Integrated Device Technology Now Covered by Analysts at Dougherty & Co (IDTI)
Research analysts at Dougherty & Co began coverage on shares of Integrated Device Technology (NASDAQ:IDTI) in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Integrated Device Technology (NASDAQ:IDTI) opened at 9.60 on Wednesday. Integrated Device Technology has a 52 week low of $5.30 and a 52 week high of $9.42. The stock has a 50-day moving average of $8.88 and a 200-day moving average of $8.04. The company’s market cap is $1.439 billion.
Integrated Device Technology (NASDAQ:IDTI) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter 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.
A number of other analysts have also recently weighed in 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.
Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Integrated Device Technology presently has a consensus rating of “Buy” and an average price target of $8.83.
In other Integrated Device Technology news, VP Mario Montana sold 39,134 shares of the stock on the open market in a transaction dated Thursday, September 5th. The stock was sold at an average price of $9.09, for a total transaction 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, 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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