The SR. VP & Corporate GM of Integrated Device Tech (NASDAQ: IDTI) is Selling Shares

By Carrie Williams

Yesterday, the SR. VP & Corporate GM of Integrated Device Tech (NASDAQ: IDTI), David Shepard, sold shares of IDTI for $273K.

In addition to David Shepard, 7 other IDTI executives reported Sell trades in the last month. Following David Shepard’s last IDTI Sell transaction on December 18, 2017, the stock climbed by 0.6%.

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Based on Integrated Device Tech’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $225 million and quarterly net profit of $20.71 million. In comparison, last year the company earned revenue of $176 million and had a net profit of $30.21 million. Currently, Integrated Device Tech has an average volume of 1.13M.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $35.00, reflecting a -9.5% downside.

The insider sentiment on Integrated Device Tech has been negative according to 55 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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.