Integrated Device Technology (IDTI) Given Media Impact Score of 0.07
News coverage about Integrated Device Technology (NASDAQ:IDTI) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Integrated Device Technology earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 45.5408223327563 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Integrated Device Technology, Inc. (IDTI) VP Mario Montana Sells 20,374 Shares (americanbankingnews.com)
- Integrated Device Technology, Inc. (NASDAQ:IDTI) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- IHS Markit Score Update: Drop in demand for ETFs holding Integrated Device Technology Inc is a negative sign for its shares (finance.yahoo.com)
- Integrated Device Technology’s (IDTI) “Underweight” Rating Reiterated at Barclays PLC (overnewsmagazine.com)
- Investor Update: Company Share Focus for Integrated Device Technology, Inc. (NASDAQ:IDTI) – Jonesboro Recorder (jonesbororecorder.com)
Shares of Integrated Device Technology (NASDAQ IDTI) traded down 0.17% during trading on Friday, hitting $23.53. The stock had a trading volume of 1,494,272 shares. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 30.56 and a beta of 1.97. Integrated Device Technology has a one year low of $19.02 and a one year high of $27.09. The stock has a 50 day moving average price of $25.51 and a 200-day moving average price of $24.64.
Integrated Device Technology (NASDAQ:IDTI) last issued its quarterly earnings data on Monday, July 31st. The semiconductor company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by $0.07. The firm had revenue of $196.71 million for the quarter, compared to the consensus estimate of $195.10 million. Integrated Device Technology had a return on equity of 20.34% and a net margin of 14.50%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.36 EPS. On average, equities research analysts predict that Integrated Device Technology will post $1.49 earnings per share for the current year.
IDTI has been the topic of a number of analyst reports. Zacks Investment Research upgraded Integrated Device Technology from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Wednesday, July 5th. BidaskClub cut Integrated Device Technology from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 15th. Needham & Company LLC reiterated a “buy” rating on shares of Integrated Device Technology in a research report on Tuesday, August 1st. Barclays PLC reiterated an “underweight” rating on shares of Integrated Device Technology in a research report on Friday, July 21st. Finally, Susquehanna Bancshares Inc upped their price target on Integrated Device Technology from $30.00 to $33.00 and gave the company a “positive” rating in a research report on Wednesday, June 28th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $27.67.
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In other Integrated Device Technology news, CEO Gregory L. Waters sold 19,762 shares of Integrated Device Technology stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $24.04, for a total transaction of $475,078.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Sailesh Chittipeddi sold 4,538 shares of Integrated Device Technology stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $24.04, for a total value of $109,093.52. The disclosure for this sale can be found here. Insiders have sold a total of 309,390 shares of company stock worth $7,586,982 over the last ninety days. Company insiders own 1.24% of the company’s stock.
About Integrated Device Technology
Integrated Device Technology, Inc develops system-level solutions that optimize its customers’ applications. The Company operates through two segments: the Communications, and the Computing, Consumer and Industrial. It offers products in radio frequency (RF), timing, wireless power transfer, serial switching, interfaces and sensing solutions.
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