Integrated Device Technology Inc (IDTI) is Downgraded by Charter Equity to Mkt Perform

Integrated Device Technology Inc (IDTI) was Downgraded by Charter Equity to ” Mkt Perform”. Earlier the firm had a rating of “Buy ” on the company shares. Charter Equity advised their investors in a research report released on Aug 2, 2016.

Many Wall Street Analysts have commented on Integrated Device Technology Inc. Shares were Reiterated by Dougherty & Company on Aug 2, 2016 to “Buy” and Lowered the Price Target to $ 26 from a previous price target of $28 .Integrated Device Technology Inc was Upgraded by BofA/Merrill to ” Buy” on May 11, 2016.

On the company’s financial health, Integrated Device Technology Inc reported $0.36 EPS for the quarter, based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus estimate of $0.36. The company had revenue of $192.10 million for the quarter, compared to analysts expectations of $191.11 million. The company’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Integrated Device Technology Inc closed down -0.29 points or -1.30% at $21.99 with 31,47,950 shares getting traded on Friday. Post opening the session at $22.16, the shares hit an intraday low of $21.71 and an intraday high of $22.17 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jun 17, 2016, Mario Montana (VP, CHIEF SALES OFFICER) sold 15,508 shares at $22.83 per share price. According to the SEC, on Jun 17, 2016, Brian C White (VP, CHIEF FINANCIAL OFFICER) sold 16,095 shares at $22.83 per share price. On Jun 17, 2016, Gregory L Waters (PRESIDENT & CEO) sold 160,418 shares at $22.83 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Integrated Device Technology Inc

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