Media headlines about Integrated Device Technology (NASDAQ:IDTI) have trended somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Integrated Device Technology earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 46.2154761026504 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Integrated Device Technology, Inc. (IDTI) sticks almost 2.68% in last 5 trades – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Integrated Device Technology Inc (IDTI) Given Consensus Rating of “Buy” by Brokerages (americanbankingnews.com)
- Integrated Device Technology (IDTI) Earns Overweight Rating from Analysts at Piper Jaffray Companies (americanbankingnews.com)
- Baird Financial Group Inc. Has $5.18 Million Position in Integrated Device Technology Inc (IDTI) (americanbankingnews.com)
- Swiss National Bank Has $6.76 Million Position in Integrated Device Technology Inc (IDTI) (americanbankingnews.com)
Shares of Integrated Device Technology (IDTI) traded down $0.09 during trading on Tuesday, hitting $30.59. 1,414,560 shares of the stock were exchanged, compared to its average volume of 1,670,000. The firm has a market cap of $4,050.00, a PE ratio of 41.90, a price-to-earnings-growth ratio of 2.91 and a beta of 1.96. Integrated Device Technology has a fifty-two week low of $22.70 and a fifty-two week high of $34.13. The company has a quick ratio of 5.01, a current ratio of 5.62 and a debt-to-equity ratio of 0.69.
Several analysts have recently weighed in on the stock. Dougherty & Co boosted their price objective on shares of Integrated Device Technology from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. KeyCorp restated a “buy” rating on shares of Integrated Device Technology in a research report on Monday, January 29th. Roth Capital boosted their price objective 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. Craig Hallum restated a “buy” rating and set a $40.00 price objective (up previously from $36.00) on shares of Integrated Device Technology in a research report on Tuesday, January 30th. Finally, BidaskClub downgraded shares of Integrated Device Technology from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. Integrated Device Technology has an average rating of “Buy” and a consensus target price of $33.36.
In other Integrated Device Technology news, CEO Gregory L. Waters sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $28.33, for a total value of $283,300.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gregory L. Waters sold 11,703 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $29.24, for a total transaction of $342,195.72. Following the completion of the transaction, the chief executive officer now directly owns 722,552 shares in the company, valued at $21,127,420.48. The disclosure for this sale can be found here. Insiders sold a total of 101,823 shares of company stock worth $3,195,142 over the last ninety days. Corporate insiders own 1.24% of the company’s stock.
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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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