Integrated Device Technology Inc (NASDAQ:IDTI) VP Mario Montana sold 22,000 shares of Integrated Device Technology stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $32.06, for a total value of $705,320.00. Following the transaction, the vice president now owns 74,705 shares of the company’s stock, valued at approximately $2,395,042.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Integrated Device Technology Inc (NASDAQ:IDTI) traded up $0.04 during trading on Monday, hitting $32.84. The company’s stock had a trading volume of 972,611 shares, compared to its average volume of 1,470,815. The company has a market cap of $4,350.00, a price-to-earnings ratio of 44.99, a price-to-earnings-growth ratio of 3.19 and a beta of 1.87. Integrated Device Technology Inc has a twelve month low of $22.70 and a twelve month high of $34.13. The company has a current ratio of 5.62, a quick ratio of 5.01 and a debt-to-equity ratio of 0.69.
Integrated Device Technology (NASDAQ:IDTI) last posted its earnings results on Monday, January 29th. The semiconductor company reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.01. Integrated Device Technology had a positive return on equity of 20.26% and a negative net margin of 0.33%. The business had revenue of $217.10 million during the quarter, compared to analyst estimates of $215.32 million. During the same quarter last year, the company earned $0.35 EPS. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. research analysts expect that Integrated Device Technology Inc will post 1.15 earnings per share for the current fiscal year.
A number of brokerages have issued reports on IDTI. BidaskClub upgraded Integrated Device Technology from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Piper Jaffray Companies assumed coverage on Integrated Device Technology in a research note on Monday, February 26th. They set an “overweight” rating and a $33.00 price objective for the company. ValuEngine raised Integrated Device Technology from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research raised Integrated Device Technology from a “sell” rating to a “hold” rating in a report on Friday, March 2nd. Finally, Craig Hallum reissued a “buy” rating and issued a $40.00 target price (up previously from $36.00) on shares of Integrated Device Technology in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. Integrated Device Technology has a consensus rating of “Buy” and an average target price of $33.36.
ILLEGAL ACTIVITY NOTICE: “Integrated Device Technology Inc (IDTI) VP Sells $705,320.00 in Stock” was first posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/3258095/integrated-device-technology-inc-idti-vp-sells-705320-00-in-stock.html.
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.
Receive News & Ratings for Integrated Device Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Integrated Device Technology and related companies with MarketBeat.com's FREE daily email newsletter.