Integrated Device Technology (IDTI) Receives Price Target

Integrated Device Technology (IDTI) : 9 Wall Street analysts covering Integrated Device Technology (IDTI) believe that the average level the stock could reach for the short term is $24.33. The maximum price target given is $28 and the minimum target for short term is around $19, hence the standard deviation is calculated at $2.55.

Integrated Device Technology (IDTI) has an average broker rating of 1.6, which is interpreted as a Buy, as rated by 10 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.


Also, JP Morgan initiates coverage on Integrated Device Technology (NASDAQ:IDTI) The current rating of the shares is Overweight. Equity Analysts at the Firm announces the price target to $26 per share. The rating by the firm was issued on August 18, 2016.

Integrated Device Technology (NASDAQ:IDTI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.03 and $20.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.51, notching a gain of 2.09% for the day. The total traded volume was 1,509,599 . The stock had closed at $20.09 on the previous day.

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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