Analyst Rating Update on Integrated Device Technology (IDTI)

Integrated Device Technology (IDTI) has an average broker rating of 1.67, which is interpreted as a Buy, as rated by 9 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Integrated Device Technology (IDTI) : Average target price received by Integrated Device Technology (IDTI) is $25.63 with an expected standard deviation of $2.33. The most aggressive target on the stock is $28, whereas the most downbeat target is $21. 8 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, Brean Capital initiates coverage on Integrated Device Technology (NASDAQ:IDTI). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $26 per share. The rating by the firm was issued on May 23, 2016.


Integrated Device Technology (NASDAQ:IDTI): The stock opened at $19.57 on Wednesday but the bulls could not build on the opening and the stock topped out at $19.73 for the day. The stock traded down to $18.49 during the day, due to lack of any buying support eventually closed down at $18.71 with a loss of -4.35% for the day. The stock had closed at $19.56 on the previous day. The total traded volume was 7,612,969 shares.

Integrated Device Technology, Inc. (IDT) is a developer of mixed-signal semiconductor solutions. The Company offers semiconductors for communications infrastructure in both wired and wireless. It designs, develops, manufactures and markets a range of semiconductor. It operates in two segments: the Communications segment and the Computing and Consumer segment. Its Communications segment includes clock and timing solutions, flow-control management devices, including Serial RapidIO switching solutions and radio frequency (RF) products. Its Computing and Consumer segment includes clock generation and distribution products, server memory interface products, PCI Express switching solutions, power management solutions and signal integrity products. It offers communications timing products, serial rapidIO solutions, RF products, consumer and computing timing products, memory interface products, PCI express switching solutions, power management solutions and signal integrity products.

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