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Integrated Device Technology (IDTI) in Focus: Stock Tumbles 9.2%

Zacks Equity Research

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).

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INTEGRATED DEVICE TECH (IDTI): Free Stock Analysis Report

FORMFACTOR INC (FORM): Free Stock Analysis Report

OMNIVISION TECH INC (OVTI): Free Stock Analysis Report


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