News stories about Integrated Device Technology (NASDAQ:IDTI) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Integrated Device Technology earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 46.5883427155946 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Integrated Device Technology (NASDAQ:IDTI) opened at $29.20 on Tuesday. The company has a quick ratio of 5.01, a current ratio of 5.62 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $3,864.25, a PE ratio of 26.31, a P/E/G ratio of 2.84 and a beta of 1.96. Integrated Device Technology has a 12-month low of $22.70 and a 12-month high of $34.13.
Integrated Device Technology (NASDAQ:IDTI) last posted its earnings results on Monday, January 29th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The company had revenue of $217.10 million during the quarter, compared to analyst estimates of $215.32 million. Integrated Device Technology had a positive return on equity of 20.26% and a negative net margin of 0.33%. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 EPS. analysts anticipate that Integrated Device Technology will post 1.15 EPS for the current year.
Several equities research analysts have recently issued reports on IDTI shares. Dougherty & Co raised their price objective on shares of Integrated Device Technology from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. KeyCorp reiterated a “buy” rating on shares of Integrated Device Technology in a research note on Monday, January 29th. Roth Capital lifted their price target on shares of Integrated Device Technology from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Craig Hallum reiterated a “buy” rating and set a $40.00 price target (up previously from $36.00) on shares of Integrated Device Technology in a research note on Tuesday, January 30th. Finally, BidaskClub cut Integrated Device Technology from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Integrated Device Technology has a consensus rating of “Buy” and an average price target of $33.38.
In related news, SVP Brian C. White sold 23,297 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $34.00, for a total value of $792,098.00. Following the completion of the transaction, the senior vice president now directly owns 131,272 shares in the company, valued at approximately $4,463,248. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brian C. White sold 8,417 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $32.50, for a total value of $273,552.50. Following the completion of the transaction, the senior vice president now owns 108,737 shares of the company’s stock, valued at $3,533,952.50. The disclosure for this sale can be found here. Insiders have sold a total of 85,120 shares of company stock valued at $2,702,946 over the last 90 days. Corporate insiders own 1.24% of the company’s stock.
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About Integrated Device Technology
Integrated Device Technology, Inc develops system-level solutions that optimize its customers’ applications. The Company operates through two segments: the Communications, and the Computing, Consumer and Industrial. It offers products in radio frequency (RF), timing, wireless power transfer, serial switching, interfaces and sensing solutions.
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