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JPMorgan Chase & Co. announced Integrated Device Technology Inc (NASDAQ:IDTI), bumping up its stock price target to $26.00 today

Boasting a price of $20.12, Integrated Device Technology Inc (NASDAQ:IDTI) traded 0.62% higher on the day. The last stock close is down 1.34% from the 200-day average, compared to the S&P 500 Index which has decreased -0.01% over the same time. The company has registered a 50-day moving average of $20.01 and two hundred day average of $20.72. Volume of trade was was down over the average, with 2,082,953 shares of IDTI changing hands under the typical 2,293,010 shares.

In a statement issued on 8/18/2016 JPMorgan Chase & Co. increased the target price of Integrated Device Technology Inc (NASDAQ:IDTI) from $0 to $26 reporting a possible upsideof 0.29%.

Previously on Thursday August 18 2016, JPMorgan reported about Integrated Device Technology Inc(NASDAQ:IDTI) raised the target price from $0.00 to $26.00. At the time, this indicated a possible upside of 0.34%.

Performance Chart:

Integrated Device Technology Inc (NASDAQ:IDTI)

A total of 9 firms have issued a ratings update on IDTI. Zero rate the company a strong buy, 0 rate the company a buy, 0 firms rate the stock a hold, 0 rate the company to underperform, and lastly 0 brokeragesrate the company as sell with a 12-month target of $27.89

Integrated Device Technology Inc has a one-year low of $16.22 and a 52 week high of $29.04 with a price-earnings ratio of 17. IDTI’s total market value is presently $0.0.

More 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, and distributors and electronic manufacturing suppliers (EMSs).

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