Price Target Update on Integrated Device Technology (NASDAQ:IDTI)

Integrated Device Technology (NASDAQ:IDTI) stock is expected to deviate a maximum of $2.31 from the average target price of $26.25 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $28 and the most muted being $21.

Other Equity analysts have also commented 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.

Integrated Device Technology (NASDAQ:IDTI): stock turned positive on Thursday. Though the stock opened at $21.5, the bulls momentum made the stock top out at $21.73 level for the day. The stock recorded a low of $21.43 and closed the trading day at $21.71, in the green by 2.21%. The total traded volume for the day was 2,010,389. The stock had closed at $21.24 in the previous days trading.

The company shares have dropped -6.35% 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 $22.03 and the 200 Day Moving Average price is recorded at $21.96. 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.

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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