Stock Update (NYSE:INVN): Usama Fayyad Joins InvenSense, Inc. Board of Directors

Usama Fayyad Joins InvenSense, Inc. Board of Directors San Jose, California, January 16, 2015 – InvenSense, Inc. (NYSE:INVN), the leading provider of intelligent sensor system on chip (SoC) for Motion and Sound, announced the appointment of Usama M. Fayyad to its board of directors. The election of Mr. Fayyad increases the size of InvenSense’s board to nine members. “Usama’s experience in business applications related to data mining, data science and cloud strategy across multiple industries will immediately provide valuable insights to our executive and development teams,” said Behrooz Abdi, President and Chief Executive Officer of InvenSense. “His expertise in data str… Read more ยป

Shares of InvenSense Inc closed yesterday at $13.33 . INVN has a 1-year high of $26.78 and a 1-year low of $13.22. The stock’s 50-day moving average is $15.29 and it’s 200-day moving average is $19.91.

On the ratings front, InvenSense Inc has been the subject of a number of recent research reports. In a report published on December 11, analyst Krishna Shankar from Roth Capital reiterated a Buy rating on INVN, with a price target of $25, which implies an upside of 87.5% from current levels. Separately, on November 14, Oppenheimer`s Andrew Uerkwitz maintained a Hold rating on InvenSense Inc shares .

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 $13.33 which is 53.8% above where the stock closed yesterday.

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

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