InvenSense® Announces Third Quarter Fiscal Year 2015 Results
InvenSense® Announces Third Quarter Fiscal Year 2015 Results Company Generates Record Revenue of $115.9 Million SAN JOSE, California, Jan. 29, 2014 – InvenSense, Inc. (NYSE:INVN) the leading provider of intelligent sensor system on chip (SoC) for Motion and Sound, today announced results for its third quarter of fiscal year 2015 ended December 28, 2014. Net revenue for the third quarter of fiscal 2015 was $115.9 million, up 28 percent from $90.2 million for the second quarter of fiscal 2015, and up 74 percent from $66.7 million for the third quarter of fiscal 2014. Gross margin determined in accordance with U.S. generally accepted accounting principles (GAAP) for the third quarter of… Read more »
Shares of InvenSense Inc opened today at $15.8 and are currently trading down at $15.76. INVN has a 1-year high of $26.78 and a 1-year low of $13.19. The stock’s 50-day moving average is $15.32 and it’s 200-day moving average is $19.35.
On the ratings front, InvenSense has been the subject of a number of recent research reports. In a report issued on January 27, Roth Capital analyst Krishna Shankar reiterated a Buy rating on INVN, with a price target of $25, which implies an upside of 58.2% from current levels. Separately, on November 14, Oppenheimer’s Andrew Uerkwitz maintained a Hold rating on the stock .
In total, 4 research analysts have assigned a Hold rating and 2 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $15.8 which is 39.2% above where the stock opened today.
InvenSense Inc designs, develops, markets and sells Micro-Electro-Mechanical Systems sensors, including accelerometers, gyroscopes and microphones for consumer electronics.