Integrated Device Technology (IDTI) in Focus: Stock Tumbles 9.2%
Integrated Device Technology, Inc. (IDTI) saw a big move last session, as the company’s shares fell over 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $14.69 to $15.85 since July 3.
The provider of mixed-signal semiconductor solutions has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
IDTI currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0%.
Some better-ranked stocks in the same sector include FormFactor Inc. (FORM), OmniVision Technologies, Inc. (OVTI) and Semiconductor Manufacturing International Corp. (SMI). All these stocks carry a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
INTEGRATED DEVICE TECH (IDTI): Free Stock Analysis Report
FORMFACTOR INC (FORM): Free Stock Analysis Report
OMNIVISION TECH INC (OVTI): Free Stock Analysis Report
SEMICONDUCTOR MFG INTL CORP (SMI): Free Stock Analysis Report
Zacks Investment Research
