Integrated Device Technology (IDTI) : The consensus on Integrated Device Technology (IDTI) based on 9 analyst recommendation on the company stock is 1.67, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Integrated Device Technology (IDTI) : Currently there are 8 street experts covering Integrated Device Technology (IDTI) stock. The most bullish and bearish price target for the stock is $28 and $19 respectively for the short term. The average price target of all the analysts comes to $24.5. The estimated standard deviation from the target is $2.67.
For the current week, the company shares have a recommendation consensus of Buy. Integrated Device Technology (NASDAQ:IDTI): The stock opened at $19.10 on Thursday but the bulls could not build on the opening and the stock topped out at $19.16 for the day. The stock traded down to $18.76 during the day, due to lack of any buying support eventually closed down at $18.89 with a loss of -0.68% for the day. The stock had closed at $19.02 on the previous day. The total traded volume was 1,176,289 shares.
In a related news, The officer (VP, CHIEF SALES OFFICER), of Integrated Device Technology Inc, Montana Mario had unloaded 15,508 shares at $22.83 per share in a transaction on June 15, 2016. The total value of transaction was $354,048. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.