Integrated Device Technology Director Peter A. Feld Unloads 33,950 Shares (IDTI)
Integrated Device Technology (NASDAQ:IDTI) Director Peter A. Feld unloaded 33,950 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $11.06, for a total value of $375,487.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Integrated Device Technology (NASDAQ:IDTI) traded down 3.57% during mid-day trading on Thursday, hitting $10.82. The stock had a trading volume of 1,610,016 shares. Integrated Device Technology has a 52 week low of $6.48 and a 52 week high of $11.36. The stock has a 50-day moving average of $10.24 and a 200-day moving average of $9.55. The company has a market cap of $1.640 billion and a price-to-earnings ratio of 25.16.
Integrated Device Technology (NASDAQ:IDTI) last announced its earnings results on Monday, October 28th. The company reported $0.10 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.09 earnings per share. Integrated Device Technology’s revenue was down 6.6% compared to the same quarter last year. Analysts expect that Integrated Device Technology will post $0.39 EPS for the current fiscal year.
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 analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $9.45.
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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