News articles about Integrated Device Technology (NASDAQ:IDTI) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog 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 0.07 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 45.5408223327563 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Integrated Device Technology, Inc. (IDTI) VP Mario Montana Sells 20,374 Shares (americanbankingnews.com)
- Integrated Device Technology, Inc. (NASDAQ:IDTI) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- IHS Markit Score Update: Drop in demand for ETFs holding Integrated Device Technology Inc is a negative sign for its shares (finance.yahoo.com)
- Integrated Device Technology’s (IDTI) “Underweight” Rating Reiterated at Barclays PLC (overnewsmagazine.com)
- Investor Update: Company Share Focus for Integrated Device Technology, Inc. (NASDAQ:IDTI) – Jonesboro Recorder (jonesbororecorder.com)
Integrated Device Technology (NASDAQ:IDTI) traded down 0.17% during trading on Friday, hitting $23.53. 1,494,272 shares of the stock were exchanged. The stock’s 50 day moving average is $25.51 and its 200-day moving average is $24.64. Integrated Device Technology has a one year low of $19.02 and a one year high of $27.09. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 30.56 and a beta of 1.97.
Integrated Device Technology (NASDAQ:IDTI) last released its earnings results on Monday, July 31st. The semiconductor company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.07. Integrated Device Technology had a net margin of 14.50% and a return on equity of 20.34%. The business had revenue of $196.71 million for the quarter, compared to analysts’ expectations of $195.10 million. During the same period last year, the firm earned $0.36 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. On average, equities research analysts expect that Integrated Device Technology will post $1.49 earnings per share for the current fiscal year.
Several analysts recently commented on the stock. Barclays PLC reiterated an “underweight” rating on shares of Integrated Device Technology in a research report on Friday, July 21st. Zacks Investment Research downgraded shares of Integrated Device Technology from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Bank of America Corporation cut shares of Integrated Device Technology from a “neutral” rating to an “underperform” rating and set a $27.00 price objective on the stock. in a research note on Tuesday, August 1st. Needham & Company LLC reissued a “buy” rating on shares of Integrated Device Technology in a research note on Tuesday, August 1st. Finally, Longbow Research initiated coverage on shares of Integrated Device Technology in a research note on Friday, June 9th. They issued a “buy” rating and a $31.00 price objective on the stock. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. Integrated Device Technology presently has a consensus rating of “Hold” and a consensus price target of $27.67.
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In other Integrated Device Technology news, VP Mario Montana sold 25,314 shares of Integrated Device Technology stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $25.98, for a total transaction of $657,657.72. Following the transaction, the vice president now owns 120,087 shares of the company’s stock, valued at approximately $3,119,860.26. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gregory L. Waters sold 19,762 shares of Integrated Device Technology stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $24.04, for a total value of $475,078.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 309,390 shares of company stock worth $7,586,982. Company insiders own 1.24% 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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