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Integrated Device Technology (NASDAQ:IDTI) was upgraded by equities researchers at Ned Davis Research from a “sell” rating to a “neutral” rating in a research report issued on Monday, American Banking News reports.

Other equities research analysts have also recently issued reports about the stock. Analysts at Craig Hallum raised their price target on shares of Integrated Device Technology from $12.00 to $15.00 in a research note on Tuesday, May 6th. Separately, analysts at Citigroup Inc. raised their price target on shares of Integrated Device Technology from $13.00 to $15.00 in a research note on Tuesday, May 6th. They now have a “buy” rating on the stock. Finally, analysts at Zacks downgraded shares of Integrated Device Technology from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 8th. They now have a $14.30 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $12.13.

Integrated Device Technology (NASDAQ:IDTI) traded up 1.96% during mid-day trading on Monday, hitting $12.50. 2,033,360 shares of the company’s stock traded hands. Integrated Device Technology has a 52 week low of $7.55 and a 52 week high of $13.29. The stock’s 50-day moving average is $11.8 and its 200-day moving average is $10.98. The company has a market cap of $1.875 billion and a P/E ratio of 21.14.

Integrated Device Technology (NASDAQ:IDTI) last released its earnings data on Monday, May 5th. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.01. The company had revenue of $118.60 million for the quarter, compared to the consensus estimate of $117.07 million. During the same quarter last year, the company posted $0.01 earnings per share. Integrated Device Technology’s revenue was up 10.0% compared to the same quarter last year. Analysts expect that Integrated Device Technology will post $0.68 EPS for the current fiscal year.

Integrated Device Technology, Inc (NASDAQ:IDTI) designs, develops, manufactures and markets a broad range of low-power mixed signal semiconductor solutions for the advanced communications, computing and consumer industries.

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