Integrated Device Technology Inc (NASDAQ:IDTI) VP Mario Montana sold 22,000 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $32.06, for a total value of $705,320.00. Following the completion of the transaction, the vice president now directly owns 74,705 shares of the company’s stock, valued at $2,395,042.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Integrated Device Technology Inc (NASDAQ:IDTI) opened at $32.84 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 5.01 and a current ratio of 5.62. The firm has a market capitalization of $4,350.00, a P/E ratio of 44.99, a PEG ratio of 3.19 and a beta of 1.87. Integrated Device Technology Inc has a 52 week low of $22.70 and a 52 week high of $34.13.
Integrated Device Technology (NASDAQ:IDTI) last announced its earnings results on Monday, January 29th. The semiconductor company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. Integrated Device Technology had a positive return on equity of 20.26% and a negative net margin of 0.33%. The business had revenue of $217.10 million during the quarter, compared to the consensus estimate of $215.32 million. During the same period in the prior year, the company posted $0.35 EPS. The business’s quarterly revenue was up 23.1% on a year-over-year basis. research analysts anticipate that Integrated Device Technology Inc will post 1.15 earnings per share for the current year.
A number of research analysts have issued reports on IDTI shares. Zacks Investment Research downgraded Integrated Device Technology from a “hold” rating to a “strong sell” rating in a report on Friday, February 2nd. Barclays raised Integrated Device Technology from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $28.00 to $33.00 in a report on Wednesday, January 17th. KeyCorp upped their target price on Integrated Device Technology from $33.00 to $37.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. BidaskClub raised Integrated Device Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, January 24th. Finally, ValuEngine downgraded Integrated Device Technology from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $33.36.
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About Integrated Device Technology
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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