Integrated Device Technology (IDTI) Tops Q2 EPS by 4c
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Integrated Device Technology (IDTI) PT Raised to $34 at Chardan Capital Markets
October 28, 2015 7:44 AM EDTChardan Capital Markets analyst Marc Estigarribia reiterated a Buy rating and boosted his price target on Integrated Device Technology (NASDAQ: IDTI) price target of $34.00 following results and the acquisition of ZDMI.
Estigarribia commented, "We raise our 12-month target to $34 derived using a 2017E forward price to earnings multiple of 20.2x based on a premium to industry average. Healthy double-digit, above market... More
