Integrated Device Technology Inc. Sets New 1-Year High at $9.67 (IDTI)
Integrated Device Technology (NASDAQ:IDTI) set a new 52-week high during trading on Wednesday, AnalystRatings.Net reports. The stock traded as high as $9.67 and last traded at $9.56, with a volume of 1,219,221 shares. The stock had previously closed at $9.42.
A number of analysts have recently weighed in on IDTI shares. Analysts at Zacks downgraded shares of Integrated Device Technology from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, September 18th. They now have a $10.30 price target on the stock. Separately, analysts at Dougherty & Co initiated coverage on shares of Integrated Device Technology in a research note to investors on Wednesday, September 18th. They set a “buy” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Integrated Device Technology from $9.00 to $11.00 in a research note to investors on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $9.20.
Integrated Device Technology has a 52-week low of $5.30 and a 52-week high of $9.66. The stock’s 50-day moving average is $9.1 and its 200-day moving average is $8.30. The company’s market cap is $1.437 billion.
Integrated Device Technology (NASDAQ:IDTI) last posted its quarterly earnings results 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.
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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