Somewhat Positive Press Coverage Somewhat Unlikely to Affect Integrated Device Technology (NASDAQ:IDTI) Share Price

Headlines about Integrated Device Technology (NASDAQ:IDTI) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Integrated Device Technology earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 46.2154761026504 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news stories that may have effected Accern’s analysis:

How to Become a New Pot Stock Millionaire

A number of equities analysts recently commented on IDTI shares. Zacks Investment Research cut Integrated Device Technology from a “hold” rating to a “strong sell” rating in a report on Friday, February 2nd. Barclays upgraded Integrated Device Technology from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $28.00 to $33.00 in a report on Wednesday, January 17th. KeyCorp raised their target price on Integrated Device Technology from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. BidaskClub upgraded Integrated Device Technology from a “hold” rating to a “buy” rating in a report on Wednesday, January 24th. Finally, ValuEngine cut Integrated Device Technology from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Integrated Device Technology currently has a consensus rating of “Buy” and a consensus target price of $33.36.

Shares of Integrated Device Technology stock traded down $0.53 during midday trading on Thursday, hitting $32.68. The stock had a trading volume of 299,227 shares, compared to its average volume of 1,413,049. The firm has a market cap of $4,327.44, a price-to-earnings ratio of -1,091.97, a PEG ratio of 3.18 and a beta of 1.88. Integrated Device Technology has a 1-year low of $22.70 and a 1-year high of $34.13. The company has a quick ratio of 5.01, a current ratio of 5.62 and a debt-to-equity ratio of 0.69.

Integrated Device Technology (NASDAQ:IDTI) last released its quarterly earnings results on Monday, January 29th. The semiconductor company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.41 by $0.01. The company had revenue of $217.10 million for the quarter, compared to analyst estimates of $215.32 million. Integrated Device Technology had a positive return on equity of 20.26% and a negative net margin of 0.33%. The firm’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. sell-side analysts forecast that Integrated Device Technology will post 1.15 earnings per share for the current year.

In other Integrated Device Technology news, SVP Sailesh Chittipeddi sold 25,000 shares of Integrated Device Technology stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $32.37, for a total transaction of $809,250.00. Following the transaction, the senior vice president now owns 178,078 shares of the company’s stock, valued at $5,764,384.86. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gregory L. Waters sold 10,000 shares of Integrated Device Technology stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $28.33, for a total value of $283,300.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,766 shares of company stock worth $4,567,500. 1.24% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: “Somewhat Positive Press Coverage Somewhat Unlikely to Affect Integrated Device Technology (NASDAQ:IDTI) Share Price” was published by BBNS and is the sole property of of BBNS. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://baseballnewssource.com/2018/03/22/somewhat-favorable-news-coverage-somewhat-unlikely-to-affect-integrated-device-technology-idti-stock-price/1927604.html.

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.

Insider Buying and Selling by Quarter for Integrated Device Technology (NASDAQ:IDTI)

Receive News & Ratings for Integrated Device Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Integrated Device Technology and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Almora Jr. and Baez Could Become Cubs new One-Two Tandem
Almora Jr. and Baez Could Become Cubs new One-Two Tandem
Red Sox Tie Record for Best Start After 17 Games
Red Sox Tie Record for Best Start After 17 Games
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Rick Porcello’s Strong Start Gives Boost to Red Sox
Rick Porcello’s Strong Start Gives Boost to Red Sox
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Xander Bogaerts Goes on Red Sox DL
Xander Bogaerts Goes on Red Sox DL


Leave a Reply

 
© 2006-2018 BBNS.