Integrated Device Technology (IDTI) Earns Daily Coverage Optimism Rating of 0.21

Media coverage about Integrated Device Technology (NASDAQ:IDTI) has trended somewhat positive recently, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Integrated Device Technology earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 45.1944927246448 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the media stories that may have effected Accern’s scoring:

NASDAQ IDTI traded down $0.41 on Thursday, reaching $30.46. The company had a trading volume of 840,390 shares, compared to its average volume of 1,366,460. The firm has a market capitalization of $4,011.15, a P/E ratio of 26.72, a PEG ratio of 2.27 and a beta of 1.83. Integrated Device Technology has a 52-week low of $22.70 and a 52-week high of $34.13. The company has a current ratio of 5.62, a quick ratio of 5.01 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, beating analysts’ consensus estimates of $0.41 by $0.01. The business had revenue of $217.10 million during 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%. Integrated Device Technology’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 EPS. sell-side analysts predict that Integrated Device Technology will post 1.15 EPS for the current fiscal year.

IDTI has been the topic of a number of research reports. ValuEngine raised Integrated Device Technology from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. BidaskClub raised Integrated Device Technology from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 target price (up from $36.00) on shares of Integrated Device Technology in a research report on Tuesday, January 30th. Craig Hallum reaffirmed a “buy” rating and set a $40.00 target price (up from $36.00) on shares of Integrated Device Technology in a research report on Tuesday, January 30th. Finally, KeyCorp reaffirmed a “buy” rating on shares of Integrated Device Technology in a research report on Monday, January 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $33.36.

In other Integrated Device Technology news, CEO Gregory L. Waters sold 10,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $28.33, for a total value of $283,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory L. Waters sold 15,000 shares of the company’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $30.22, for a total value of $453,300.00. Following the completion of the transaction, the chief executive officer now owns 732,552 shares of the company’s stock, valued at approximately $22,137,721.44. The disclosure for this sale can be found here. Insiders sold a total of 150,349 shares of company stock valued at $4,747,248 in the last 90 days. Corporate insiders own 1.24% of the company’s stock.

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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.

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

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