An investigation for investors in NASDAQ:IDTI shares over potential securities laws violations by Integrated Device Technology was announced.
Investors who purchased shares of Integrated Device Technology Inc (NASDAQ:IDTI), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on whether a series of statements by Integrated Device Technology regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Integrated Device Technology Inc reported that its Total Revenue rose from $484.45 million for the 52 weeks period that ended on March 31, 2013 to $572.90 million for the 52 weeks period that ended on March 29, 2015 and that its Net Income for those respective time periods increased from $2.71 million to $114.58 million. Shares of Integrated Device Technology Inc (NASDAQ:IDTI) grew from $6.65 per share in April 2013 to as high as $28.83 per share in December 2015.
Then on February 1, 2016, Integrated Device Technology Inc reported its third quarter fiscal 2016 financial results. Shares of Integrated Device Technology Inc (NASDAQ:IDTI) declined to as low as $17.52 per share on February 3, 2016.
On March 4, 2016, NASDAQ:IDTI shares closed at $20.61 per share.
Those who purchased shares of Integrated Device Technology Inc (NASDAQ:IDTI) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
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