Integrated Device Technology Inc. (NASDAQ:IDTI)’s share price was up 2.5% during trading on Thursday . The stock 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.

Several equities analysts have commented on IDTI shares. Zacks Investment Research upgraded shares of Integrated Device Technology from a “sell” rating to a “hold” rating in a research note on Friday, April 15th. Bank of America Corp. upgraded shares of Integrated Device Technology from a “neutral” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Thursday, May 26th. Vetr upgraded shares of Integrated Device Technology from a “buy” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a research note on Monday, June 6th. Needham & Company LLC started coverage on shares of Integrated Device Technology in a research note on Monday, April 25th. They issued a “buy” rating and a $26.00 price target on the stock. Finally, Brean Capital started coverage on shares of Integrated Device Technology in a research note on Monday, May 23rd. They issued a “buy” rating and a $26.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $27.46.

The firm’s 50-day moving average price is $21.64 and its 200-day moving average price is $21.18. The stock has a market cap of $2.89 billion and a PE ratio of 16.42.

Integrated Device Technology (NASDAQ:IDTI) last announced its earnings results on Monday, May 2nd. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.03. The business earned $189.40 million during the quarter, compared to analyst estimates of $187.23 million. During the same period in the previous year, the company earned $0.29 earnings per share. The business’s revenue for the quarter was up 19.6% on a year-over-year basis. Equities research analysts anticipate that Integrated Device Technology Inc. will post $1.51 earnings per share for the current year.

In related news, VP Xianzhi Sean Fan sold 49,584 shares of the company’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $23.59, for a total transaction of $1,169,686.56. Following the sale, the vice president now directly owns 116,184 shares of the company’s stock, valued at approximately $2,740,780.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gordon W. Parnell sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $20.21, for a total value of $252,625.00. Following the sale, the director now directly owns 74,953 shares in the company, valued at $1,514,800.13. The disclosure for this sale can be found here.

Several large investors have recently bought and sold shares of the stock. ProShare Advisors LLC raised its stake in Integrated Device Technology by 23.4% in the fourth quarter. ProShare Advisors LLC now owns 43,050 shares of the company’s stock valued at $1,134,000 after buying an additional 8,176 shares in the last quarter. Bailard Inc. purchased a new stake in Integrated Device Technology during the fourth quarter valued at about $1,159,000. US Bancorp DE raised its stake in 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 in the last quarter. Penserra Capital Management LLC purchased a new stake in Integrated Device Technology during the fourth quarter valued at about $1,215,000. Finally, Dai Ichi Life Insurance CO. LTD. purchased a new stake in Integrated Device Technology during the fourth quarter valued at about $1,340,000.

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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