Integrated Device Technology Inc (IDTI) Given Average Recommendation of “Hold” by Analysts

Integrated Device Technology Inc (NASDAQ:IDTI) has been assigned an average rating of “Hold” from the fifteen ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $43.20.

Several analysts have recently issued reports on the stock. BidaskClub cut shares of Integrated Device Technology from a “buy” rating to a “hold” rating in a research report on Wednesday. Craig Hallum cut shares of Integrated Device Technology from a “buy” rating to a “hold” rating and set a $49.00 target price on the stock. in a research report on Wednesday, October 17th. Finally, Zacks Investment Research restated a “sell” rating on shares of Integrated Device Technology in a research report on Tuesday, November 13th.

Institutional investors have recently bought and sold shares of the stock. First Hawaiian Bank raised its position in Integrated Device Technology by 300.0% in the 4th quarter. First Hawaiian Bank now owns 560 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 420 shares during the period. Honkamp Krueger Financial Services Inc. purchased a new stake in Integrated Device Technology in the 3rd quarter worth about $107,000. Meeder Asset Management Inc. raised its position in Integrated Device Technology by 713.3% in the 4th quarter. Meeder Asset Management Inc. now owns 4,091 shares of the semiconductor company’s stock worth $199,000 after purchasing an additional 3,588 shares during the period. Brown Advisory Inc. purchased a new stake in Integrated Device Technology in the 3rd quarter worth about $205,000. Finally, CIBC Asset Management Inc purchased a new stake in Integrated Device Technology in the 3rd quarter worth about $217,000. 90.30% of the stock is currently owned by institutional investors.

Shares of NASDAQ IDTI opened at $48.34 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 4.17 and a current ratio of 4.65. The stock has a market cap of $6.24 billion, a PE ratio of 38.06, a price-to-earnings-growth ratio of 3.33 and a beta of 1.50. Integrated Device Technology has a 12-month low of $26.96 and a 12-month high of $48.70.

Integrated Device Technology (NASDAQ:IDTI) last announced its earnings results on Monday, October 29th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.02. The firm had revenue of $235.48 million for the quarter, compared to analysts’ expectations of $234.07 million. Integrated Device Technology had a net margin of 2.06% and a return on equity of 29.69%. As a group, sell-side analysts expect that Integrated Device Technology will post 1.45 EPS for the current year.

Integrated Device Technology Company Profile

Integrated Device Technology, Inc designs, develops, manufactures, and markets a range of semiconductor solutions for the communications, computing, consumer, automotive, industrial, and industrial end-markets. It operates in two segments, Communications; and Computing, Consumer and Industrial. The Communications segment offers clocks and timing solutions; radio frequency products; flow-control management products, including multi-port products; telecommunication interface products; static random access memory products; first in and first out memories; digital logic products; optical interconnect and frequency control solutions; and Serial RapidIO switching solutions.

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Analyst Recommendations for Integrated Device Technology (NASDAQ:IDTI)

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