News coverage about Integrated Device Technology (NASDAQ:IDTI) has been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Integrated Device Technology earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the semiconductor company an impact score of 45.7699144866736 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media headlines that may have effected Accern Sentiment’s analysis:

IDTI stock opened at $42.66 on Friday. Integrated Device Technology has a fifty-two week low of $24.61 and a fifty-two week high of $43.95. The firm has a market cap of $5.52 billion, a P/E ratio of 33.59, a price-to-earnings-growth ratio of 2.39 and a beta of 1.90. The company has a quick ratio of 4.98, a current ratio of 5.66 and a debt-to-equity ratio of 0.78.

Integrated Device Technology (NASDAQ:IDTI) last released its earnings results on Monday, July 30th. The semiconductor company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The company had revenue of $228.52 million during the quarter, compared to analysts’ expectations of $226.91 million. Integrated Device Technology had a return on equity of 26.05% and a net margin of 0.21%. The business’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same period last year, the firm earned $0.33 EPS. equities research analysts expect that Integrated Device Technology will post 1.46 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on IDTI shares. Needham & Company LLC cut Integrated Device Technology from a “buy” rating to a “hold” rating and set a $25.00 price target for the company. in a report on Tuesday, September 4th. They noted that the move was a valuation call. TheStreet raised Integrated Device Technology from a “c+” rating to a “b” rating in a report on Wednesday, May 23rd. BidaskClub raised Integrated Device Technology from a “hold” rating to a “buy” rating in a report on Friday, July 20th. KeyCorp raised their price target on Integrated Device Technology from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, July 5th. Finally, Piper Jaffray Companies raised their price target on Integrated Device Technology to $51.00 and gave the company an “overweight” rating in a report on Tuesday, September 4th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Integrated Device Technology presently has a consensus rating of “Buy” and an average price target of $38.58.

In other news, VP David Shepard sold 3,000 shares of Integrated Device Technology stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $42.65, for a total value of $127,950.00. Following the completion of the sale, the vice president now directly owns 75,569 shares of the company’s stock, valued at approximately $3,223,017.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory L. Waters sold 16,587 shares of Integrated Device Technology stock in a transaction on Monday, June 18th. The shares were sold at an average price of $34.71, for a total value of $575,734.77. Following the completion of the sale, the chief executive officer now directly owns 769,911 shares of the company’s stock, valued at $26,723,610.81. The disclosure for this sale can be found here. Insiders sold a total of 112,363 shares of company stock valued at $4,029,367 over the last three months. Insiders own 1.23% of the company’s stock.

About Integrated Device Technology

Integrated Device Technology, Inc designs, develops, manufactures, and markets a range of semiconductor solutions for the communications, computing, consumer, automotive, industrial, and industrial end-markets. It operates in two segments, Communications; and Computing, Consumer and Industrial. The Communications segment offers clocks and timing solutions; radio frequency products; flow-control management products, including multi-port products; telecommunication interface products; static random access memory products; first in and first out memories; digital logic products; optical interconnect and frequency control solutions; and Serial RapidIO switching solutions.

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