Price Action Alert: What’s InvenSense Inc Upside After Today’s Huge Increase?

Price Action Alert: What's InvenSense Inc Upside After Today's Huge Increase?

The stock of InvenSense Inc (NYSE:INVN) is a huge mover today! About 4.62 million shares traded hands or 298.28% up from the average. InvenSense Inc (NYSE:INVN) has declined 12.82% since March 28, 2016 and is downtrending. It has underperformed by 17.53% the S&P500.
The move comes after 7 months positive chart setup for the $680.01 million company. It was reported on Oct, 28 by Barchart.com. We have $11.63 PT which if reached, will make NYSE:INVN worth $374.01 million more.

InvenSense Inc (NYSE:INVN) Ratings Coverage

Out of 10 analysts covering InvenSense (NYSE:INVN), 5 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 50% are positive. InvenSense has been the topic of 17 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Benchmark given on Wednesday, January 13. As per Thursday, October 29, the company rating was maintained by Topeka Capital Markets. The company was initiated on Thursday, September 1 by Roth Capital. Northland Capital maintained it with “Market Perform” rating and $12.50 target price in Thursday, October 29 report. As per Tuesday, May 10, the company rating was maintained by Topeka Capital Markets. Canaccord Genuity downgraded InvenSense Inc (NYSE:INVN) on Wednesday, May 11 to “Hold” rating. The rating was initiated by Rosenblatt with “Buy” on Tuesday, October 13. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, August 5. On Friday, August 12 the stock rating was upgraded by Pacific Crest to “Overweight”. The stock of InvenSense Inc (NYSE:INVN) has “Mkt Perform” rating given on Thursday, January 28 by Barrington Research.

According to Zacks Investment Research, “InvenSense Inc. provides motion processing solutions that enable a motion-based user interface for consumer electronics. Its solutions are comprised of an integrated circuit that incorporates motion sensors, such as gyroscopes, with associated software. The Company offers devices for applications in console and portable video gaming devices, handset and tablet devices, digital still and video cameras, digital television and set-top box remote controls, 3D mice and portable navigation devices. Its technology is comprised of four proprietary components: its patented Nasiri-Fabrication process, advanced MEMS gyroscope design, mixed-signal circuitry that provides sensor signal processing and enables SensorFusion technology critical to its MotionProcessing platform, and MotionProcessing library and MotionApplication software solutions. InvenSense Inc. is headquartered in Sunnyvale, California.”

Insitutional Activity: The institutional sentiment increased to 1.11 in 2016 Q2. Its up 0.29, from 0.82 in 2016Q1. The ratio is positive, as 23 funds sold all InvenSense Inc shares owned while 39 reduced positions. 19 funds bought stakes while 50 increased positions. They now own 36.23 million shares or 6.35% less from 38.69 million shares in 2016Q1.
Pomelo Cap Ltd Llc owns 75,000 shares or 0.02% of their US portfolio. Great West Life Assurance Can has 0% invested in the company for 7,228 shares. Thompson Inv Inc last reported 0.03% of its portfolio in the stock. Voya Investment Mngmt Limited Liability Corp, a Georgia-based fund reported 30,648 shares. Blackrock Institutional Company Na holds 0% or 2.00M shares in its portfolio. Edge Wealth Management Ltd Liability holds 0% or 1,200 shares in its portfolio. Tower Rech Cap Llc (Trc) has 11,462 shares for 0.01% of their US portfolio. Shelton Capital Mgmt last reported 63,000 shares in the company. Bnp Paribas Arbitrage Sa last reported 0% of its portfolio in the stock. Winch Advisory Ltd Llc accumulated 100 shares or 0% of the stock. Moreover, Kessler Investment Ltd has 0% invested in InvenSense Inc (NYSE:INVN) for 500 shares. Benjamin F Edwards Company owns 400 shares or 0% of their US portfolio. Blackrock Inv Lc holds 0% of its portfolio in InvenSense Inc (NYSE:INVN) for 327,740 shares. Moreover, Canada Pension Plan Invest Board has 0.03% invested in InvenSense Inc (NYSE:INVN) for 1.01M shares. Scout Invs has 217,325 shares for 0.04% of their US portfolio.

More notable recent InvenSense Inc (NYSE:INVN) news were published by: Fool.com which released: “How Risky Is InvenSense Inc.?” on October 13, 2016, also Fool.com with their article: “3 Signs InvenSense Inc. Needs New Management” published on October 12, 2016, Reuters.com published: “Exclusive: iPhone supplier InvenSense exploring sale – sources” on October 28, 2016. More interesting news about InvenSense Inc (NYSE:INVN) were released by: Businesswire.com and their article: “Precise Biometrics Enters License Agreement with InvenSense, Inc.” published on October 21, 2016 as well as Businesswire.com‘s news article titled: “InvenSense Announces SensorStudio 2.2 Supporting MCU-Agnostic GenericSensorHub …” with publication date: October 20, 2016.

INVN Company Profile

InvenSense, Inc. (InvenSense), incorporated on August 5, 2004, 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 divisions. The Firm 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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