Insider Selling: Christian G. Kermarrec Unloads 1,563 Shares of Integrated Device Technology Stock (IDTI)
Integrated Device Technology (NASDAQ:IDTI) VP Christian G. Kermarrec sold 1,563 shares of the company’s stock on the open market in a transaction dated Monday, June 2nd. The stock was sold at an average price of $13.40, for a total transaction of $20,944.20. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on IDTI shares. 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 research 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’s stock. Integrated Device Technology presently has an average rating of “Hold” and a consensus price target of $12.86.
Shares of Integrated Device Technology (NASDAQ:IDTI) traded up 0.71% on Thursday, hitting $13.415. 1,504,077 shares of the company’s stock traded hands. Integrated Device Technology has a 1-year low of $7.69 and a 1-year high of $13.77. The stock’s 50-day moving average is $12.29 and its 200-day moving average is $11.30. The company has a market cap of $2.003 billion and a P/E ratio of 22.97.
Integrated Device Technology (NASDAQ:IDTI) last announced its earnings results 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. On average, analysts predict that Integrated Device Technology will post $0.68 earnings per share 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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