Stock Update (NYSE:INVN): InvenSense Inc’s Peter Hartwell To Provide Key Presentation On Internet Of Sensors At MEMS Industry Group Conference Asia

InvenSense Inc (NYSE:INVN), the leading provider of intelligent sensor system on chip (SoC) for Motion and Sound, today announced Peter Hartwell, Senior Director of Advanced Technology, will deliver a featured speech on the Internet of Sensors at the MEMS Industry Group Conference Asia 2015, September 10 at 3:00 pm in Shanghai, China. Dr. Hartwell’s presentation will examine the accelerating growth of the Internet of Things (IoT) as devices proliferate, enabling the cloud to connect with and sense the ambient world in order to make intelligent real time decisions.

This presentation will further review how MEMS companies have the opportunity to capture additional value by delivering intelligent sensors that create a more efficient system by transmitting not just raw sensor data, but rather information and context to the cloud. IoT companies will accelerate as they focus on applications of information rather than the collection and analysis of raw sensor data. MEMS companies with sensor intelligence, system knowledge, and big data know-how, will not just participate, but thrive, in the forthcoming Internet of Sensors. (Original Source)

Shares of InvenSense Inc closed yesterday at $10.25. INVN has a 1-year high of $25.95 and a 1-year low of $8.46. The stock’s 50-day moving average is $11.05 and its 200-day moving average is $14.17.

On the ratings front, InvenSense has been the subject of a number of recent research reports. In a report issued on August 12, Canaccord Genuity analyst Matt Ramsay reiterated a Buy rating on INVN, with a price target of $15, which implies an upside of 46.3% from current levels. Separately, on August 5, Barrington Research’s Ted Moreau downgraded the stock to Hold .

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Matt Ramsay and Ted Moreau have a total average return of -2.1% and 2.1% respectively. Ramsay has a success rate of 48.3% and is ranked #3099 out of 3752 analysts, while Moreau has a success rate of 40.0% and is ranked #2102.

The street is mostly Bullish on INVN stock. Out of 5 analysts who cover the stock, 3 suggest a Buy rating and 2 recommend to Hold the stock. The 12-month average price target assigned to the stock is $17.00, which represents a potential upside of 66% from where the stock is currently trading.

InvenSense Inc designs, develops, markets and sells Micro-Electro-Mechanical Systems sensors, including accelerometers, gyroscopes and microphones for consumer electronics.

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