Integrated Device Technology (IDTI) : Analyst Rating Update

Integrated Device Technology (IDTI) : 6 brokerage houses believe that Integrated Device Technology (IDTI) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 1.67.

Integrated Device Technology (IDTI) stock is expected to deviate a maximum of $2.33 from the average target price of $25.63 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $28 and the most muted being $21.

Integrated Device Technology (NASDAQ:IDTI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.03 and $18.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.44, notching a gain of 1.25% for the day. The total traded volume was 1,871,126 . The stock had closed at $19.20 on the previous day.

Also, Brean Capital initiates coverage on Integrated Device Technology (NASDAQ:IDTI) . The global brokerage major announces a current price target of $26 per share. Analysts at the Brean Capital have a current rating of Buy on the shares. The rating by the firm was issued on May 23, 2016. The company shares have dropped -6.11% from its 1 Year high price. On Dec 3, 2015, the shares registered one year high at $29.04 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $21.92 and the 200 Day Moving Average price is recorded at $21.42.

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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