Shares of Integrated Device Technology (IDTI) Sees Large Outflow of Money

Integrated Device Technology (IDTI): The stock had negative money flow to the tune of ($8.88 million) on Thursday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $4.37 million, whereas, the outflow of money on downticks was $13.24 million and the ratio between the two was 0.33. The block trade had a negative net money flow of ($8.54 million). On the other hand, downticks amounted to $8.54 million of the traded value, which shows distribution in the stock by traders. Integrated Device Technology (IDTI) closed with marginal gains of 24 cents to end the day at $19.68, an increase of 1.23% over the previous days close. The stock recorded -1.35% for the week.


Integrated Device Technology (IDTI) : 8 Wall Street analysts covering Integrated Device Technology (IDTI) believe that the average level the stock could reach for the short term is $25.63. The maximum price target given is $28 and the minimum target for short term is around $21, hence the standard deviation is calculated at $2.33. The stock has recorded a 20-day Moving Average of 7.79% and the 50-Day Moving Average is 8.1%.

Integrated Device Technology (NASDAQ:IDTI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.43 and $19.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.68, notching a gain of 1.23% for the day. The total traded volume was 2,243,707 . The stock had closed at $19.44 on the previous day.

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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