InvenSense (NASDAQ:INVN) in a research note to investors on Thursday, August 22nd. They set a “buy” rating and a $20.00 price target on the stock. Finally, analysts at Piper Jaffray Cos. cut their price target on shares of InvenSense (NASDAQ:INVN) from $27.00 to $25.00 in a research note to investors on Thursday, August 1st.
Ten research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of $20.36.
Shares of InvenSense (NASDAQ:INVN) opened at 18.08 on Thursday. InvenSense has a 52 week low of $9.09 and a 52 week high of $18.76. The stock has a 50-day moving average of $17.09 and a 200-day moving average of $13.51. The company has a market cap of $1.561 billion and a price-to-earnings ratio of 29.16. InvenSense also saw some unusual options trading activity on Monday. Stock traders purchased 6,993 put options on the company. This is an increase of approximately 729% compared to the average volume of 844 put options.
InvenSense (NASDAQ:INVN) last released its earnings data on Tuesday, July 30th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 42.6% on a year-over-year basis. On average, analysts predict that InvenSense will post $0.70 earnings per share for the current fiscal year.
InvenSense, Inc designs and fabricates micro-electro-mechanical systems (NASDAQ:INVN) technologies.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.