Integrated Device Technology Inc. Sets New 1-Year High at $11.36 (IDTI)
Integrated Device Technology (NASDAQ:IDTI) set a new 52-week high on Tuesday, American Banking and Market News reports. The company traded as high as $11.36 and last traded at $10.72, with a volume of 6,469,806 shares. The stock had previously closed at $9.50.
A number of research firms have recently commented on IDTI. 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. 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $9.20.
Integrated Device Technology has a one year low of $5.12 and a one year high of $9.39. The stock’s 50-day moving average is $8.86 and its 200-day moving average is $7.9. The company’s market cap is $1.614 billion.
Integrated Device Technology (NASDAQ:IDTI) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.02. The company had revenue of $124.60 million for the quarter, compared to the consensus estimate of $125.10 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was down 6.6% 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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