Integrated Device Technology Receives Average Rating of “Hold” from Analysts (NASDAQ:IDTI)
Integrated Device Technology (NASDAQ:IDTI) has earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, Stock Ratings Network reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $14.26.
A number of analysts have recently weighed in on IDTI shares. Analysts at Craig Hallum reiterated a “buy” rating on shares of Integrated Device Technology in a research note on Tuesday, July 29th. They now have a $20.00 price target on the stock. Separately, 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. Finally, 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.
Shares of Integrated Device Technology (NASDAQ:IDTI) opened at 14.54 on Wednesday. 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 $14.94 and its 200-day moving average is $12.69. The company has a market cap of $2.171 billion and a P/E ratio of 19.62.
Integrated Device Technology (NASDAQ:IDTI) last announced its earnings results on Monday, July 28th. The company reported $0.17 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.40 by $0.23. The company had revenue of $126.30 million for the quarter, compared to the consensus estimate of $480.40 million. During the same quarter last year, the company posted $0.05 earnings per share. Integrated Device Technology’s revenue was up 6.5% compared to the same quarter last year. On average, analysts predict that Integrated Device Technology will post $0.72 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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