News coverage about Integrated Device Technology (NASDAQ:IDTI) has been trending somewhat negative this week, according to Alpha One Sentiment Analysis. The research group, a service of Accern, ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Integrated Device Technology earned a media sentiment score of -0.06 on Alpha One’s scale. Alpha One also assigned news headlines about the semiconductor company an impact score of 60 out of 100, indicating that recent media coverage is somewhat likely to have an effect on the company’s share price in the near future.

Here are some of the headlines that may have effected Alpha One’s rankings:

Insider Buying and Selling by Quarter for Integrated Device Technology (NASDAQ:IDTI)

Integrated Device Technology (IDTI) traded up 0.37% during trading on Friday, hitting $24.50. 2,132,341 shares of the stock were exchanged. Integrated Device Technology has a 12-month low of $18.49 and a 12-month high of $26.66. The stock has a 50 day moving average price of $24.43 and a 200-day moving average price of $24.33. The firm has a market capitalization of $3.26 billion, a PE ratio of 30.66 and a beta of 1.93.

Integrated Device Technology (NASDAQ:IDTI) last posted its quarterly earnings data on Monday, May 1st. The semiconductor company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. The business had revenue of $175.70 million for the quarter, compared to analysts’ expectations of $175.05 million. Integrated Device Technology had a net margin of 15.17% and a return on equity of 21.80%. The firm’s revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 EPS. On average, equities research analysts anticipate that Integrated Device Technology will post $1.50 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on the company. Longbow Research assumed coverage on Integrated Device Technology in a research report on Friday, June 9th. They set a “buy” rating and a $31.00 price objective for the company. Zacks Investment Research upgraded Integrated Device Technology from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. Needham & Company LLC increased their target price on Integrated Device Technology from $28.00 to $32.00 and gave the company a “buy” rating in a report on Friday. Goldman Sachs Group, Inc. (The) assumed coverage on Integrated Device Technology in a report on Monday, April 17th. They issued a “neutral” rating and a $24.00 target price for the company. Finally, BidaskClub lowered Integrated Device Technology from a “strong-buy” rating to a “buy” rating in a report on Thursday. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $26.77.

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In related news, CEO Gregory L. Waters sold 170,718 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $24.36, for a total value of $4,158,690.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Sailesh Chittipeddi sold 2,834 shares of the business’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $23.21, for a total transaction of $65,777.14. Following the completion of the sale, the senior vice president now directly owns 172,633 shares in the company, valued at $4,006,811.93. The disclosure for this sale can be found here. Insiders sold a total of 291,850 shares of company stock worth $7,155,023 over the last ninety days. 1.38% of the stock is currently owned by insiders.

About Integrated Device Technology

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.

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