Integrated Device Technology (IDTI) Given Daily News Impact Rating of 0.15
News headlines about Integrated Device Technology (NASDAQ:IDTI) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. 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 impact score of 0.15 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 46.2789860046877 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s rankings:
- Financial Analysis: Integrated Device Technology (IDTI) versus Its Peers (americanbankingnews.com)
- Stocks With Escalations:: Dextera Surgical Inc. (NASDAQ:DXTR), Suncor Energy Inc. (NYSE:SU), Integrated Device … – The Stock Street (press release) (thestreetpoint.com)
- Enthralling Stocks: The TJX Companies, Inc. (NYSE:TJX), Integrated Device Technology, Inc. (NASDAQ:IDTI), Corindus … – The Stock Street (press release) (thestreetpoint.com)
- Integrated Device Technology, Inc. (IDTI) Stock Rating Upgraded by ValuEngine (americanbankingnews.com)
- ETFs with exposure to Integrated Device Technology, Inc. : November 9, 2017 (finance.yahoo.com)
Shares of Integrated Device Technology (IDTI) traded down $0.74 during mid-day trading on Wednesday, hitting $31.38. 1,787,900 shares of the stock were exchanged, compared to its average volume of 1,594,442. 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 has a 12-month low of $21.80 and a 12-month high of $33.92. The company has a market cap of $4,355.65, a P/E ratio of 29.81, a price-to-earnings-growth ratio of 3.17 and a beta of 1.98.
Integrated Device Technology (NASDAQ:IDTI) last released its earnings results on Monday, October 30th. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Integrated Device Technology had a net margin of 13.32% and a return on equity of 19.65%. The company had revenue of $204.40 million for the quarter, compared to analysts’ expectations of $200.99 million. During the same quarter in the previous year, the company earned $0.34 EPS. Integrated Device Technology’s revenue for the quarter was up 11.1% on a year-over-year basis. sell-side analysts expect that Integrated Device Technology will post 1.15 earnings per share for the current fiscal year.
A number of research firms have commented on IDTI. ValuEngine raised shares of Integrated Device Technology from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Roth Capital lifted their target price on shares of Integrated Device Technology from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Zacks Investment Research downgraded shares of Integrated Device Technology from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. 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. Finally, Bank of America Corporation lifted their target price on shares of Integrated Device Technology from $27.00 to $30.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $32.23.
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In related news, insider Xianzhi Sean Fan sold 67,041 shares of Integrated Device Technology stock in a transaction on Monday, November 6th. The shares were sold at an average price of $31.72, for a total transaction of $2,126,540.52. Following the transaction, the insider now owns 138,993 shares in the company, valued at approximately $4,408,857.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Chris Allexandre sold 1,028 shares of Integrated Device Technology stock in a transaction on Monday, November 6th. The shares were sold at an average price of $32.23, for a total transaction of $33,132.44. Following the transaction, the vice president now owns 49,936 shares in the company, valued at approximately $1,609,437.28. The disclosure for this sale can be found here. 1.24% of the stock is currently owned by 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.
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