Shares of Integrated Device Technology, Inc. (NASDAQ:IDTI) have been given a consensus recommendation of “Buy” by the sixteen brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $32.50.

IDTI has been the topic of several recent analyst reports. KeyCorp restated a “buy” rating and issued a $30.00 target price on shares of Integrated Device Technology in a report on Tuesday, October 17th. Craig Hallum raised their target price on shares of Integrated Device Technology from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Dougherty & Co raised their target price on shares of Integrated Device Technology from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Needham & Company LLC restated a “buy” rating and issued a $36.00 target price on shares of Integrated Device Technology in a report on Tuesday, October 31st. Finally, Loop Capital raised their target price on shares of Integrated Device Technology from $29.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st.

Integrated Device Technology (IDTI) opened at $29.95 on Thursday. The company has a quick ratio of 4.80, a current ratio of 5.42 and a debt-to-equity ratio of 0.41. Integrated Device Technology has a fifty-two week low of $22.70 and a fifty-two week high of $33.92. The stock has a market cap of $3,965.12, a P/E ratio of 27.14, a PEG ratio of 2.88 and a beta of 1.96.

Integrated Device Technology (NASDAQ:IDTI) last issued its earnings results on Monday, October 30th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. Integrated Device Technology had a net margin of 13.32% and a return on equity of 19.65%. The firm had revenue of $204.40 million for the quarter, compared to analysts’ expectations of $200.99 million. During the same quarter last year, the business earned $0.34 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. research analysts forecast that Integrated Device Technology will post 1.15 EPS for the current fiscal year.

In related news, VP Chris Allexandre sold 1,028 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $32.23, for a total value of $33,132.44. Following the completion of the sale, the vice president now owns 49,936 shares of the company’s stock, valued at $1,609,437.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gordon W. Parnell sold 6,000 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $32.45, for a total value of $194,700.00. Following the completion of the sale, the director now directly owns 82,602 shares of the company’s stock, valued at approximately $2,680,434.90. The disclosure for this sale can be found here. Insiders sold 74,069 shares of company stock valued at $2,354,373 in the last ninety days. 1.24% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. Aperio Group LLC lifted its position in Integrated Device Technology by 13.4% during the second quarter. Aperio Group LLC now owns 32,523 shares of the semiconductor company’s stock valued at $839,000 after buying an additional 3,853 shares during the period. Russell Investments Group Ltd. lifted its position in Integrated Device Technology by 12.9% during the second quarter. Russell Investments Group Ltd. now owns 375,260 shares of the semiconductor company’s stock valued at $9,678,000 after buying an additional 42,987 shares during the period. Janney Montgomery Scott LLC purchased a new position in Integrated Device Technology during the second quarter valued at $296,000. World Asset Management Inc purchased a new position in Integrated Device Technology during the second quarter valued at $215,000. Finally, Sei Investments Co. lifted its position in Integrated Device Technology by 39.2% during the second quarter. Sei Investments Co. now owns 238,736 shares of the semiconductor company’s stock valued at $6,157,000 after buying an additional 67,250 shares during the period. 96.23% of the stock is owned by institutional investors.

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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)

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