Integrated Device Technology Inc. Sets New 1-Year High at $9.39 (IDTI)
Integrated Device Technology (NASDAQ:IDTI) set a new 52-week high on Tuesday, American Banking & Market News reports. The company traded as high as $9.39 and last traded at $9.35, with a volume of 897,863 shares. The stock had previously closed at $9.25.
A number of research firms have recently commented on IDTI. Analysts at Canaccord Genuity raised their price target on shares of Integrated Device Technology (NASDAQ:IDTI) from $9.00 to $11.00 in a research note to investors on Friday, July 26th. Separately, analysts at Barclays Capital raised their price target on shares of Integrated Device Technology (NASDAQ:IDTI) from $6.00 to $7.00 in a research note to investors on Friday, July 26th. They now have an “equal weight” rating on the stock. Finally, analysts at Stephens initiated coverage on shares of Integrated Device Technology (NASDAQ:IDTI) in a research note to investors on Tuesday, July 16th. They set an “overweight” rating on the stock.
In other Integrated Device Technology news, VP Mario Montana sold 39,134 shares of the stock on the open market in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $9.09, for a total value of $355,728.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Integrated Device Technology has a 52 week low of $5.30 and a 52 week high of $9.35. The stock’s 50-day moving average is $8.82 and its 200-day moving average is $7.94. The company’s market cap is $1.404 billion.
Integrated Device Technology (NASDAQ:IDTI) last released its earnings data on Thursday, July 25th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.01. The company had revenue of $118.00 million for the quarter, compared to the consensus estimate of $116.00 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was down 9.4% on a year-over-year basis. On average, analysts predict that Integrated Device Technology will post $0.37 earnings per share for the current fiscal year.
Integrated Device Technology, Inc (NASDAQ:IDTI) designs, develops, manufactures and markets a range of semiconductor solutions for the advanced communications, computing and consumer industries.
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