Schwab Charles Investment Management Inc. raised its position in shares of InvenSense Inc (NYSE:INVN) by 14.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 379,806 shares of the semiconductor company’s stock after buying an additional 48,234 shares during the period. Schwab Charles Investment Management Inc.’s holdings in InvenSense were worth $4,797,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of INVN. Parametric Portfolio Associates LLC boosted its stake in InvenSense by 57.8% in the first quarter. Parametric Portfolio Associates LLC now owns 25,002 shares of the semiconductor company’s stock worth $316,000 after buying an additional 9,157 shares during the period. Trexquant Investment LP acquired a new stake in InvenSense during the first quarter worth about $318,000. Legal & General Group Plc boosted its stake in InvenSense by 15.9% in the first quarter. Legal & General Group Plc now owns 26,311 shares of the semiconductor company’s stock worth $333,000 after buying an additional 3,618 shares during the period. Global X Management Co. LLC boosted its stake 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 worth $345,000 after buying an additional 21,590 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake 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 worth $438,000 after buying an additional 18,466 shares during the period. Hedge funds and other institutional investors own 46.50% of the company’s stock.

Shares of InvenSense Inc (NYSE INVN) remained flat at $12.99 during mid-day trading on Friday. The company’s stock had a trading volume of 5,619,013 shares. The stock has a 50-day moving average price of $12.99 and a 200-day moving average price of $12.70. InvenSense Inc has a 12 month low of $6.30 and a 12 month high of $13.00.

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Separately, Canaccord Genuity reiterated a “hold” rating and issued a $13.00 target price on shares of InvenSense in a research note on Thursday, May 18th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $11.33.

In other news, CFO Mark P. Dentinger sold 11,308 shares of the stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Behrooz L. Abdi sold 4,701 shares of the stock in a transaction that occurred 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 approximately $3,249,088.70. The disclosure for this sale can be found here. In the last three months, insiders sold 24,029 shares of company stock valued at $311,896. 14.20% of the stock is currently owned by insiders.

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.

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Institutional Ownership by Quarter for InvenSense (NYSE:INVN)

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