Integrated Device Technology, Inc. (NASDAQ:IDTI) registered a -1.15% decrease, still its new closing price is 53.76% up from the company’s 1 year high of 26.66.It posted -3.93% losses in previous 5 sessions and is now the subject of 1 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 3 buy or better ratings. The 13 stock analysts following this company have an average price target at $28.08, with individual PT in the $22.00-$32.00 range. The shares moved at $24.94, implying that brokerage firms see shares gaining about 37.33% in twelve months time.
Integrated Device Technology, Inc. (IDTI) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 5.86% rise year to date. A VP BUSINESS UNIT at Integrated Device Technology, Inc. (IDTI) offloaded shares in a transaction closed on Friday December 16, 2016. Shepard David sold 37,787 shares in the company at $24.91 each and collected $941,000 in proceeds. Shepard David now owns 59,672 shares in the company after this transaction. A VP GENERAL COUNSEL in the company, BRANDALISE MATTHEW D, disclosed a transaction on Wednesday November 23, 2016 that ended up generating $242,001 from the sale of 9,500 shares at $25.53 per share.
Integrated Device Technology, Inc. (NASDAQ:IDTI) Upcoming Results on Tap
Integrated Device Technology, Inc. will next provide financial results for the June 2017 quarter. Stock analysts expect it to report per-share earnings of $0.35 in that period. Sales during the quarter are predicted to arrive at $182.44 million.
Earnings surprise history: Last quarter, the company posted approximately $176.36 million in revenue and EPS of $0.35. The mean forecast was for $176.16 million and $0.34 a share, respectively. One quarter earlier, revenue for the stock was at $184.06 million, with earnings at $0.34/share.
Integrated Device Technology, Inc. (IDTI) Brokerage Update
Integrated Device Technology, Inc. (IDTI) is in Charter Equity’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Mkt Perform by Charter Equity, according to news reported on Tuesday November 01, 2016.Another important research note was issued by Charter Equity on Tuesday August 02, 2016.The firm downgraded IDTI to Mkt Perform from Buy. Over the last six months and over the last three months, the shares of Integrated Device Technology, Inc. (IDTI), have changed 33.30% and 9.05%, respectively.