Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Integrated Device Technology (IDTI) Share Price
News stories about Integrated Device Technology (NASDAQ:IDTI) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Integrated Device Technology earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 45.7123791947887 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Integrated Device Technology Inc (IDTI) SVP Brian C. White Sells 8,417 Shares (americanbankingnews.com)
- Integrated Device Technology Inc (IDTI) Receives Consensus Rating of “Buy” from Brokerages (americanbankingnews.com)
- 2 Stocks With Bullish Trading Setups $BIDU $IDTI (seeitmarket.com)
- Integrated Device Technology, Inc., (NASDAQ: IDTI) – Important Factors to Analyse A Good Investment – Stock Watch (stocksnewstimes.com)
- Attracting Massive Concentrations By Liquidation: Steel Dynamics, Inc. (NASDAQ:STLD), Integrated Device … – Investing News Update (investingbizz.com)
Several research analysts have recently weighed in on the stock. Loop Capital boosted their price objective on shares of Integrated Device Technology from $29.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. KeyCorp restated an “overweight” rating on shares of Integrated Device Technology in a research note on Thursday, September 14th. Zacks Investment Research upgraded shares of Integrated Device Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Craig Hallum boosted their price objective on shares of Integrated Device Technology from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Finally, ValuEngine upgraded shares of Integrated Device Technology from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $32.23.
Shares of Integrated Device Technology (NASDAQ IDTI) traded up $0.73 during trading hours on Monday, hitting $32.67. 918,580 shares of the company’s stock were exchanged, compared to its average volume of 1,230,000. Integrated Device Technology has a 1 year low of $22.70 and a 1 year high of $33.92. The firm has a market cap of $4,360.00, a price-to-earnings ratio of 45.38, a PEG ratio of 3.09 and a beta of 1.97. The company has a debt-to-equity ratio of 0.62, a quick ratio of 4.80 and a current ratio of 5.42.
Integrated Device Technology (NASDAQ:IDTI) last announced its earnings results on Monday, October 30th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. Integrated Device Technology had a net margin of 13.32% and a return on equity of 19.65%. The firm had revenue of $204.40 million for the quarter, compared to analyst estimates of $200.99 million. During the same quarter in the prior year, the business posted $0.34 EPS. The business’s revenue was up 11.1% compared to the same quarter last year. analysts forecast that Integrated Device Technology will post 1.15 earnings per share for the current fiscal year.
In other news, VP David Shepard sold 22,778 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $29.95, for a total transaction of $682,201.10. Following the completion of the sale, the vice president now owns 58,504 shares of the company’s stock, valued at approximately $1,752,194.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Xianzhi Sean Fan sold 67,041 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $31.72, for a total transaction of $2,126,540.52. Following the sale, the insider now directly owns 138,993 shares of the company’s stock, valued at approximately $4,408,857.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 105,264 shares of company stock worth $3,310,127. Company insiders own 1.24% of the company’s stock.
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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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