Integrated Device Technology (NASDAQ:IDTI) to Benefit from Secular Trends

Wedbush has increased their price target on Integrated Device Technology (NASDAQ:IDTI) and reiterated their rating on them, citing their positioning to take advantage of secular trends.

"IDT is positioned to benefit from secular trends of (1) wireless infrastructure, (2) cloud computing, (3) mobility, and (4) video driving Y/Y revenue and earnings growth into FY:13," said Wedbush.

Wedbush maintains their "Outperform" rating on Integrated Device Technology, which closed Wednesday at $7.23, up $0.30, or 4.33 percent. Wedbush has a price target of $10 on them.