Integrated Device Technology Director Ronald James Smith Sells 10,000 Shares (IDTI)
Integrated Device Technology (NASDAQ:IDTI) Director Ronald James Smith sold 10,000 shares of Integrated Device Technology stock on the open market in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $13.29, for a total transaction of $132,900.00. Following the transaction, the director now directly owns 43,193 shares of the company’s stock, valued at approximately $574,035. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Integrated Device Technology (NASDAQ:IDTI) traded up 0.53% during mid-day trading on Thursday, hitting $13.39. 2,422,631 shares of the company’s stock traded hands. 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 $12.35 and a 200-day moving average of $11.32. The company has a market cap of $1.999 billion and a price-to-earnings ratio of 22.97.
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.
IDTI has been the subject of a number of recent research reports. 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price 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.
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