Integrated Device Technology Inc (NASDAQ:IDTI) VP Mario Montana sold 22,000 shares of the stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $32.06, for a total value of $705,320.00. Following the sale, the vice president now owns 74,705 shares of the company’s stock, valued at $2,395,042.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
NASDAQ IDTI traded down $0.86 during trading hours on Friday, hitting $29.60. The company’s stock had a trading volume of 789,303 shares, compared to its average volume of 1,357,878. Integrated Device Technology Inc has a 52 week low of $22.70 and a 52 week high of $34.13. The stock has a market cap of $4,085.26, a price-to-earnings ratio of 25.96, a PEG ratio of 2.31 and a beta of 1.83. The company has a debt-to-equity ratio of 0.69, a quick ratio of 5.01 and a current ratio of 5.62.
Integrated Device Technology (NASDAQ:IDTI) last announced its quarterly earnings results on Monday, January 29th. The semiconductor company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $217.10 million for the quarter, compared to analysts’ expectations of $215.32 million. During the same quarter last year, the firm earned $0.35 EPS. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. sell-side analysts predict that Integrated Device Technology Inc will post 1.15 EPS for the current year.
A number of analysts have weighed in on the company. BidaskClub upgraded Integrated Device Technology from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 21st. KeyCorp increased their price objective on shares of Integrated Device Technology from $33.00 to $37.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Craig Hallum reissued a “buy” rating and set a $40.00 price objective (up previously from $36.00) on shares of Integrated Device Technology in a research report on Tuesday, January 30th. Barclays raised shares of Integrated Device Technology from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $28.00 to $33.00 in a research report on Wednesday, January 17th. Finally, Needham & Company LLC reissued a “buy” rating and set a $38.00 price objective (up previously from $36.00) on shares of Integrated Device Technology in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Integrated Device Technology has an average rating of “Buy” and a consensus target price of $33.36.
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Integrated Device Technology Company Profile
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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