Shares of Integrated Device Technology Inc. (NASDAQ:IDTI) saw strong trading volume on Wednesday . 3,665,151 shares traded hands during trading, an increase of 44% from the previous session’s volume of 2,546,658 shares.The stock last traded at $18.75 and had previously closed at $19.56.

Several equities research analysts have recently commented on the stock. Brean Capital reissued a “buy” rating and set a $23.00 target price (down from $26.00) on shares of Integrated Device Technology in a research report on Wednesday. Barclays PLC reissued an “underweight” rating and set a $21.00 target price on shares of Integrated Device Technology in a research report on Thursday, May 5th. Needham & Company LLC reissued a “buy” rating and set a $27.00 target price (up from $26.00) on shares of Integrated Device Technology in a research report on Tuesday, May 3rd. Zacks Investment Research raised shares of Integrated Device Technology from a “sell” rating to a “hold” rating in a research report on Thursday, May 5th. Finally, Vetr raised shares of Integrated Device Technology from a “buy” rating to a “strong-buy” rating and set a $26.00 target price for the company in a research report on Wednesday, June 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $26.38.

The firm’s 50-day moving average price is $21.01 and its 200-day moving average price is $20.82. The company has a market cap of $2.50 billion and a PE ratio of 14.22.

Integrated Device Technology (NASDAQ:IDTI) last posted its earnings results on Monday, August 1st. The company reported $0.36 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The company earned $192.10 million during the quarter, compared to analysts’ expectations of $191.06 million. During the same period in the prior year, the business posted $0.31 earnings per share. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. On average, equities analysts anticipate that Integrated Device Technology Inc. will post $1.42 EPS for the current year.

In related news, Director Gordon W. Parnell sold 12,500 shares of Integrated Device Technology stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $20.21, for a total transaction of $252,625.00. Following the completion of the transaction, the director now directly owns 74,953 shares of the company’s stock, valued at approximately $1,514,800.13. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Matthew D. Brandalise sold 6,548 shares of Integrated Device Technology stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $22.84, for a total transaction of $149,556.32. Following the transaction, the vice president now directly owns 73,121 shares of the company’s stock, valued at $1,670,083.64. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have modified their holdings of IDTI. Bailard Inc. acquired a new position in shares of Integrated Device Technology during the fourth quarter worth about $1,159,000. 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 worth $1,198,000 after buying an additional 114 shares during the period. Dai Ichi Life Insurance CO. LTD. acquired a new position in shares of Integrated Device Technology during the fourth quarter worth about $1,340,000. Suntrust Banks Inc. acquired a new position in shares of Integrated Device Technology during the fourth quarter worth about $1,617,000. Finally, GSA Capital Partners LLP boosted its position in shares of Integrated Device Technology by 27.1% in the fourth quarter. GSA Capital Partners LLP now owns 61,770 shares of the company’s stock worth $1,628,000 after buying an additional 13,171 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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