Reaffirmed: Integrated Device Technology (NASDAQ:IDTI) Buy Rating Has Been Maintained by research analysts Craig Hallum; $33.00 Target in Place

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Integrated Device Technology (NASDAQ:IDTI) Rating Reaffirmed

In a recent research report sent to investors and clients this morning, Craig Hallum has decided to reaffirm their Buy rating on Integrated Device Technology (NASDAQ:IDTI) shares. The target PPS could mean a possible upside of 15.47% from company’s stock close price.

From a total of 9 analysts covering Integrated Device (NASDAQ:IDTI) stock, 8 rate it a ”Buy”, 1 a “Sell”, and 1 a ”Hold”. This means that 80% of the ratings are positive. The highest target price is $37 while the lowest target price is $21. The mean of all analyst targets is $30.33 with a -4.87% below today’s ($28.73) stock price. Integrated Device was the topic of 8 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Dougherty & Company maintained shares on October 27 with “Buy” rating. Chardan Capital Markets maintained shares with “Buy” rating and $32 target share price in a report from an August 4. Charter Equity initiated IDTI stock in a recent report from October 26 with “Buy” rating. Finally, Zacks upgraded the stock to “Hold” rating in a report issued on an August 6.

Approximately 1.13M shares of stock traded hands. Integrated Device Technology Inc (NASDAQ:IDTI) has risen 51.16% since April 28, 2015 and is uptrending. It has outperformed by 52.78% the S&P500.

Integrated Device Technology, Inc. is a developer of mixed-signal semiconductor solutions. The company has a market cap of $4.19 billion. The Firm offers semiconductors for communications infrastructure in both wired and wireless. It has 28.56 P/E ratio. It designs, develops, makes and markets a range of semiconductor.

According to Zacks Investment Research, “Integrated Device Technology, Inc. designs, develops, manufactures and markets a broad range of high-performance semiconductor products and modules. Applications for the company’s products include data and telecommunications equipment, such as routers, hubs, switches, cellular base stations and other devices; personal computers; and networked peripherals and servers, such as RAID arrays, servers, and printers.” Get a free copy of the Zacks research report on Integrated Device Technology Inc (IDTI)

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