Press coverage about Integrated Device Technology (NASDAQ:IDTI) has trended somewhat positive on Sunday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Integrated Device Technology earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 46.2374959557756 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Integrated Device Technology, Inc. (IDTI) Cut to Hold at BidaskClub (americanbankingnews.com)
- Brokerages Set Integrated Device Technology, Inc. (IDTI) Target Price at $27.25 (ismboard.com)
- Integrated Device Technology, Inc. (IDTI) closes with a move of -0.74% and EchoStar Corporation (SATS) with share … - Stocks Gallery (stocksgallery.com)
- Insider Buying: Integrated Device Technology, Inc. (IDTI) Director Purchases 2,000 Shares of Stock (americanbankingnews.com)
- Integrated Device Technology, Inc. (NASDAQ:IDTI) Downgraded by Zacks Investment Research (americanbankingnews.com)
Shares of Integrated Device Technology (IDTI) traded up 0.04% during trading on Friday, reaching $24.20. 1,567,779 shares of the company’s stock were exchanged. Integrated Device Technology has a 12-month low of $18.49 and a 12-month high of $27.09. The stock has a 50-day moving average price of $25.65 and a 200 day moving average price of $24.66. The company has a market capitalization of $3.23 billion, a P/E ratio of 30.63 and a beta of 1.97.
Integrated Device Technology (NASDAQ:IDTI) last posted its quarterly earnings results on Monday, July 31st. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by $0.07. The company had revenue of $196.71 million during the quarter, compared to analyst estimates of $195.10 million. Integrated Device Technology had a net margin of 14.50% and a return on equity of 20.34%. Integrated Device Technology’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.36 EPS. Equities analysts expect that Integrated Device Technology will post $1.49 EPS for the current fiscal year.
Several analysts recently weighed in on the company. Zacks Investment Research downgraded Integrated Device Technology from a “hold” rating to a “sell” rating in a report on Thursday. Longbow Research assumed coverage on Integrated Device Technology in a report on Friday, June 9th. They issued a “buy” rating and a $31.00 price objective for the company. Needham & Company LLC lifted their price objective on Integrated Device Technology from $28.00 to $32.00 and gave the company a “buy” rating in a report on Friday, June 16th. Goldman Sachs Group, Inc. (The) assumed coverage on Integrated Device Technology in a report on Monday, April 17th. They issued a “neutral” rating and a $24.00 price objective for the company. Finally, Bank of America Corporation downgraded Integrated Device Technology from a “neutral” rating to an “underperform” rating and set a $27.00 price objective for the company. in a report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $27.67.
In other Integrated Device Technology news, SVP Sailesh Chittipeddi sold 4,538 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $24.04, for a total value of $109,093.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director S Kenneth Kannappan purchased 2,000 shares of Integrated Device Technology stock in a transaction on Thursday, August 3rd. The stock was bought at an average cost of $24.32 per share, for a total transaction of $48,640.00. Following the transaction, the director now directly owns 18,637 shares in the company, valued at $453,251.84. The disclosure for this purchase can be found here. Insiders sold a total of 289,016 shares of company stock worth $7,089,245 in the last ninety days. 1.38% of the stock is owned by corporate insiders.
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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