BidaskClub downgraded shares of Integrated Device Technology (NASDAQ:IDTI) from a hold rating to a sell rating in a report released on Monday, February 4th.
Several other brokerages also recently commented on IDTI. Charter Equity downgraded Integrated Device Technology from a buy rating to a market perform rating in a research note on Tuesday, January 29th. Zacks Investment Research reiterated a sell rating on shares of Integrated Device Technology in a report on Tuesday, November 13th. Finally, Craig Hallum cut Integrated Device Technology from a buy rating to a hold rating and set a $49.00 target price for the company. in a report on Wednesday, October 17th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Integrated Device Technology presently has a consensus rating of Hold and an average target price of $42.91.
IDTI stock opened at $48.34 on Monday. The company has a market capitalization of $6.25 billion, a PE ratio of 38.06, a P/E/G ratio of 3.64 and a beta of 1.33. Integrated Device Technology has a 1-year low of $27.71 and a 1-year high of $48.93. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.90 and a current ratio of 1.00.
Integrated Device Technology (NASDAQ:IDTI) last released its quarterly earnings results on Monday, January 28th. The semiconductor company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.09). Integrated Device Technology had a return on equity of 30.02% and a net margin of 11.68%. The business had revenue of $240.59 million for the quarter, compared to the consensus estimate of $236.64 million. Analysts forecast that Integrated Device Technology will post 1.31 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in IDTI. Havens Advisors LLC bought a new position in Integrated Device Technology during the third quarter worth about $1,974,000. Campbell Newman Asset Management Inc. raised its position in shares of Integrated Device Technology by 81.0% in the third quarter. Campbell Newman Asset Management Inc. now owns 18,820 shares of the semiconductor company’s stock valued at $885,000 after buying an additional 8,420 shares in the last quarter. Aperio Group LLC raised its position in shares of Integrated Device Technology by 8.6% in the third quarter. Aperio Group LLC now owns 32,579 shares of the semiconductor company’s stock valued at $1,532,000 after buying an additional 2,582 shares in the last quarter. Oakbrook Investments LLC acquired a new stake in shares of Integrated Device Technology in the third quarter valued at approximately $235,000. Finally, Seven Eight Capital LP acquired a new stake in shares of Integrated Device Technology in the third quarter valued at approximately $7,738,000. Institutional investors own 88.29% 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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