Integrated Device Technology, Inc. ( IDTI ) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock is now up 44.19% since Oct 13.
The stock has seen two positive estimate revisions in the past 30 days. The Zacks Consensus Estimate has also moved up over the same time frame, suggesting that more solid trading could be ahead for Integrated Device Technology. So make sure to keep an eye on this stock going forward to see if the latest jump can turn into more strength down the road.
Integrated Device Technology carries a Zacks Rank #2 (Buy), while its Earnings ESP is 0.00%.
Investors interested in the semiconductor - broad line industry may also consider stocks like Ambarella, Inc. ( AMBA ), AXT Inc. ( AXTI ) and FormFactor Inc. ( FORM ), all sporting a Zacks Rank #1 (Strong Buy).
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