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Zacks Investment Research downgraded Integrated Device Technology Inc (NASDAQ:IDTI) to Hold in a report released today.

Zacks Investment Research has downgraded Integrated Device Technology Inc (NASDAQ:IDTI) to Hold in a report released on 10/12/2016.

Just yesterday Integrated Device Technology Inc (NASDAQ:IDTI) traded -3.90% lower at $21.05. Integrated Device Technology Inc’s 50-day moving average is $21.26 and its 200-day moving average is $20.98. The last closing price is up -3.55% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 4,138,494 shares of IDTI traded hands, up from an average trading volume of 2,276,230

Recent Performance Chart

Integrated Device Technology Inc (NASDAQ:IDTI)

Integrated Device Technology Inc has 52 week low of $16.22 and a 52 week high of $29.04 with a PE ratio of 16.41 and has a market capitalization of $0.

In addition to Zacks Investment Research 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 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

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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