News stories about Integrated Device Technology (NASDAQ:IDTI) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Integrated Device Technology earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the semiconductor company an impact score of 46.447436331727 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- IDT To Present At Upcoming Investor Conferences – PR Newswire (press release) (prnewswire.com)
- IDT and Premier Farnell Announce New Franchise (finance.yahoo.com)
- Integrated Device Technology (IDTI) Lowered to “Strong Sell” at Zacks Investment Research (americanbankingnews.com)
- Integrated Device Technology (IDTI) Lowered to “Hold” at BidaskClub (americanbankingnews.com)
Several equities analysts have commented on the company. BidaskClub raised Integrated Device Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, January 24th. KeyCorp reissued a “buy” rating on shares of Integrated Device Technology in a research report on Monday, January 29th. Craig Hallum reissued 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. Needham & Company LLC reissued a “buy” rating and set a $38.00 price objective (up previously from $36.00) on shares of Integrated Device Technology in a research report on Tuesday, January 30th. Finally, ValuEngine upgraded Integrated Device Technology from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $33.38.
Integrated Device Technology (NASDAQ:IDTI) last issued its quarterly earnings results on Monday, January 29th. The semiconductor company reported $0.42 earnings per share for the quarter, beating the 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 firm had revenue of $217.10 million during the quarter, compared to the consensus estimate of $215.32 million. During the same period last year, the company earned $0.35 earnings per share. The company’s revenue was up 23.1% on a year-over-year basis. sell-side analysts anticipate that Integrated Device Technology will post 1.15 EPS for the current fiscal year.
In related news, SVP Brian C. White sold 23,297 shares of Integrated Device Technology stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $34.00, for a total value of $792,098.00. Following the completion of the sale, the senior vice president now directly owns 131,272 shares in the company, valued at approximately $4,463,248. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP David Shepard sold 22,778 shares of Integrated Device Technology stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $29.95, for a total value of $682,201.10. Following the completion of the sale, the vice president now owns 58,504 shares of the company’s stock, valued at $1,752,194.80. The disclosure for this sale can be found here. Insiders sold a total of 81,120 shares of company stock valued at $2,614,346 over the last quarter. 1.24% of the stock is owned by corporate insiders.
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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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