Integrated Device Technology, Inc. (NASDAQ:IDTI)‘s stock had its “underweight” rating restated by research analysts at Barclays PLC in a note issued to investors on Friday.

IDTI has been the topic of a number of other research reports. Zacks Investment Research lowered Integrated Device Technology from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Longbow Research started coverage on Integrated Device Technology in a report on Friday, June 9th. They set a “buy” rating and a $31.00 price objective on the stock. Pacific Crest reaffirmed an “overweight” rating and set a $30.00 price objective on shares of Integrated Device Technology in a report on Wednesday, June 21st. BidaskClub lowered Integrated Device Technology from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 15th. Finally, Needham & Company LLC upped their price objective on Integrated Device Technology from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $27.38.

Shares of Integrated Device Technology (NASDAQ IDTI) traded down 2.0993% during trading on Friday, reaching $25.9339. 776,497 shares of the company traded hands. The stock’s 50 day moving average is $25.47 and its 200 day moving average is $24.58. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 32.4579 and a beta of 1.98. Integrated Device Technology has a 1-year low of $18.49 and a 1-year high of $26.67.

Integrated Device Technology (NASDAQ:IDTI) last released its earnings results on Monday, May 1st. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. The business had revenue of $175.70 million for the quarter, compared to analyst estimates of $175.05 million. Integrated Device Technology had a return on equity of 21.80% and a net margin of 15.17%. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 earnings per share. On average, analysts forecast that Integrated Device Technology will post $1.50 EPS for the current year.

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In other news, SVP Sailesh Chittipeddi sold 4,538 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $24.04, for a total value of $109,093.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory L. Waters sold 170,718 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $24.36, for a total value of $4,158,690.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 289,016 shares of company stock valued at $7,089,245. Insiders own 1.38% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Capstone Asset Management Co. raised its stake in shares of Integrated Device Technology by 0.6% in the second quarter. Capstone Asset Management Co. now owns 16,421 shares of the semiconductor company’s stock worth $423,000 after buying an additional 100 shares during the period. Oakbrook Investments LLC raised its stake in shares of Integrated Device Technology by 1.5% in the second quarter. Oakbrook Investments LLC now owns 9,850 shares of the semiconductor company’s stock worth $254,000 after buying an additional 150 shares during the period. Liberty Mutual Group Asset Management Inc. raised its stake in shares of Integrated Device Technology by 0.3% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 60,442 shares of the semiconductor company’s stock worth $1,431,000 after buying an additional 198 shares during the period. First Manhattan Co. raised its stake in shares of Integrated Device Technology by 1.5% in the first quarter. First Manhattan Co. now owns 13,400 shares of the semiconductor company’s stock worth $309,000 after buying an additional 200 shares during the period. Finally, State Treasurer State of Michigan raised its stake in shares of Integrated Device Technology by 0.4% in the first quarter. State Treasurer State of Michigan now owns 54,220 shares of the semiconductor company’s stock worth $1,283,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

About Integrated Device Technology

Integrated Device Technology, Inc develops system-level solutions that optimize its customers’ applications. The Company operates through two segments: the Communications, and the Computing, Consumer and Industrial. It offers products in radio frequency (RF), timing, wireless power transfer, serial switching, interfaces and sensing solutions.

Analyst Recommendations for Integrated Device Technology (NASDAQ:IDTI)

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