Integrated Device Technology (NASDAQ:IDTI) has tumbled 6.53% during the past week and has dropped 1.23% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 5.41%. Integrated Device Technology (NASDAQ:IDTI) has underperformed the index by 2.13% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Integrated Device Technology (NASDAQ:IDTI): The stock opened at $22.18 on Friday but the bulls could not build on the opening and the stock topped out at $22.35 for the day. The stock traded down to $21.49 during the day, due to lack of any buying support eventually closed down at $21.75 with a loss of -2.07% for the day. The stock had closed at $22.21 on the previous day. The total traded volume was 5,706,275 shares.
The company shares have dropped -7.80% from its 1 Year high price. On Dec 3, 2015, the shares registered one year high at $29.04 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $21.84 and the 200 Day Moving Average price is recorded at $22.20.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (VP, CHIEF SALES OFFICER) of Integrated Device Technology Inc, Montana Mario had sold 15,508 shares worth of $354,048 in a transaction dated June 15, 2016. In this transaction, 15,508 shares were sold at $22.83 per share.
Many analysts have stated their opinion on the company shares. Brean Capital initiates coverage on Integrated Device Technology (NASDAQ:IDTI) The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency announces the price target to $26 per share. The rating by the firm was issued on May 23, 2016. Currently the company Insiders own 1.25% of Integrated Device Technology shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -11.93% . Institutional Investors own 93.11% of Integrated Device Technology shares. During last six month period, the net percent change held by insiders has seen a change of -11.93%.
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.