Analyst Price Target Update on Integrated Device Technology (NASDAQ:IDTI)

Integrated Device Technology (NASDAQ:IDTI): The stock price is expected to reach $ 26.25 in the short term. The number of analysts agreeing with this consensus is 8. The higher estimate for the short term price target is at $28 while the lower estimate is at $21. The standard deviation of the price stands at $2.31.

Many analysts have stated their opinion on the company shares. Brean Capital initiates coverage on Integrated Device Technology (NASDAQ:IDTI). Brean Capital has a Buy rating on the shares. As per the latest report, the brokerage house announces the price target to $26 per share. The rating by the firm was issued on May 23, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Fan Xianzhi Sean, officer (VP BUSINESS UNIT) of Integrated Device Technology Inc, had unloaded 49,584 shares at an average price of $23.59 in a transaction dated on June 1, 2016. The total value of the transaction was worth $1,169,687.

Integrated Device Technology (NASDAQ:IDTI) : On Monday heightened volatility was witnessed in Integrated Device Technology (NASDAQ:IDTI) which led to swings in the share price. The stock opened for trading at $23.19 and hit $23.66 on the upside , eventually ending the session at $23.29, with a gain of 0.09% or 0.02 points. The heightened volatility saw the trading volume jump to 1,413,591 shares. The 52-week high of the share price is $29.04 and the company has a market cap of $3,112 million. The 52-week low of the share price is at $14.5 .

Integrated Device Technology, Inc. (IDT) is a developer of mixed-signal semiconductor solutions. The Company offers semiconductors for communications infrastructure in both wired and wireless. It designs, develops, manufactures and markets a range of semiconductor. It operates in two segments: the Communications segment and the Computing and Consumer segment. Its Communications segment includes clock and timing solutions, flow-control management devices, including Serial RapidIO switching solutions and radio frequency (RF) products. Its Computing and Consumer segment includes clock generation and distribution products, server memory interface products, PCI Express switching solutions, power management solutions and signal integrity products. It offers communications timing products, serial rapidIO solutions, RF products, consumer and computing timing products, memory interface products, PCI express switching solutions, power management solutions and signal integrity products.

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