One one hand
Investors Buy Large Volume of InvenSense Put Options
Shares of InvenSense (NASDAQ:INVN) saw some unusual options trading on Monday. Traders acquired 1,134 put options on the stock, Stock Ratings Network reports. This is an increase of 117% compared to the typical volume of 523 put options.
In other InvenSense news, VP Daniel Goehl sold 15,958 shares of InvenSense stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $17.95, for a total value of $286,446.10. Following the completion of the sale, the vice president now directly owns 75,000 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Maxim Group raised their price target on shares of InvenSense from $18.00 to $20.00 in a research note to investors on Tuesday, August 27th. They now have a “ buy” rating on the stock. Separately, analysts at Needham & Company initiated coverage on shares of InvenSense 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 from $27.00 to $25.00 in a research note to investors on Thursday, August 1st.
One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $19.36.
Shares of InvenSense ( NASDAQ:INVN) traded up 1.88% during mid-day trading on Monday, hitting $17.87. 1,985,000 shares of the company’s stock traded hands. InvenSense has a 52-week low of $9.09 and a 52-week high of $17.98. The stock’s 50-day moving average is $16.65 and its 200-day moving average is $13.3. The company has a market cap of $1.543 billion and a price-to-earnings ratio of 28.29.
InvenSense (NASDAQ:INVN) last released its earnings data 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 predict that InvenSense will post $0.69 earnings per share for the current fiscal year.
InvenSense, Inc designs and fabricates micro-electro-mechanical systems ( NASDAQ:INVN) technologies.
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and on the other hand
Traders Purchase High Volume of Call Options on InvenSense (INVN)
Shares of InvenSense (NASDAQ:INVN) was the recipient of some unusual options trading activity on Tuesday. Traders acquired 7,390 call options on the stock, Stock Ratings Networkreports. This is an increase of 271% compared to the average daily volume of 1,990 call options.
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