News headlines about Integrated Device Technology (NASDAQ:IDTI) have been trending somewhat negative this week, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Integrated Device Technology earned a news sentiment score of 0.00 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 38 out of 100, indicating that recent media coverage is unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have effected Accern’s analysis:
- Integrated Device Technology, Inc. (IDTI) VP Mario Montana Sells 20,374 Shares (americanbankingnews.com)
- Integrated Device Technology, Inc. (NASDAQ:IDTI) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- IHS Markit Score Update: Drop in demand for ETFs holding Integrated Device Technology Inc is a negative sign for its shares (finance.yahoo.com)
- Integrated Device Technology’s (IDTI) “Underweight” Rating Reiterated at Barclays PLC (overnewsmagazine.com)
- Investor Update: Company Share Focus for Integrated Device Technology, Inc. (NASDAQ:IDTI) – Jonesboro Recorder (jonesbororecorder.com)
Integrated Device Technology (NASDAQ:IDTI) traded down 0.17% during mid-day trading on Friday, hitting $23.53. The company had a trading volume of 1,494,272 shares. Integrated Device Technology has a 12 month low of $19.02 and a 12 month high of $27.09. The company has a 50-day moving average price of $25.51 and a 200 day moving average price of $24.64. The firm has a market capitalization of $3.14 billion, a P/E ratio of 30.56 and a beta of 1.97.
Integrated Device Technology (NASDAQ:IDTI) last announced its earnings results on Monday, July 31st. The semiconductor company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $0.07. Integrated Device Technology had a net margin of 14.50% and a return on equity of 20.34%. The firm had revenue of $196.71 million for the quarter, compared to analyst estimates of $195.10 million. During the same period in the previous year, the company earned $0.36 EPS. Integrated Device Technology’s revenue was up 2.4% compared to the same quarter last year. Equities analysts forecast that Integrated Device Technology will post $1.49 EPS for the current fiscal year.
IDTI has been the subject of a number of recent research reports. Zacks Investment Research upgraded Integrated Device Technology from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Wednesday, July 5th. Needham & Company LLC restated a “buy” rating and issued a $28.00 target price on shares of Integrated Device Technology in a research report on Tuesday, April 18th. BidaskClub downgraded Integrated Device Technology from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 15th. Longbow Research initiated coverage on Integrated Device Technology in a research report on Friday, June 9th. They issued a “buy” rating and a $31.00 target price for the company. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on Integrated Device Technology in a research report on Monday, April 17th. They issued a “neutral” rating and a $24.00 target price for the company. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $27.67.
In other Integrated Device Technology news, SVP Sailesh Chittipeddi sold 4,538 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $24.04, for a total transaction of $109,093.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mario Montana sold 20,374 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $24.43, for a total value of $497,736.82. Following the transaction, the vice president now directly owns 67,443 shares of the company’s stock, valued at approximately $1,647,632.49. The disclosure for this sale can be found here. Insiders have sold 309,390 shares of company stock valued at $7,586,982 in the last three months. Insiders own 1.24% 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.
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