Integrated Device Technology Director Peter Feld Sells 426,780 Shares (IDTI)
Integrated Device Technology (NASDAQ:IDTI) Director Peter Feld sold 426,780 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $10.15, for a total value of $4,331,817.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Canaccord Genuity raised their price target on shares of Integrated Device Technology from $11.00 to $12.00 in a research note to investors on Tuesday, October 29th. They now have a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Integrated Device Technology has a consensus rating of “Buy” and a consensus target price of $9.45.
Shares of Integrated Device Technology (NASDAQ:IDTI) traded down 1.47% during mid-day trading on Thursday, hitting $10.03. 1,374,357 shares of the company’s stock traded hands. Integrated Device Technology has a one year low of $6.48 and a one year high of $11.36. The stock’s 50-day moving average is $9.98 and its 200-day moving average is $9.32. The company has a market cap of $1.520 billion and a P/E ratio of 22.83.
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.
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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