Integrated Device Technology Inc. (NASDAQ:IDTI) shares traded up 2.5% on Thursday . The company traded as high as $21.76 and last traded at $21.65, with a volume of 1,761,436 shares trading hands. The stock had previously closed at $21.12.

A number of research analysts have weighed in on the company. Wedbush restated an “outperform” rating and issued a $27.00 price objective (down previously from $28.00) on shares of Integrated Device Technology in a report on Thursday, June 9th. Vetr lowered Integrated Device Technology from a “strong-buy” rating to a “buy” rating and set a $26.00 price target on the stock. in a report on Monday, May 30th. Bank of America Corp. upgraded Integrated Device Technology from a “neutral” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Thursday, May 26th. Brean Capital started coverage on Integrated Device Technology in a report on Monday, May 23rd. They set a “buy” rating and a $26.00 price target on the stock. Finally, Zacks Investment Research upgraded Integrated Device Technology from a “sell” rating to a “hold” rating in a report on Friday, April 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $27.46.

The stock has a market capitalization of $2.89 billion and a P/E ratio of 16.45. The firm’s 50-day moving average is $21.68 and its 200-day moving average is $21.22.

Integrated Device Technology (NASDAQ:IDTI) last issued its quarterly earnings data on Monday, May 2nd. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $189.40 million for the quarter, compared to analyst estimates of $187.23 million. During the same quarter last year, the business earned $0.29 EPS. Integrated Device Technology’s revenue for the quarter was up 19.6% compared to the same quarter last year. On average, analysts anticipate that Integrated Device Technology Inc. will post $1.51 earnings per share for the current year.

In other Integrated Device Technology news, VP Mario Montana sold 65,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $21.24, for a total transaction of $1,380,600.00. Following the completion of the sale, the vice president now owns 122,779 shares in the company, valued at approximately $2,607,825.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP David Shepard sold 1,896 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $21.08, for a total value of $39,967.68. Following the sale, the vice president now owns 44,693 shares of the company’s stock, valued at approximately $942,128.44. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently modified their holdings of IDTI. State of Tennessee Treasury Department raised its position in shares of Integrated Device Technology by 49.0% in the fourth quarter. State of Tennessee Treasury Department now owns 152,100 shares of the company’s stock valued at $4,008,000 after buying an additional 50,000 shares during the last quarter. Pear Tree Advisors Inc. purchased a new position in shares of Integrated Device Technology during the fourth quarter valued at approximately $2,842,000. Redwood Investments LLC raised its position in shares of Integrated Device Technology by 38.9% in the fourth quarter. Redwood Investments LLC now owns 101,628 shares of the company’s stock valued at $2,678,000 after buying an additional 28,441 shares during the last quarter. US Bancorp DE raised its position in shares of Integrated Device Technology by 0.3% in the fourth quarter. US Bancorp DE now owns 45,466 shares of the company’s stock valued at $1,198,000 after buying an additional 114 shares during the last quarter. Finally, Suntrust Banks Inc. purchased a new position in shares of Integrated Device Technology during the fourth quarter valued at approximately $1,617,000.

Integrated Device Technology, Inc (IDT) is a developer of mixed-signal semiconductor solutions. The Company offers semiconductors for communications infrastructure in both wired and wireless. It designs, develops, manufactures and markets a range of semiconductor. It operates in two segments: the Communications segment and the Computing and Consumer segment.

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