Integrated Device Tech (NASDAQ: IDTI) received a Hold rating and a $49 price target from Susquehanna analyst Christopher Rolland today. The company’s shares closed yesterday at $42.08, close to its 52-week high of $43.95.
According to TipRanks.com, Rolland is a 4-star analyst with an average return of 9.1% and a 61.4% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as Power Integrations, Texas Instruments, and Maxim Integrated.
Integrated Device Tech has an analyst consensus of Moderate Buy, with a price target consensus of $40.75, implying a -3.2% downside from current levels. In a report issued on September 4, Needham also maintained a Hold rating on the stock.
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The company has a one-year high of $43.95 and a one-year low of $25.11. Currently, Integrated Device Tech has an average volume of 1.45M.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock.
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Integrated Device Technology, Inc. designs, develops, manufactures and markets semiconductor and system-level solutions for the advanced communications, computing, consumer, automotive, industrial and Internet-of-things markets. The company operates its business through the following segments: Communications, and Computing, Consumer & Industrial.
