Integrated Device Technology (IDTI) Shares are Up 6.21%

Integrated Device Technology (IDTI) : Traders are bullish on Integrated Device Technology (IDTI) as it has outperformed the S&P 500 by a wide margin of 11.98% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.03%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.21% in the last 1 week, and is up 11.38% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 9.61% and the 50-Day Moving Average is 12.28%.The 200 Day SMA reached 8.47%


Integrated Device Technology (NASDAQ:IDTI): After opening at $22.84, the stock dipped to an intraday low of $22.021 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $23.2 and the buying power remained strong till the end. The stock closed at $23.1 for the day, a gain of 1.58% for the day session. The total traded volume was 2,050,101. The stocks close on the previous trading day was $23.1.

Integrated Device Technology (IDTI) stock is expected to deviate a maximum of $2.26 from the average target price of $24.11 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $26 and the most muted being $19.

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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