Integrated Device Technology Director Peter A. Feld Unloads 686,010 Shares (IDTI)
Integrated Device Technology (NASDAQ:IDTI) Director Peter A. Feld sold 686,010 shares of Integrated Device Technology stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $11.98, for a total value of $8,218,399.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Integrated Device Technology (NASDAQ:IDTI) opened at 12.15 on Monday. Integrated Device Technology has a 1-year low of $6.48 and a 1-year high of $12.77. The stock has a 50-day moving average of $10.59 and a 200-day moving average of $9.83. The company has a market cap of $1.822 billion and a price-to-earnings ratio of 23.41.
Integrated Device Technology (NASDAQ:IDTI) last posted its quarterly earnings results on Monday, February 3rd. The company reported $0.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.05. The company had revenue of $124.63 million for the quarter, compared to the consensus estimate of $127.36 million. During the same quarter last year, the company posted $0.06 earnings per share. Integrated Device Technology’s revenue was up 9.0% compared to the same quarter last year. On average, analysts predict that Integrated Device Technology will post $0.45 earnings per share for the current fiscal year.
A number of research firms have recently commented on IDTI. Analysts at Jefferson Research upgraded shares of Integrated Device Technology from a “hold” rating to a “buy” rating in a research note on Friday. Separately, analysts at EVA Dimensions LLC upgraded shares of Integrated Device Technology from a “hold” rating to an “overweight” rating in a research note on Wednesday, February 19th. Finally, analysts at Zacks upgraded shares of Integrated Device Technology from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 29th. They now have a $11.60 price target on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $10.03.
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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