Press coverage about Integrated Device Technology (NASDAQ:IDTI) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Integrated Device Technology earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 45.7123791947887 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
IDTI has been the subject of several recent research reports. Barclays lifted their target price on shares of Integrated Device Technology from $22.00 to $24.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 18th. ValuEngine upgraded shares of Integrated Device Technology from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Zacks Investment Research upgraded shares of Integrated Device Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Craig Hallum lifted their target price on shares of Integrated Device Technology from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Finally, Summit Redstone upgraded shares of Integrated Device Technology from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $33.38.
Integrated Device Technology (NASDAQ IDTI) traded down $0.08 during mid-day trading on Wednesday, hitting $29.90. 2,974,309 shares of the stock were exchanged, compared to its average volume of 1,657,247. The company has a debt-to-equity ratio of 0.62, a current ratio of 5.42 and a quick ratio of 4.80. Integrated Device Technology has a one year low of $22.70 and a one year high of $34.13. The company has a market capitalization of $4,453.95, a price-to-earnings ratio of -996.33, a P/E/G ratio of 3.24 and a beta of 1.97.
Integrated Device Technology (NASDAQ:IDTI) last released its quarterly earnings data on Monday, January 29th. The semiconductor company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. Integrated Device Technology had a negative net margin of 0.33% and a positive return on equity of 19.80%. The company had revenue of $217.10 million during the quarter, compared to analyst estimates of $215.32 million. During the same period last year, the business earned $0.35 earnings per share. Integrated Device Technology’s revenue was up 23.1% compared to the same quarter last year. analysts anticipate that Integrated Device Technology will post 1.15 EPS for the current fiscal year.
In other Integrated Device Technology news, SVP Brian C. White sold 23,297 shares of Integrated Device Technology stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $34.00, for a total transaction of $792,098.00. Following the completion of the sale, the senior vice president now directly owns 131,272 shares in the company, valued at $4,463,248. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Chris Allexandre sold 1,028 shares of Integrated Device Technology stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $32.23, for a total transaction of $33,132.44. Following the sale, the vice president now owns 49,936 shares of the company’s stock, valued at $1,609,437.28. The disclosure for this sale can be found here. Insiders sold 144,144 shares of company stock valued at $4,616,464 over the last 90 days. 1.24% of the stock is owned by company insiders.
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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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