Integrated Device Technology Sets New 12-Month High at $16.24 (IDTI)
Integrated Device Technology (NASDAQ:IDTI) hit a new 52-week high during mid-day trading on Tuesday , American Banking & Market News reports. The company traded as high as $16.24 and last traded at $16.23, with a volume of 1,869,143 shares traded. The stock had previously closed at $15.68.
Several analysts have recently commented on the stock. 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. 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $14.25.
The stock has a 50-day moving average of $14.97 and a 200-day moving average of $13.05. The company has a market cap of $2.415 billion and a price-to-earnings ratio of 21.42.
Integrated Device Technology (NASDAQ:IDTI) last released its earnings data on Monday, July 28th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts expect that Integrated Device Technology will post $0.73 EPS for the current fiscal year.
In other Integrated Device Technology news, Director John A. Schofield unloaded 12,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $15.00, for a total value of $180,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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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