Integrated Device Technology (IDTI) Given News Sentiment Score of 0.16

News stories about Integrated Device Technology (NASDAQ:IDTI) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Integrated Device Technology earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 45.2004903435124 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:

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Shares of NASDAQ:IDTI opened at $29.60 on Friday. Integrated Device Technology has a twelve month low of $22.70 and a twelve month high of $34.13. The firm has a market capitalization of $4,085.26, a PE ratio of 25.96, a price-to-earnings-growth ratio of 2.31 and a beta of 1.83. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.62 and a quick ratio of 5.01.

Integrated Device Technology (NASDAQ:IDTI) last announced its earnings results on Monday, January 29th. The semiconductor company reported $0.42 earnings per share for the quarter, beating 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 company had revenue of $217.10 million during the quarter, compared to analyst estimates of $215.32 million. During the same period last year, the company posted $0.35 earnings per share. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. equities analysts anticipate that Integrated Device Technology will post 1.15 earnings per share for the current year.

A number of research analysts have issued reports on IDTI shares. Barclays raised Integrated Device Technology from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $28.00 to $33.00 in a report on Wednesday, January 17th. KeyCorp lifted their price objective on Integrated Device Technology from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Zacks Investment Research raised Integrated Device Technology from a “sell” rating to a “hold” rating in a report on Friday, March 2nd. Needham & Company LLC reissued a “buy” rating and set a $38.00 price objective (up from $36.00) on shares of Integrated Device Technology in a report on Tuesday, January 30th. Finally, BidaskClub raised Integrated Device Technology from a “hold” rating to a “buy” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Integrated Device Technology currently has an average rating of “Buy” and an average target price of $33.36.

In other news, SVP Sailesh Chittipeddi sold 25,000 shares of the firm’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of $32.37, for a total value of $809,250.00. Following the completion of the sale, the senior vice president now directly owns 178,078 shares in the company, valued at $5,764,384.86. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Brian C. White sold 15,583 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $33.00, for a total value of $514,239.00. Following the completion of the sale, the senior vice president now owns 123,558 shares of the company’s stock, valued at $4,077,414. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 150,349 shares of company stock valued at $4,747,248. 1.24% of the stock is currently owned by corporate insiders.

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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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