News coverage about Integrated Device Technology (NASDAQ:IDTI) has trended somewhat negative on Monday, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Integrated Device Technology earned a news impact score of -0.06 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 49 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Integrated Device Technology, Inc. (IDTI) Stock Rating Reaffirmed by Pacific Crest (americanbankingnews.com)
- The Integrated Device Technology (IDTI) Earns Daily Coverage Optimism Rating of (ibusinesslines.com)
- Integrated Device Technology, Inc. (IDTI) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
- IDT to Showcase Contactless Position Sensors at Sensors Expo 2017 – Marketwired (press release) (marketwired.com)
- Integrated Device Technology Inc (IDTI) Stock Faces Lower Risks Forward After Forming Bullish Double Top Pattern – WeeklyHub (weeklyhub.com)
Shares of Integrated Device Technology (NASDAQ IDTI) traded up 1.08% during trading on Monday, hitting $25.32. 165,019 shares of the company traded hands. The firm has a 50 day moving average price of $24.48 and a 200-day moving average price of $24.37. Integrated Device Technology has a one year low of $18.49 and a one year high of $26.66. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 31.69 and a beta of 1.93.
Integrated Device Technology (NASDAQ:IDTI) last announced its earnings results on Monday, May 1st. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. Integrated Device Technology had a net margin of 15.17% and a return on equity of 21.80%. The company had revenue of $175.70 million during the quarter, compared to analysts’ expectations of $175.05 million. During the same period last year, the company posted $0.36 earnings per share. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. Analysts predict that Integrated Device Technology will post $1.50 EPS for the current year.
Several analysts have issued reports on IDTI shares. Zacks Investment Research raised shares of Integrated Device Technology from a “sell” rating to a “hold” rating in a report on Tuesday, March 7th. BidaskClub downgraded shares of Integrated Device Technology from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 15th. Pacific Crest reaffirmed an “overweight” rating and issued a $30.00 price target on shares of Integrated Device Technology in a report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) started coverage on shares of Integrated Device Technology in a report on Monday, April 17th. They issued a “neutral” rating and a $24.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 price target on shares of Integrated Device Technology in a report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. Integrated Device Technology currently has an average rating of “Buy” and a consensus price target of $26.77.
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In related news, VP Mario Montana sold 4,305 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $24.04, for a total transaction of $103,492.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Sailesh Chittipeddi sold 2,834 shares of the firm’s stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $23.21, for a total transaction of $65,777.14. Following the sale, the senior vice president now owns 172,633 shares of the company’s stock, valued at $4,006,811.93. The disclosure for this sale can be found here. Over the last quarter, insiders sold 291,850 shares of company stock valued at $7,155,023. Corporate insiders own 1.38% of the company’s stock.
Integrated Device Technology Company Profile
Integrated Device Technology, Inc develops system-level solutions that optimize its customers’ applications. The Company operates through two segments: the Communications, and the Computing, Consumer and Industrial. It offers products in radio frequency (RF), timing, wireless power transfer, serial switching, interfaces and sensing solutions.
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