Press coverage about Integrated Device Technology (NASDAQ:IDTI) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Integrated Device Technology earned a news sentiment score of 0.03 on Accern’s scale. Accern also assigned news headlines about the semiconductor company an impact score of 45.5692334690658 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Is Integrated Device Technology, Inc. (IDTI) Stock is Risky? | Stocks … – Stocks Gallery (stocksgallery.com)
- IDT’s Newest Clock Generator is up to 60% More Energy Efficient than other Comparable Solutions – Marketwired (press release) (marketwired.com)
- Integrated Device Technology, Inc. (IDTI) Expected to Announce Quarterly Sales of $200.06 Million (americanbankingnews.com)
- Integrated Device Technology announces two new programmable clock generators (seekingalpha.com)
- Integrated Device Technology : IDT’s Newest Clock Generator is up to 60% More Energy Efficient than other Comparable Solutions (4-traders.com)
Integrated Device Technology (NASDAQ:IDTI) opened at 23.47 on Friday. The firm has a market capitalization of $3.13 billion, a P/E ratio of 30.48 and a beta of 1.97. Integrated Device Technology has a 1-year low of $19.35 and a 1-year high of $27.09. The stock’s 50 day moving average is $25.37 and its 200-day moving average is $24.58.
Integrated Device Technology (NASDAQ:IDTI) last issued its quarterly earnings data on Monday, July 31st. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by $0.07. The business had revenue of $196.71 million for the quarter, compared to analyst estimates of $195.10 million. Integrated Device Technology had a net margin of 14.50% and a return on equity of 20.34%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 earnings per share. Analysts forecast that Integrated Device Technology will post $1.49 EPS for the current year.
Several analysts have recently commented on the company. BidaskClub cut Integrated Device Technology from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Bank of America Corporation lowered Integrated Device Technology from a “neutral” rating to an “underperform” rating and set a $27.00 price objective for the company. in a report on Tuesday, August 1st. Needham & Company LLC restated a “buy” rating on shares of Integrated Device Technology in a report on Tuesday, August 1st. Longbow Research initiated coverage on Integrated Device Technology in a report on Friday, June 9th. They set a “buy” rating and a $31.00 target price on the stock. Finally, Zacks Investment Research upgraded Integrated Device Technology from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Wednesday, July 5th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $27.67.
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In other news, VP Matthew D. Brandalise sold 8,600 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $24.36, for a total value of $209,496.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director S Kenneth Kannappan purchased 2,000 shares of the stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average cost of $24.32 per share, for a total transaction of $48,640.00. Following the transaction, the director now owns 18,637 shares of the company’s stock, valued at $453,251.84. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 261,731 shares of company stock worth $6,441,260. Insiders own 1.24% 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.
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