JP Morgan Initiates Coverage on Integrated Device Technology Inc to Overweight

JP Morgan Initiates Coverage on Integrated Device Technology Inc(NASDAQ:IDTI). The shares have been rated Overweight. The rating by JP Morgan was issued on Aug 18, 2016.

In a different note, On Aug 2, 2016, Barclays said it Maintains its rating on Integrated Device Technology Inc. In the research note, the firm Lowers the price-target to $21.00 per share. The shares have been rated ‘Underweight’ by the firm. On Aug 2, 2016, Needham said it Maintains its rating on Integrated Device Technology Inc. In the research note, the firm Lowers the price-target to $27.00 per share. The shares have been rated ‘Buy’ by the firm. Brean Capital said it Initiates Coverage on Integrated Device Technology Inc, according to a research note issued on May 23, 2016. The shares have been rated ‘Buy’ by the firm.

Integrated Device Technology Inc (IDTI) shares turned negative on Mondays trading session with the shares closing down -0.22 points or -1.08% at a volume of 15,92,661. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $20.47. The peak price level was also seen at $20.47 while the days lowest was $20.04. Finally the shares closed at $20.1. The 52-week high of the shares is $29.04 while the 52-week low is $16.2199. According to the latest information available, the market cap of the company is $2,700 M.

Integrated Device Technology Inc(IDTI) last announced its earnings results on Aug 1, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $192.13M. Analysts had an estimated revenue of $191.06M. Earnings per share were $0.36. Analysts had estimated an EPS of $0.36.

Several Insider Transactions has been reported to the SEC. On Aug 16, 2016, John A Schofield (director) sold 1,000 shares at $19.20 per share price.Also, On Jun 17, 2016, Mario Montana (VP, CHIEF SALES OFFICER) sold 15,508 shares at $22.83 per share price.On Jun 17, 2016, Brian C White (VP, CHIEF FINANCIAL OFFICER) sold 16,095 shares at $22.83 per share price, according to the Form-4 filing with the securities and exchange commission.

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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