News stories about Integrated Device Technology (NASDAQ:IDTI) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of 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 closest to one being the most favorable. Integrated Device Technology earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 46.2163515438837 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s rankings:
Integrated Device Technology (NASDAQ IDTI) traded up $0.39 during midday trading on Wednesday, reaching $27.88. 1,593,777 shares of the company’s stock traded hands, compared to its average volume of 1,713,877. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.62 and a quick ratio of 5.01. The stock has a market capitalization of $3,678.98, a price-to-earnings ratio of -916.03, a price-to-earnings-growth ratio of 2.71 and a beta of 1.96. Integrated Device Technology has a 52 week low of $22.70 and a 52 week high of $34.13.
Integrated Device Technology (NASDAQ:IDTI) last released its earnings results on Monday, January 29th. The semiconductor company reported $0.42 earnings per share for the quarter, topping the 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 last year, the company earned $0.35 earnings per share. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. research analysts anticipate that Integrated Device Technology will post 1.15 EPS for the current fiscal year.
IDTI has been the topic of several research analyst reports. Roth Capital upped their target price on shares of Integrated Device Technology from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Summit Redstone upgraded shares of Integrated Device Technology from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Craig Hallum raised 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. Dougherty & Co raised their target price on shares of Integrated Device Technology from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Finally, Needham & Company LLC restated a “buy” rating and set a $36.00 target price on shares of Integrated Device Technology in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $33.38.
In related news, SVP Brian C. White sold 23,297 shares of Integrated Device Technology stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $34.00, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Sailesh Chittipeddi sold 5,045 shares of Integrated Device Technology stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $31.23, for a total value of $157,555.35. The disclosure for this sale can be found here. Insiders sold 91,120 shares of company stock valued at $2,897,646 over the last 90 days. 1.24% of the stock is currently owned by corporate insiders.
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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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