A statement released earlier today by Roth Capital about Integrated Device Technology Inc (NASDAQ:IDTI) raises the target price to $26.00
- Updated: October 1, 2016
Yesterday Integrated Device Technology Inc (NASDAQ:IDTI) traded 1.58% higher at $22.35. The company’s 50-day moving average is $20.68 and its 200-day moving average is $20.85. The last closing price is up 10.80% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 2,050,101 shares of the stock traded hands, down from an average trading volume of 2,144,840
In a report released on 9/28/2016 Roth Capital increased the stock price target of Integrated Device Technology Inc (NASDAQ:IDTI) to $26.00 indicating a possible upside of 0.16%.
Previously on 08/18/2016, JPMorgan Chase & Co. reported on Integrated Device Technology Inc (NASDAQ:IDTI) increased the target price from $0.00 to $26.00. At the time, this indicated a possible upside of 0.29%.
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Integrated Device Technology Inc has a 52 week low of $16.22 and a 52 week high of $29.04 with a P/E ratio of 18.73 The company’s market cap is currently $0.
In addition to Roth Capital reporting its stock price target, a total of 9 brokers have issued a research note on the company. The average stock price target is $27.89 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Integrated Device Technology Inc (NASDAQ:IDTI)
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. It offers a range of mixed-signal solutions for the communications, computing, consumer, automotive and industrial segments. These products are used for development in areas, such as fourth generation (4G) infrastructure, network communications, cloud datacenters and power management for computing and mobile devices. It offers solutions in designing communications, computing, consumer, automotive and industrial applications. It markets its products to original equipment manufacturers (OEMs) through a range of channels, including direct sales, distributors and electronic manufacturing suppliers (EMSs).
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