Economy

Integrated Device Technology Inc (IDTI) Upgraded at Zacks Investment Research

126.35 million shares or 4.19% more from 121.26 million shares in 2017Q1 were reported. With 1.35M avg volume, 3 days are for Brunswick Corporation (NYSE:BC)'s short sellers to cover BC's short positions. About 28,498 shares traded. Entegris Inc (NASDAQ:ENTG) has risen 78.11% since September 27, 2016 and is uptrending. It has outperformed by 5.20% the S&P500. Susquehanna Bancshares Inc boosted their target price on Integrated Device Technology from $30.00 to $33.00 and gave the stock a "positive" rating in a research note on Wednesday, June 28th. IDTI's profit will be $34.70 million for 24.86 P/E if the $0.26 EPS becomes a reality.

IDTI is now undervalued by -12.45% relative to the average 1-year price target of $29.00 taken from a group of Wall Street Analysts. About 935,243 shares traded.

Investors are feeling more bearish on Integrated Device Technology, I recently if you watch the rise in short interest. It has underperformed by 3.90% the S&P500. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. Therefore 22% are positive. Integrated Device had 35 analyst reports since August 4, 2015 according to SRatingsIntel. Topeka Capital Markets maintained the stock with "Buy" rating in Tuesday, February 2 report. Needham & Company LLC reissued a buy rating and issued a $28.00 price objective (up from $25.00) on shares of Integrated Device Technology in a research note on Tuesday, January 31st.

Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of Integrated Device Technology, Inc. KeyCorp reaffirmed a buy rating and set a $30.00 target price on shares of Integrated Device Technology in a research note on Friday, September 1st.

08/02/2016 - Integrated Device Technology, Inc. had its "buy" rating reiterated by analysts at Craig-Hallum.

06/09/2017 - Longbow Research began new coverage on Integrated Device Technology, Inc. giving the company a "buy" rating. On Friday, September 18 the stock rating was initiated by Bank of America with "Buy". The company was maintained on Monday, February 8 by Chardan Capital Markets. 1 or 50% of the trades during the past quarter were buys, and 1 or 50% were sells. 19,054 shares were sold by WHITE BRIAN C, worth $457,965 on Monday, May 15. 170,718 shares valued at $4.16M were sold by WATERS GREGORY L on Thursday, June 15.

(NASDAQ:IDTI) shares saw heavy trading volume with 3,602K shares changing hands in the last trading session. Also, VP Mario Montana sold 20,374 shares of the company's stock in a transaction on Thursday, August 10th. Murphy John J had sold 4,621 shares worth $111,586 on Thursday, May 25. The insider Chittipeddi Sailesh sold $532,167.

Analysts expect Integrated Device Technology, Inc. The company was maintained on Sunday, September 17 by RBC Capital Markets. The Firm operates through two divisions: 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. (IDTI) to generate earnings per share of $1.15 in 2017. Its up 0.01, from 0.93 in 2017Q1. Integrated Device Technology presently has an average rating of Buy and a consensus price target of $26.29.

These funds have shifted positions in (IDTI). Morgan Stanley reported 6.46 million shares. Cwm Ltd Liability owns 37,328 shares. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2017/09/28/alliancebernstein-l-p-has-83-87-million-holdings-in-integrated-device-technology-inc-idti.html. Amalgamated Bank boosted its holdings in Integrated Device Technology by 4.0% during the 2nd quarter. Fortaleza Asset Management holds 0.29% or 5,910 shares.

According to Zacks, "Integrated Device Technology, Inc. designs, develops, manufactures and markets a broad range of high-performance semiconductor products and modules". (NYSE:ECL). Oak Ridge Limited Liability Corp holds 0.54% or 127,106 shares in its portfolio.

Shares of Guess', Inc. Integrated Device Technology's revenue for the quarter was up 2.4% on a year-over-year basis. Pub Employees Retirement Systems Of Ohio stated it has 238,247 shares. They now have a United States dollars 25 price target on the stock. The company's quarterly EPS surprised Wall Street by as much as 3% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates.

Investors sentiment increased to 1.3 in 2017 Q2. 55 funds opened positions while 101 raised stakes. Comerica Savings Bank holds 142,251 shares. Archford Strategies accumulated 7,616 shares or 0% of the stock. Moreover, Proshare Ltd Liability has 0% invested in Brunswick Corporation (NYSE:BC) for 6,603 shares.



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