Headlines about Integrated Device Technology (NASDAQ:IDTI) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public 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 impact score of 0.12 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 46.7216761175205 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the media stories that may have impacted Accern’s scoring:

Shares of Integrated Device Technology (NASDAQ:IDTI) opened at 27.92 on Monday. Integrated Device Technology has a one year low of $19.70 and a one year high of $28.08. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 36.26 and a beta of 1.98. The company has a 50-day moving average price of $26.32 and a 200 day moving average price of $25.02.

Integrated Device Technology (NASDAQ:IDTI) last posted its quarterly earnings data on Monday, July 31st. The semiconductor company reported $0.25 EPS 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 analysts’ expectations of $195.10 million. Integrated Device Technology had a net margin of 14.50% and a return on equity of 20.34%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.36 EPS. Equities research analysts expect that Integrated Device Technology will post $1.49 earnings per share for the current year.

Several equities research analysts have recently issued reports on IDTI shares. KeyCorp reaffirmed a “buy” rating and set a $30.00 target price on shares of Integrated Device Technology in a research report on Friday, September 1st. Loop Capital reaffirmed a “buy” rating and set a $29.00 target price on shares of Integrated Device Technology in a research report on Tuesday, August 22nd. Zacks Investment Research raised Integrated Device Technology from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Bank of America Corporation lowered Integrated Device Technology from a “neutral” rating to an “underperform” rating and set a $27.00 target price for the company. in a research report on Tuesday, August 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Integrated Device Technology in a research report on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $28.36.

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In other news, Director S Kenneth Kannappan acquired 2,000 shares of Integrated Device Technology stock in a transaction that occurred on Thursday, August 3rd. The stock was bought at an average price of $24.32 per share, for a total transaction of $48,640.00. Following the completion of the transaction, the director now owns 18,637 shares in the company, valued at $453,251.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mario Montana sold 20,374 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $24.43, for a total value of $497,736.82. Following the sale, the vice president now owns 67,443 shares of the company’s stock, valued at approximately $1,647,632.49. The disclosure for this sale can be found here. 1.24% of the stock is currently owned by corporate insiders.

Integrated Device Technology Company Profile

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.

Insider Buying and Selling by Quarter for Integrated Device Technology (NASDAQ:IDTI)

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