Integrated Device Technology, Inc. (NASDAQ:IDTI)‘s stock had its “overweight” rating reaffirmed by KeyCorp in a research report issued to clients and investors on Thursday.

Several other research firms have also weighed in on IDTI. Zacks Investment Research raised Integrated Device Technology from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Wednesday, July 5th. Loop Capital reaffirmed a “buy” rating and issued a $29.00 target price on shares of Integrated Device Technology in a research report on Tuesday, August 22nd. BidaskClub cut Integrated Device Technology from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 15th. Needham & Company LLC reaffirmed a “buy” rating on shares of Integrated Device Technology in a research report on Tuesday, August 1st. Finally, Barclays PLC reaffirmed an “underweight” rating on shares of Integrated Device Technology in a research report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $28.17.

Integrated Device Technology (IDTI) traded up 1.89% during trading on Thursday, hitting $27.49. The stock had a trading volume of 2,138,478 shares. The firm’s 50-day moving average price is $24.60 and its 200-day moving average price is $24.51. Integrated Device Technology has a 1-year low of $19.38 and a 1-year high of $27.70. The stock has a market cap of $3.67 billion, a PE ratio of 35.70 and a beta of 1.99.

Integrated Device Technology (NASDAQ:IDTI) last released its quarterly earnings data on Monday, July 31st. The semiconductor company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.07). The company had revenue of $196.71 million for the quarter, compared to the consensus estimate of $195.10 million. Integrated Device Technology had a return on equity of 20.34% and a net margin of 14.50%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 earnings per share. On average, equities research analysts predict that Integrated Device Technology will post $1.49 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This story was first posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/09/14/integrated-device-technology-inc-idti-given-overweight-rating-at-keycorp.html.

In related news, VP Mario Montana sold 20,374 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $24.43, for a total transaction of $497,736.82. Following the completion of the sale, the vice president now directly owns 67,443 shares in the company, valued at $1,647,632.49. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director S Kenneth Kannappan acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were purchased at an average price of $24.32 per share, with a total value of $48,640.00. Following the completion of the acquisition, the director now owns 18,637 shares of the company’s stock, valued at approximately $453,251.84. The disclosure for this purchase can be found here. 1.24% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the stock. Alps Advisors Inc. raised its holdings in shares of Integrated Device Technology by 0.3% during the second quarter. Alps Advisors Inc. now owns 19,844 shares of the semiconductor company’s stock worth $512,000 after acquiring an additional 51 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Integrated Device Technology by 0.3% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 23,071 shares of the semiconductor company’s stock worth $464,000 after acquiring an additional 78 shares in the last quarter. Capstone Asset Management Co. raised its holdings in shares of Integrated Device Technology by 0.6% during the second quarter. Capstone Asset Management Co. now owns 16,421 shares of the semiconductor company’s stock worth $423,000 after acquiring an additional 100 shares in the last quarter. Oakbrook Investments LLC raised its holdings in shares of Integrated Device Technology by 1.5% during the second quarter. Oakbrook Investments LLC now owns 9,850 shares of the semiconductor company’s stock worth $254,000 after acquiring an additional 150 shares in the last quarter. Finally, Autus Asset Management LLC raised its holdings in shares of Integrated Device Technology by 0.3% during the second quarter. Autus Asset Management LLC now owns 59,545 shares of the semiconductor company’s stock worth $1,536,000 after acquiring an additional 175 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Integrated Device Technology Company Profile

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)

Receive News & Ratings for Integrated Device Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Integrated Device Technology Inc. and related companies with MarketBeat.com's FREE daily email newsletter.