Zacks Investment Research announced Integrated Device Technology Inc (NASDAQ:IDTI), boosting its stock price target to $24.00 today
- Updated: October 15, 2016
Boasting a price of $21.05, Integrated Device Technology Inc (NASDAQ:IDTI) traded 0.30% higher on the day. With the last stock price close up -5.61% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Integrated Device Technology Inc has recorded a 50-day average of $21.24 and a two hundred day average of $20.97. Volume of trade was up over the average, with 2,664,274 shares of IDTI changing hands over the typical 2,315,950
In a report issued 10/11/2016 Zacks Investment Research bumped up the stock price target of Integrated Device Technology Inc (NASDAQ:IDTI) to $24.00 reporting a potential upside of 0.14%.
With a total market value of $0, Integrated Device Technology Inc has price-earnings ratio of 16.05 with a one year low of $16.22 and a one year high of $29.04 .
A total of 9 analysts have issued a ratings update on the company. zero brokers rating the stock a strong buy, 0 brokerages rating the stock a buy, zero analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero analysts rating the stock a sell with a consensus target price of $27.89.
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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