David Shepard Sells 22,778 Shares of Integrated Device Technology Inc (IDTI) Stock
Integrated Device Technology Inc (NASDAQ:IDTI) VP David Shepard sold 22,778 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $29.95, for a total value of $682,201.10. Following the completion of the transaction, the vice president now directly owns 58,504 shares of the company’s stock, valued at $1,752,194.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Integrated Device Technology Inc (NASDAQ IDTI) opened at $30.45 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 4.80 and a current ratio of 5.42. Integrated Device Technology Inc has a 12 month low of $22.70 and a 12 month high of $33.92. The stock has a market capitalization of $4,043.49, a price-to-earnings ratio of 27.67, a price-to-earnings-growth ratio of 2.94 and a beta of 1.96.
Integrated Device Technology (NASDAQ:IDTI) last released its quarterly earnings data on Monday, October 30th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. Integrated Device Technology had a return on equity of 19.65% and a net margin of 13.32%. The firm had revenue of $204.40 million during the quarter, compared to analyst estimates of $200.99 million. During the same period in the prior year, the company posted $0.34 earnings per share. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. equities analysts anticipate that Integrated Device Technology Inc will post 1.15 EPS for the current fiscal year.
Several brokerages recently commented on IDTI. Loop Capital reaffirmed a “buy” rating and issued a $29.00 target price on shares of Integrated Device Technology in a research report on Tuesday, August 22nd. Barclays raised their target price on Integrated Device Technology from $24.00 to $28.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 31st. KeyCorp reaffirmed a “buy” rating and issued a $33.00 target price on shares of Integrated Device Technology in a research report on Wednesday, November 1st. Roth Capital raised their target price on Integrated Device Technology from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, ValuEngine cut Integrated Device Technology from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $32.23.
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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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