Integrated Device Technology Reaches New 12-Month High at $16.65 (IDTI)
Integrated Device Technology (NASDAQ:IDTI) hit a new 52-week high on Friday , Analyst Ratings Net reports. The stock traded as high as $16.65 and last traded at $16.24, with a volume of 916,556 shares traded. The stock had previously closed at $16.38.
A number of research firms have recently commented on IDTI. 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 analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $14.25.
The stock has a 50-day moving average of $15.17 and a 200-day moving average of $13.38. The company has a market cap of $2.434 billion and a P/E ratio of 22.38.
Integrated Device Technology (NASDAQ:IDTI) last released its earnings data 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. Analysts expect that Integrated Device Technology will post $0.73 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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