InvenSense price target raised to $23 from $20 at RW Baird Baird raised its price target on InvenSense following meetings with management. The firm believes the company is well positioned ahead of flagship smartphone ramps as well as gross margin expansion. Shares are Outperform rated.
News For INVN From The Last 14 Days
Check below for free stories on INVN the last two weeks.
Semiconductors sector downgraded to Cautious from Neutral at Goldman Goldman downgraded the Semiconductors sector to Cautious given signs the cycle is turning based on expectations for a slowdown in semiconductor revenue growth, above trend semi unit shipments that should normalize, and stretching lead times. As a result, the analyst sees risk to Q4 estimates and sees further downside of 10%-25% for the SOX (SOX) and downgraded NXP Semiconductors (NXPI) to Sell from Neutral, InvenSense (INVN) to Neutral from Buy, and removed Maxim Integrated (MXIM) from the Conviction Buy List.
InvenSense downgraded to Neutral from Buy at Goldman Goldman Sachs downgraded InvenSense (INVN) to Neutral citing valuation with shares near its $25 price target. Goldman also believes the near-term catalyst of share gains at Apple (AAPL) has passed. InvenSense closed Friday down 1c to $24.99.