Integrated Device Technology, Inc. (NASDAQ:IDTI) will be issuing its quarterly earnings data after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.34 per share for the quarter.

Integrated Device Technology (NASDAQ:IDTI) last announced its earnings results on Monday, July 31st. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.07). The company had revenue of $196.71 million for the quarter, compared to the consensus estimate of $195.10 million. Integrated Device Technology had a return on equity of 20.34% and a net margin of 14.50%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 EPS. On average, analysts expect Integrated Device Technology to post $1.15 EPS for the current fiscal year and $1.55 EPS for the next fiscal year.

Shares of Integrated Device Technology, Inc. (NASDAQ:IDTI) traded up 2.626% during midday trading on Monday, reaching $28.725. The company’s stock had a trading volume of 498,457 shares. Integrated Device Technology, Inc. has a 12 month low of $19.95 and a 12 month high of $28.74. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 37.305 and a beta of 1.98. The company has a 50-day moving average price of $26.81 and a 200-day moving average price of $25.16.

In other Integrated Device Technology news, Director S Kenneth Kannappan purchased 2,000 shares of the stock in a transaction dated Thursday, August 3rd. The stock was bought at an average price of $24.32 per share, with a total value of $48,640.00. Following the acquisition, the director now owns 18,637 shares of the company’s stock, valued at $453,251.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mario Montana sold 20,374 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $24.43, for a total value of $497,736.82. Following the transaction, the vice president now directly owns 67,443 shares of the company’s stock, valued at approximately $1,647,632.49. The disclosure for this sale can be found here. 1.24% of the stock is currently owned by insiders.

A number of research firms have weighed in on IDTI. Zacks Investment Research downgraded Integrated Device Technology from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Barclays PLC raised their price target on Integrated Device Technology from $22.00 to $24.00 and gave the company an “underweight” rating in a research note on Wednesday, October 18th. KeyCorp restated an “overweight” rating on shares of Integrated Device Technology in a research note on Thursday, September 14th. Bank of America Corporation downgraded Integrated Device Technology from a “neutral” rating to an “underperform” rating and set a $27.00 price target for the company. in a research note on Tuesday, August 1st. Finally, BidaskClub downgraded Integrated Device Technology from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $28.55.

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Integrated Device Technology Company Profile

Integrated Device Technology, Inc develops system-level solutions that optimize its customers’ applications. The Company operates through two segments: the Communications, and the Computing, Consumer and Industrial. It offers products in radio frequency (RF), timing, wireless power transfer, serial switching, interfaces and sensing solutions.

Earnings History for Integrated Device Technology (NASDAQ:IDTI)

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