Canaccord Genuity Reiterates a 'Buy' on Integrated Device Technology (IDTI); This Looks Like the Last Cut

Canaccord Genuity reiterates a 'Buy' on Integrated Device Technology (NASDAQ: IDTI) price target of $7.00.

Canaccord analyst, Bobby Burleson, said, "Reduced PC clocks exposure and ramping LTE and servers should drive strong top line growth and upside to our estimates by the June quarter. Near term, we are lowering our estimates on conservative guidance, which includes weakness across all verticals, and, believing this to be the last cut."

For more ratings news on Integrated Device Technology click here and for the rating history of Integrated Device Technology click here.

Shares of Integrated Device Technology closed at $6.08 yesterday.

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