Home / Market Movers / Integrated Device Technology Inc. (IDTI) Leads Tech Stocks with 3.92% at Midday on September 22

Integrated Device Technology Inc. (IDTI) Leads Tech Stocks with 3.92% at Midday on September 22

Integrated Device Technology Inc. (IDTI) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the technology sector during morning trading on September 22. At the lunch break, shares of IDTI have risen 3.92% to $22.03 after closing the day prior at $21.2. In the first two and a half hours of trading, the stock has gone as high as $22.13 and as low as $21.2. Today’s rise has come with about 1.42 million shares changing hands, compared to an average 30-day volume of 1.69 million for Integrated Device Technology Inc.. The price is currently below the 30-day volume weighted average price of $21.85 for IDTI.

The share appreciation gives the company a market capitalization of $2.85 billion based upon 134.32 million shares outstanding. It also means that IDTI has a price-to-book ratio of 4.02:1.

In the past 52 weeks, shares of IDTI have traded as low as $16.2199 and as high as $29.04. Technical traders will take note that at $22.03, shares of IDTI are trading above their 200-day MA at $21.47 and above their 50-day MA at $20.5. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is IDTI?

Integrated Device Technology Inc designs, develops, manufactures and markets low-power, high-performance mixed signal semiconductor solutions for the communications, computing and consumer industries. The company’s 1767 employees are led by CEO Gregory L. Waters from the corporate headquarters at 6024 Silver Creek Valley Road in San Jose, CA.

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