Legal & General Group Plc Boosts Position in InvenSense Inc (INVN)

Legal & General Group Plc raised its position in shares of InvenSense Inc (NYSE:INVN) by 15.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,311 shares of the semiconductor company’s stock after buying an additional 3,618 shares during the period. Legal & General Group Plc’s holdings in InvenSense were worth $333,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of InvenSense by 145.3% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 449,323 shares of the semiconductor company’s stock valued at $5,675,000 after buying an additional 266,123 shares in the last quarter. Gabelli Funds LLC increased its position in shares of InvenSense by 62.3% in the first quarter. Gabelli Funds LLC now owns 1,660,128 shares of the semiconductor company’s stock valued at $20,967,000 after buying an additional 637,250 shares in the last quarter. Gamco Investors INC. ET AL increased its position in shares of InvenSense by 25.0% in the first quarter. Gamco Investors INC. ET AL now owns 159,202 shares of the semiconductor company’s stock valued at $2,011,000 after buying an additional 31,802 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of InvenSense by 114.0% in the first quarter. UBS Asset Management Americas Inc. now owns 34,665 shares of the semiconductor company’s stock valued at $438,000 after buying an additional 18,466 shares in the last quarter. Finally, Capital Fund Management S.A. purchased a new position in shares of InvenSense during the first quarter valued at approximately $1,829,000. Institutional investors own 46.50% of the company’s stock.

Shares of InvenSense Inc (NYSE INVN) opened at 12.99 on Friday. The firm’s 50 day moving average is $12.99 and its 200-day moving average is $12.70. InvenSense Inc has a 1-year low of $6.30 and a 1-year high of $13.00.

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Separately, Canaccord Genuity restated a “hold” rating and set a $13.00 price objective on shares of InvenSense in a research report on Thursday, May 18th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $11.33.

About InvenSense

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.

Institutional Ownership by Quarter for InvenSense (NYSE:INVN)

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