Integrated Device Technology Upgraded to “Outperform” at Zacks (IDTI)
Integrated Device Technology (NASDAQ:IDTI) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Wednesday, AR Network reports. The firm currently has a $11.60 price target on the stock. Zacks‘ price objective would indicate a potential upside of 20.71% from the stock’s previous close.
Integrated Device Technology (NASDAQ:IDTI) traded down 0.94% during mid-day trading on Wednesday, hitting $9.52. 1,191,963 shares of the company’s stock traded hands. Integrated Device Technology has a 1-year low of $6.48 and a 1-year high of $11.36. The stock has a 50-day moving average of $10.21 and a 200-day moving average of $9.60. The company has a market cap of $1.443 billion and a P/E ratio of 21.55.
Separately, analysts at Barclays downgraded shares of Integrated Device Technology from an “equal weight” rating to an “underweight” rating in a research note to investors on Monday. They now have a $8.00 price target on the stock, up previously from $7.00. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Integrated Device Technology presently has a consensus rating of “Buy” and an average target price of $10.03.
In other Integrated Device Technology news, Director Peter Feld sold 33,950 shares of Integrated Device Technology stock on the open market in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $11.06, for a total value of $375,487.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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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