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Stocks Buzz: Integrated Device Technology, Inc. (IDTI), Tesoro Corporation (TSO), SLM Corporation (SLM)

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Integrated Device Technology, Inc. (IDTI) managed to rebound with the stock climbing 0.16% or $0.04 to close the day at $25.23 on active trading volume of 2.59M shares, compared to its three month average trading volume of 1.92M. The San Jose California 95138 based company has been outperforming the semiconductor – broad line group over the past 52 weeks, with the stock gaining 35.14%, compared to the industry which has advanced 44.63% over the same period. With RSI of 54.32, the stock should still continue to rise and get closer to its one year target estimate of $27, making it a hold for now.

Integrated Device Technology, Inc. designs, develops, manufactures, and markets a range of semiconductor solutions for the communications, computing, consumer, automotive, and industrial end-markets worldwide. It operates in two segments, Communications; and Computing, Consumer, and Industrial. The Communications segment offers communication timing products, such as clocks and timing solutions; flow-control management devices comprising Serial RapidIO switching solutions; multi-port products; telecommunications products; static random access memory products; first in and first out memories; digital logic products; radio frequency products; and frequency control solutions. The Computing, Consumer, and Industrial segment provides clock generation and distribution products, programmable timing devices, computing timing solutions, high-performance server memory interfaces, PCI Express switching solutions, power management solutions, and signal integrity products, as well as sensing products for mobile, automotive, and industrial solutions. The company markets its products primarily to original equipment manufacturers through various channels, including direct sales, distributors, electronic manufacturing suppliers, and independent sales representatives. Integrated Device Technology, Inc. was founded in 1980 and is headquartered in San Jose, California.

Tesoro Corporation (TSO) grew with the stock adding 0.16% or $0.13 to close at $80.98 on active trading volume of 2.58M compared its three months average trading volume of 2.49M. The San Antonio Texas 78259 based company operating under the Oil & Gas Refining & Marketing industry has been trending up for the last 52 weeks, with the shares price now 3.27% up for the period and down by -7.4% so far this year. With price target of $105.13 and a 22.66% rebound from 52-week low, Tesoro Corporation has plenty of upside potential, making it a hold with a view buy.

Tesoro Corporation, through its subsidiaries, operates as an independent petroleum refining, logistics, and marketing company in the United States. Its Refining segment refines crude oil and other feed stocks into transportation fuels, such as gasoline, gasoline blend stocks, jet fuel, and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas, petroleum coke, calcined coke, and asphalt. This segment also sells refined products in the wholesale market primarily through independent unbranded distributors; and in the bulk market primarily to independent unbranded distributors, other refining and marketing companies, utilities, railroads, airlines, marine, and industrial end-users in the western United States. It owns and operates 6 refineries with a combined crude oil capacity of approximately 875 thousand barrels per day. The company’s TLLP segment owns and operates a network of approximately 3,500 miles of crude oil, refined products, and natural gas pipelines; 29 crude oil and refined products truck and marine terminals; and approximately 15 million barrels of storage capacity. This segment also owns and operates four natural gas processing complexes and one fractionation facility. The company’s Marketing segment sells gasoline and diesel fuel through retail stations, and third-party branded dealers and distributors in the western United States. As of December 31, 2015, this segment operated a network of 2,397 retail stations under the ARCO, Shell, Exxon, Mobil, USA Gasoline, and Tesoro brands. The company was formerly known as Tesoro Petroleum Corporation and changed its name to Tesoro Corporation in November 2004. Tesoro Corporation was founded in 1968 and is headquartered in San Antonio, Texas.

SLM Corporation (SLM) failed to extend gains with the stock declining -0.34% or $-0.04 to close the day at $11.84 on lower than average trading volume of 2.58M shares, compared to its three month average trading volume of 4.52M. The Newark Delaware 19713 based company has been outperforming the credit services companies by 67.8961% for last three months and its recent gains have pushed the stock slightly up 7.44% YTD, versus the credit services industry which is up 1.93% for the same period. The RSI of 63.8 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

SLM Corporation, together with its subsidiaries, operates as a saving, planning, and paying for education company in the United States. It offers private education loans to students and their families. The company also provides banking products, such as certificates of deposits, money market deposit accounts, and high yield savings accounts; and a consumer savings network that offers financial rewards on everyday purchases to help families save for college. SLM Corporation was founded in 1972 and is headquartered in Newark, Delaware.

 

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