UMB Bank N A MO held its stake in shares of InvenSense Inc. (NYSE:INVN) during the second quarter, Holdings Channel reports. The firm owned 28,325 shares of the company’s stock at the end of the second quarter. UMB Bank N A MO’s holdings in InvenSense were worth $174,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in InvenSense by 199.6% in the first quarter. JPMorgan Chase & Co. now owns 1,459,975 shares of the company’s stock worth $12,264,000 after buying an additional 972,719 shares during the last quarter. Spark Investment Management LLC boosted its position in InvenSense by 181.9% in the first quarter. Spark Investment Management LLC now owns 1,305,600 shares of the company’s stock worth $10,967,000 after buying an additional 842,400 shares during the last quarter. Motley Fool Wealth Management LLC boosted its position in InvenSense by 11.4% in the first quarter. Motley Fool Wealth Management LLC now owns 183,530 shares of the company’s stock worth $1,542,000 after buying an additional 18,842 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in InvenSense during the first quarter worth approximately $7,038,000. Finally, Pictet Asset Management Ltd. boosted its position in InvenSense by 35.3% in the first quarter. Pictet Asset Management Ltd. now owns 959,394 shares of the company’s stock worth $7,493,000 after buying an additional 250,128 shares during the last quarter. 40.10% of the stock is currently owned by institutional investors and hedge funds.
Shares of InvenSense Inc. (NYSE:INVN) traded up 4.21% during trading on Friday, hitting $7.42. 1,334,513 shares of the company traded hands. InvenSense Inc. has a 52-week low of $5.42 and a 52-week high of $12.77. The stock’s market capitalization is $695.17 million. The company has a 50-day moving average of $7.58 and a 200-day moving average of $7.09.
InvenSense (NYSE:INVN) last issued its quarterly earnings results on Thursday, July 28th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.01. The company had revenue of $60.64 million for the quarter, compared to analyst estimates of $60.26 million. InvenSense had a negative net margin of 9.54% and a negative return on equity of 1.07%. The business’s revenue for the quarter was down 43.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 earnings per share. Equities analysts expect that InvenSense Inc. will post $0.11 EPS for the current year.
INVN has been the topic of several recent research reports. Roth Capital initiated coverage on shares of InvenSense in a report on Wednesday, August 31st. They set a “buy” rating and a $9.00 target price on the stock. KeyCorp reiterated a “hold” rating on shares of InvenSense in a report on Wednesday, July 6th. Pacific Crest reiterated an “overweight” rating on shares of InvenSense in a report on Sunday, August 28th. Finally, Northland Securities upgraded shares of InvenSense from a “market perform” rating to an “outperform” rating and set a $10.00 price target on the stock in a report on Friday, July 29th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.94.
In other InvenSense news, CFO Mark P. Dentinger sold 7,110 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $7.55, for a total transaction of $53,680.50. Following the sale, the chief financial officer now directly owns 28,380 shares in the company, valued at $214,269. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 14.20% 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.
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