Integrated Device Technology VP Unloads $20,944 in Stock (IDTI)
Integrated Device Technology (NASDAQ:IDTI) VP Christian G. Kermarrec sold 1,563 shares of Integrated Device Technology stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $13.40, for a total value of $20,944.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Integrated Device Technology (NASDAQ:IDTI) traded up 0.15% on Wednesday, hitting $13.32. The stock had a trading volume of 2,330,642 shares. Integrated Device Technology has a one year low of $7.69 and a one year high of $13.77. The stock has a 50-day moving average of $12.29 and a 200-day moving average of $11.30. The company has a market cap of $1.989 billion and a price-to-earnings ratio of 22.93.
Integrated Device Technology (NASDAQ:IDTI) last released its earnings data on Monday, May 5th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, analysts predict that Integrated Device Technology will post $0.68 earnings per share for the current fiscal year.
A number of research firms have recently commented on IDTI. Analysts at Ned Davis Research upgraded shares of Integrated Device Technology from a “sell” rating to a “neutral” rating in a research note on Monday, May 12th. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Integrated Device Technology presently has an average rating of “Hold” and an average price target of $12.86.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.