Integrated Device Technology (IDTI) Shares are Up 6.19%

Integrated Device Technology (IDTI) has been under a strong bear grip, hence the stock is down -5.3% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 6.23% in the past 1 week. The stock has risen by 6.19% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.94% in the past 4 weeks.

Integrated Device Technology, Inc. has dropped 7.36% during the last 3-month period . Year-to-Date the stock performance stands at -22.58%. The stock has recorded a 20-day Moving Average of 0.98% and the 50-Day Moving Average is 1.96%.


Integrated Device Technology (NASDAQ:IDTI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.97 and $19.88 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.40, notching a gain of 1.95% for the day. The total traded volume was 3,610,760 . The stock had closed at $20.01 on the previous day.

Also, JP Morgan initiates coverage on Integrated Device Technology (NASDAQ:IDTI). The shares have now been rated Overweight by the stock experts at the ratings house. JP Morgan announces the current price target of $26 per share on Integrated Device Technology . The rating by the firm was issued on August 18, 2016.

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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