Integrated Device Technology Inc (IDTI) was Initiated by ROTH Capital to “Buy”. ROTH Capital advised their investors in a research report released on Sep 29, 2016.
Many Wall Street Analysts have commented on Integrated Device Technology Inc. JP Morgan Initiated Integrated Device Technology Inc on Aug 18, 2016 to “Overweight”, Price Target of the shares are set at $26.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 Downgraded by Charter Equity to ” Mkt Perform” on Aug 2, 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 opened for trading at $21.51 and hit $22.51 on the upside on Tuesday, eventually ending the session at $22.45, with a gain of 3.70% or 0.8 points. The heightened volatility saw the trading volume jump to 24,64,732 shares. Company has a market cap of $3,016 M.
In a different news, on Aug 19, 2016, Mario Montana (VP, CHIEF SALES OFFICER) sold 217,254 shares at $19.65 per share price. According to the SEC, on Aug 16, 2016, John A Schofield (director) sold 1,000 shares at $19.20 per share price. On Jun 17, 2016, Brian C White (VP, CHIEF FINANCIAL OFFICER) sold 16,095 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.