Integrated Device Technology (IDTI) Announces Quarterly Results
Integrated Device Technology (NASDAQ:IDTI) issued its quarterly earnings data on Monday. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.23, Analyst Ratings Network reports.
Integrated Device Technology (NASDAQ:IDTI) traded up 1.50% on Monday, hitting $13.53. The stock had a trading volume of 4,678,268 shares. Integrated Device Technology has a one year low of $8.09 and a one year high of $15.91. The stock’s 50-day moving average is $14.87 and its 200-day moving average is $12.53. The company has a market cap of $2.020 billion and a P/E ratio of 22.98.
A number of analysts have recently weighed in on IDTI shares. Analysts at Barclays raised their price target on shares of Integrated Device Technology from $8.00 to $10.00 in a research note on Tuesday, July 15th. They now have an “underweight” rating on the stock. On a related note, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $13.26.
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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