Integrated Device Technology, Inc. (NASDAQ:IDTI)‘s stock had its “buy” rating reiterated by equities research analysts at KeyCorp in a research note issued on Friday. They currently have a $30.00 target price on the semiconductor company’s stock. KeyCorp’s price objective suggests a potential upside of 19.90% from the stock’s current price.

A number of other equities analysts have also recently issued reports on IDTI. Loop Capital reissued a “buy” rating and issued a $29.00 target price on shares of Integrated Device Technology in a report on Tuesday, August 22nd. BidaskClub cut Integrated Device Technology from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research raised Integrated Device Technology from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Bank of America Corporation cut Integrated Device Technology from a “neutral” rating to an “underperform” rating and set a $27.00 price target for the company. in a report on Tuesday, August 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Integrated Device Technology in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $28.17.

Shares of Integrated Device Technology (NASDAQ:IDTI) traded up 1.25% on Friday, reaching $25.02. The company had a trading volume of 794,367 shares. The company’s 50-day moving average is $24.87 and its 200 day moving average is $24.49. The firm has a market capitalization of $3.34 billion, a PE ratio of 32.49 and a beta of 1.97. Integrated Device Technology has a 12 month low of $19.35 and a 12 month high of $27.09.

Integrated Device Technology (NASDAQ:IDTI) last issued its earnings results on Monday, July 31st. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.07. Integrated Device Technology had a return on equity of 20.34% and a net margin of 14.50%. The company had revenue of $196.71 million during the quarter, compared to analyst estimates of $195.10 million. During the same period in the previous year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. Equities analysts forecast that Integrated Device Technology will post $1.49 earnings per share for the current year.

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In other news, VP Mario Montana sold 20,374 shares of Integrated Device Technology stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $24.43, for a total value of $497,736.82. Following the completion of the sale, the vice president now directly owns 67,443 shares of the company’s stock, valued at approximately $1,647,632.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Matthew D. Brandalise sold 8,600 shares of Integrated Device Technology stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $24.36, for a total value of $209,496.00. The disclosure for this sale can be found here. Insiders sold a total of 221,541 shares of company stock valued at $5,398,165 over the last three months. Insiders own 1.24% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in Integrated Device Technology by 63.4% in the second quarter. FMR LLC now owns 9,999,837 shares of the semiconductor company’s stock valued at $257,896,000 after buying an additional 3,878,581 shares during the period. Snow Capital Management LP boosted its stake in Integrated Device Technology by 2,388.4% in the first quarter. Snow Capital Management LP now owns 1,207,492 shares of the semiconductor company’s stock valued at $28,581,000 after buying an additional 1,158,967 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in Integrated Device Technology by 57.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,487,425 shares of the semiconductor company’s stock valued at $64,151,000 after buying an additional 907,200 shares during the period. Chartwell Investment Partners LLC purchased a new stake in Integrated Device Technology during the first quarter valued at approximately $20,815,000. Finally, Alliancebernstein L.P. boosted its stake in Integrated Device Technology by 28.8% in the first quarter. Alliancebernstein L.P. now owns 3,093,168 shares of the semiconductor company’s stock valued at $73,215,000 after buying an additional 692,356 shares during the period. 95.90% of the stock is owned by institutional investors.

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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