Integrated Device Technology Inc. (NASDAQ:IDTI) – Research analysts at Dougherty & Co upped their Q4 2017 earnings per share (EPS) estimates for Integrated Device Technology in a note issued to investors on Monday. Dougherty & Co analyst C. Anderson now expects that the brokerage will earn $0.28 per share for the quarter, up from their prior estimate of $0.27. Dougherty & Co currently has a “Buy” rating and a $26.00 price target on the stock.

Several other brokerages also recently issued reports on IDTI. Zacks Investment Research downgraded shares of Integrated Device Technology from a “buy” rating to a “hold” rating in a report on Wednesday, October 12th. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of Integrated Device Technology in a research note on Friday, September 16th. Craig Hallum cut their price objective on shares of Integrated Device Technology from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, August 2nd. Roth Capital started coverage on shares of Integrated Device Technology in a research note on Wednesday, September 28th. They set a “buy” rating and a $26.00 price objective on the stock. Finally, Charter Equity upgraded shares of Integrated Device Technology from a “market perform” rating to a “buy” rating in a research note on Tuesday, November 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $26.20.

Earnings History and Estimates for Integrated Device Technology (NASDAQ:IDTI)

Integrated Device Technology (NASDAQ:IDTI) traded up 1.46% during midday trading on Wednesday, hitting $24.33. 1,271,388 shares of the company’s stock traded hands. Integrated Device Technology has a 52 week low of $16.22 and a 52 week high of $29.04. The company has a 50 day moving average of $21.87 and a 200-day moving average of $21.22. The company has a market capitalization of $3.26 billion, a PE ratio of 21.40 and a beta of 2.15.

Integrated Device Technology (NASDAQ:IDTI) last released its quarterly earnings results on Monday, October 31st. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.01. Integrated Device Technology had a net margin of 21.49% and a return on equity of 25.09%. The company had revenue of $184.10 million for the quarter, compared to analysts’ expectations of $183.99 million. During the same period last year, the company earned $0.35 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year.

Large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Integrated Device Technology by 12.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,657 shares of the company’s stock valued at $108,000 after buying an additional 504 shares during the period. Advisor Group Inc. acquired a new stake in shares of Integrated Device Technology during the second quarter valued at approximately $114,000. First Interstate Bank boosted its stake in shares of Integrated Device Technology by 0.7% in the second quarter. First Interstate Bank now owns 7,097 shares of the company’s stock valued at $143,000 after buying an additional 48 shares during the period. LS Investment Advisors LLC boosted its stake in shares of Integrated Device Technology by 72.7% in the second quarter. LS Investment Advisors LLC now owns 8,151 shares of the company’s stock valued at $164,000 after buying an additional 3,432 shares during the period. Finally, Cantab Capital Partners LLP acquired a new stake in shares of Integrated Device Technology during the second quarter valued at approximately $166,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

In other Integrated Device Technology news, VP Mario Montana sold 217,254 shares of the business’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $19.72, for a total value of $4,284,248.88. Following the sale, the vice president now directly owns 144,260 shares in the company, valued at $2,844,807.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.38% of the stock is currently owned by company 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.

5 Day Chart for NASDAQ:IDTI

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