Impact of Brokerage Rating on Integrated Device Technology, Inc.(IDTI)

Many Integrated Device Technology, Inc.(IDTI) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by Needham on Jan 31, 2017 to Buy, Raises Price Target to $ 28 from a previous price target of $25 .Integrated Device Technology Inc was Resumed by Pacific Crest to Overweight on Jan 4, 2017. Integrated Device Technology Inc was Initiated by Loop Capital to Buy on Dec 6, 2016.

Company has reported several Insider transactions to the SEC, on Nov 28, 2016, Matthew D Brandalise (VP GENERAL COUNSEL) sold 9,500 shares at 25.53 per share price.On Nov 17, 2016, Norman P Taffe (director) sold 7,000 shares at 24.35 per share price.On Nov 17, 2016, John A Schofield (director) sold 5,000 shares at 24.68 per share price.

Integrated Device Technology Inc Last issued its quarterly earnings results on Jan 30, 2017. The company reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.34. The company had revenue of $176.40 million for the quarter, compared to analysts expectations of $176.20 million. The companys revenue was down -.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.35 EPS.

Integrated Device Technology, Inc. (NASDAQ:IDTI) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 1.36 by 11 Brokerage Firm. 8 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 1 Brokerage Firms have advised hold.

Integrated Device Technology, Inc. (NASDAQ:IDTI): The stock price is expected to reach $ 26.3 in the short term. The number of analysts agreeing with this consensus is 10. The higher estimate for the short term price target is at $30 while the lower estimate is at $19. The standard deviation of the price stands at $3.4.

Integrated Device Technology, Inc. (NASDAQ:IDTI) rose 0.61% or 0.15 points on Tuesday and made its way into the gainers of the day. After trading began at $24.76 the stock was seen hitting $25.01 as a peak level and $24.54 as the lowest level. The stock ended up at $24.88. The daily volume was measured at 1,324,984 shares. The 52-week high of the share price is $26.66 and the 52-week low is $16.96. The company has a market cap of $3,319 million.

Integrated Device Technology, Inc. designs, develops, manufactures and markets a broad range of high-performance semiconductor products and modules. Applications for the companys products include data and telecommunications equipment, such as routers, hubs, switches, cellular base stations and other devices; personal computers; and networked peripherals and servers, such as RAID arrays, servers, and printers.


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