Integrated Device Technology Inc (NASDAQ:IDTI) SVP Brian C. White sold 8,417 shares of the company’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $32.50, for a total value of $273,552.50. Following the transaction, the senior vice president now directly owns 108,737 shares in the company, valued at $3,533,952.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Integrated Device Technology Inc (IDTI) traded down $1.14 during trading hours on Friday, reaching $28.77. 2,331,207 shares of the company’s stock traded hands, compared to its average volume of 1,686,818. Integrated Device Technology Inc has a one year low of $22.70 and a one year high of $34.13. The company has a debt-to-equity ratio of 0.69, a quick ratio of 4.80 and a current ratio of 5.62. The stock has a market capitalization of $3,910.00, a price-to-earnings ratio of -959.00, a price-to-earnings-growth ratio of 2.92 and a beta of 1.96.
Integrated Device Technology (NASDAQ:IDTI) last posted its quarterly earnings results on Monday, January 29th. The semiconductor company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.41 by $0.01. Integrated Device Technology had a negative net margin of 0.33% and a positive return on equity of 20.26%. The company had revenue of $217.10 million for the quarter, compared to analyst estimates of $215.32 million. During the same period in the prior year, the company earned $0.35 earnings per share. The firm’s revenue was up 23.1% on a year-over-year basis. research analysts predict that Integrated Device Technology Inc will post 1.15 EPS for the current year.
Several equities analysts recently issued reports on IDTI shares. Barclays upped their target price on Integrated Device Technology from $22.00 to $24.00 and gave the company an “underweight” rating in a research report on Wednesday, October 18th. ValuEngine raised Integrated Device Technology from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Zacks Investment Research raised Integrated Device Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Craig Hallum upped their target price on Integrated Device Technology from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Finally, Summit Redstone raised Integrated Device Technology from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $33.38.
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About Integrated Device Technology
Integrated Device Technology, Inc develops system-level solutions that optimize its customers’ applications. The Company operates through two segments: the Communications, and the Computing, Consumer and Industrial. It offers products in radio frequency (RF), timing, wireless power transfer, serial switching, interfaces and sensing solutions.
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