California Public Employees Retirement System lowered its position in InvenSense Inc (NYSE:INVN) by 81.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 157,100 shares of the semiconductor company’s stock after selling 671,400 shares during the period. California Public Employees Retirement System owned 0.17% of InvenSense worth $1,984,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in INVN. Teachers Advisors LLC raised its position in shares of InvenSense by 2.7% in the first quarter. Teachers Advisors LLC now owns 153,028 shares of the semiconductor company’s stock worth $1,933,000 after buying an additional 4,005 shares during the period. Wellington Management Group LLP raised its position in shares of InvenSense by 184.9% in the first quarter. Wellington Management Group LLP now owns 240,756 shares of the semiconductor company’s stock worth $3,041,000 after buying an additional 156,265 shares during the period. OppenheimerFunds Inc. raised its position in shares of InvenSense by 2.4% in the first quarter. OppenheimerFunds Inc. now owns 76,619 shares of the semiconductor company’s stock worth $968,000 after buying an additional 1,807 shares during the period. Alliancebernstein L.P. raised its position in shares of InvenSense by 16.3% in the first quarter. Alliancebernstein L.P. now owns 95,040 shares of the semiconductor company’s stock worth $1,200,000 after buying an additional 13,300 shares during the period. Finally, American International Group Inc. raised its position in shares of InvenSense by 7.1% in the first quarter. American International Group Inc. now owns 50,357 shares of the semiconductor company’s stock worth $636,000 after buying an additional 3,331 shares during the period. 46.50% of the stock is currently owned by institutional investors.
InvenSense Inc (INVN) remained flat at $12.99 during trading on Friday. 5,619,013 shares of the company’s stock were exchanged. InvenSense Inc has a 12 month low of $6.30 and a 12 month high of $13.00. The firm’s 50-day moving average price is $12.99 and its 200 day moving average price is $12.70.
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Separately, Canaccord Genuity restated a “hold” rating and set a $13.00 target price on shares of InvenSense in a research report on Thursday, May 18th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $11.33.
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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