Integrated Device Technology Inc (NASDAQ:IDTI) announced that its innovative ZMOD3250 gas sensor was selected as a CES 2017 Innovation Awards Honoree, receiving high marks from judges in the embedded technologies product category. IDT will showcase the ZMOD3250 during CES at its booth at Sands Halls A-D 40736.
The IDT® ZMOD3250 family is a miniscule but highly sensitive gas sensor product line that can detect air quality (total VOC) as well as selectively identify several volatile organic compounds, including formaldehyde and ethanol. With dimensions of 3.0 mm x 3.0 mm x 0.7 mm, the chip features a unique silicon microhotplate with nanostructured sensing material that enables a highly sensitive measurement of gas. The accompanying ASIC provides a flexible solution for integrating the sensor with various consumer devices, including mobile phones, wearables and appliances.
The ZMOD3250 was among projects in the embedded technologies category selected by a three-member judging team comprised of an independent industrial designer, an independent engineer and a member of the trade press. Judges looked at such attributes as engineering qualities, aesthetic and design qualities, and the product’s intended use/function and user value.
“We appreciate the judges’ recognition of the ZMOD3250, which was developed to deliver outstanding reliability and flexibility in a very compact form,” said Debra Deininger, director of gas sensing in IDT’s Consumer Sensor Division. “I look forward to meeting with attendees at CES this week to demonstrate how the ZMOD3250 family of sensors can help differentiate their products.” (Original Source)
Shares of Integrated Device Technology are currently rising 0.04% to $24.53, or up $0.01 in pre-market trading Thursday. IDTI has a 1-year high of $25.87 and a 1-year low of $16.22. The stock’s 50-day moving average is $24.40 and its 200-day moving average is $21.80.
On the ratings front, Integrated Device Technology has been the subject of a number of recent research reports. In a report released yesterday, Pacific Crest analyst John Vinh assigned a Buy rating on IDTI, with a price target of $30, which represents a potential upside of 22% from where the stock is currently trading. Separately, on December 6, Loop Capital Markets’ Betsy Van Hees initiated coverage with a Buy rating on the stock and has a price target of $27.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, John Vinh and Betsy Van Hees have a yearly average return of 10.6% and 20.9% respectively. Vinh has a success rate of 58% and is ranked #414 out of 4369 analysts, while Hees has a success rate of 61% and is ranked #117.
Overall, one research analyst has rated the stock with a Sell rating, 5 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $25.50 which is 4.0% above where the stock closed yesterday.
Integrated Device Technology, Inc. designs, develops, manufactures and markets low-power, high-performance mixed signal semiconductor solutions for the advanced communications, computing and consumer industries. It offers communications solutions for customers within the enterprise, data center and wireless markets. The company operates business through two segments: Communications and Computing & Consumer. The Communications segment includes clock and timing solutions, Serial RapidIO switching solutions, Crystal Oscillator replacements, radio frequency, signal path products, flow-control management devices and first in and first out, integrated communications processors, high-speed static random access memory and digital logic and telecommunications products. The Computing & Consumer segment includes clock generation and distribution products, high-performance server memory interfaces, PCI Express switching solutions, signal integrity products, multi-port products, touch controllers, PC audio, power management solutions and video products.