Shares of Integrated Device Technology Inc. (NASDAQ:IDTI) traded up 2.1% on Monday . The company traded as high as $21.93 and last traded at $21.90, with a volume of 761,931 shares changing hands. The stock had previously closed at $21.46.

A number of analysts have recently weighed in on the company. Wedbush reiterated an “outperform” rating and set a $27.00 target price (down from $28.00) on shares of Integrated Device Technology in a research report on Thursday, June 9th. Vetr downgraded Integrated Device Technology from a “strong-buy” rating to a “buy” rating and set a $26.00 target price for the company. in a research 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 target price for the company in a research report on Thursday, May 26th. Brean Capital assumed coverage on Integrated Device Technology in a research report on Monday, May 23rd. They set a “buy” rating and a $26.00 target price for the company. Finally, Zacks Investment Research upgraded Integrated Device Technology from a “sell” rating to a “hold” rating in a research report on Friday, April 15th. One equities 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 stock. Integrated Device Technology currently has a consensus rating of “Buy” and a consensus price target of $27.46.

The stock has a 50-day moving average price of $21.40 and a 200 day moving average price of $20.93. The stock has a market capitalization of $3.01 billion and a price-to-earnings ratio of 17.14.

Integrated Device Technology (NASDAQ:IDTI) last released its earnings results on Monday, May 2nd. The company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.03. The firm earned $189.40 million during the quarter, compared to analysts’ expectations of $187.23 million. The business’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 earnings per share. Equities analysts forecast that Integrated Device Technology Inc. will post $1.51 earnings per share for the current year.

In other news, VP David Shepard sold 1,896 shares of Integrated Device Technology stock in a transaction on Monday, May 16th. The stock was sold at an average price of $21.08, for a total value of $39,967.68. Following the completion of the transaction, the vice president now directly owns 44,693 shares in the company, valued at $942,128.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gordon W. Parnell sold 12,500 shares of Integrated Device Technology stock in a transaction 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 completion of the transaction, the director now owns 74,953 shares of the company’s stock, valued at $1,514,800.13. The disclosure for this sale can be found here.

Several institutional investors recently made changes to their positions in IDTI. US Bancorp DE boosted 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 period. Suntrust Banks Inc. bought a new position in shares of Integrated Device Technology during the fourth quarter valued at $1,617,000. Bailard Inc. bought a new position in shares of Integrated Device Technology during the fourth quarter valued at $1,159,000. Dai Ichi Life Insurance CO. LTD. bought a new position in shares of Integrated Device Technology during the fourth quarter valued at $1,340,000. Finally, Royce & Associates LLC boosted its position in shares of Integrated Device Technology by 254.0% in the fourth quarter. Royce & Associates LLC now owns 177,000 shares of the company’s stock valued at $4,664,000 after buying an additional 127,000 shares during the period.

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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