Renaissance Technologies LLC purchased a new stake in InvenSense Inc (NYSE:INVN) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 898,200 shares of the semiconductor company’s stock, valued at approximately $11,344,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parametric Portfolio Associates LLC boosted its position in InvenSense by 57.8% in the first quarter. Parametric Portfolio Associates LLC now owns 25,002 shares of the semiconductor company’s stock valued at $316,000 after buying an additional 9,157 shares during the last quarter. Trexquant Investment LP acquired a new position in InvenSense during the first quarter valued at about $318,000. Legal & General Group Plc boosted its position in InvenSense by 15.9% in the first quarter. Legal & General Group Plc now owns 26,311 shares of the semiconductor company’s stock valued at $333,000 after buying an additional 3,618 shares during the last quarter. Global X Management Co. LLC boosted its position in InvenSense by 375.6% in the first quarter. Global X Management Co. LLC now owns 27,338 shares of the semiconductor company’s stock valued at $345,000 after buying an additional 21,590 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in 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 during the last quarter. 46.50% of the stock is owned by institutional investors.

InvenSense Inc (INVN) opened at 12.99 on Tuesday. InvenSense Inc has a 1-year low of $5.61 and a 1-year high of $13.00. The stock has a 50 day moving average price of $12.99 and a 200 day moving average price of $12.59.

COPYRIGHT VIOLATION WARNING: “Renaissance Technologies LLC Buys Shares of 898,200 InvenSense Inc (NYSE:INVN)” was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.watchlistnews.com/renaissance-technologies-llc-buys-shares-of-898200-invensense-inc-nyseinvn/1448023.html.

Separately, Canaccord Genuity reissued a “hold” rating and issued a $13.00 price target on shares of InvenSense in a research note on Thursday, May 18th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. InvenSense presently has a consensus rating of “Hold” and an average target price of $11.14.

In other news, CFO Mark P. Dentinger sold 11,308 shares of InvenSense stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $12.98, for a total value of $146,777.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Behrooz L. Abdi sold 4,701 shares of InvenSense stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $12.98, for a total value of $61,018.98. Following the completion of the sale, the chief executive officer now directly owns 250,315 shares of the company’s stock, valued at $3,249,088.70. The disclosure for this sale can be found here. Insiders sold a total of 24,029 shares of company stock valued at $311,896 over the last three months. Insiders own 14.20% of the company’s stock.

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.

Want to see what other hedge funds are holding INVN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for InvenSense Inc (NYSE:INVN).

Institutional Ownership by Quarter for InvenSense (NYSE:INVN)

Receive News & Ratings for InvenSense Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InvenSense Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.