Insider Selling: Christian G. Kermarrec Sells 1,563 Shares of Integrated Device Technology Stock (IDTI)
Integrated Device Technology (NASDAQ:IDTI) VP Christian G. Kermarrec sold 1,563 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $13.40, for a total value of $20,944.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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 analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.86.
Integrated Device Technology (NASDAQ:IDTI) traded up 0.60% during mid-day trading on Friday, hitting $13.47. The stock had a trading volume of 892,405 shares. Integrated Device Technology has a 52-week low of $7.69 and a 52-week 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 $2.011 billion and a price-to-earnings ratio of 23.09.
Integrated Device Technology (NASDAQ:IDTI) last posted its quarterly earnings results 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. 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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