Integrated Device Technology, Inc. (NASDAQ:IDTI) – Equities researchers at KeyCorp lifted their Q3 2018 earnings per share (EPS) estimates for shares of Integrated Device Technology in a report released on Monday. KeyCorp analyst J. Vinh now anticipates that the semiconductor company will post earnings per share of $0.33 for the quarter, up from their previous estimate of $0.31. KeyCorp has a “Buy” rating and a $33.00 price target on the stock. KeyCorp also issued estimates for Integrated Device Technology’s Q4 2018 earnings at $0.35 EPS.

Several other analysts also recently weighed in on IDTI. Summit Redstone upgraded Integrated Device Technology from a “hold” rating to a “buy” rating in a research report on Tuesday. Loop Capital boosted their price objective on Integrated Device Technology from $29.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays PLC boosted their price objective on Integrated Device Technology from $24.00 to $28.00 and gave the company an “underweight” rating in a research report on Tuesday. Bank of America Corporation boosted their price objective on Integrated Device Technology from $27.00 to $30.00 and gave the company an “underperform” rating in a research report on Tuesday. Finally, BidaskClub downgraded Integrated Device Technology from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $31.08.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/11/02/keycorp-comments-on-integrated-device-technology-inc-s-q3-2018-earnings-idti.html. Integrated Device Technology (NASDAQ:IDTI) last released its earnings results on Monday, October 30th. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $204.40 million during the quarter, compared to the consensus estimate of $200.99 million. Integrated Device Technology had a net margin of 13.32% and a return on equity of 19.65%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 EPS.

Several institutional investors have recently made changes to their positions in IDTI. FMR LLC raised its holdings in shares of Integrated Device Technology by 63.4% during the second quarter. FMR LLC now owns 9,999,837 shares of the semiconductor company’s stock valued at $257,896,000 after acquiring an additional 3,878,581 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Integrated Device Technology by 57.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,487,425 shares of the semiconductor company’s stock valued at $64,151,000 after acquiring an additional 907,200 shares in the last quarter. Hood River Capital Management LLC bought a new position in shares of Integrated Device Technology during the second quarter valued at approximately $15,608,000. Hodges Capital Management Inc. raised its holdings in shares of Integrated Device Technology by 135.8% during the third quarter. Hodges Capital Management Inc. now owns 991,500 shares of the semiconductor company’s stock valued at $26,354,000 after acquiring an additional 571,025 shares in the last quarter. Finally, Teachers Advisors LLC raised its holdings in shares of Integrated Device Technology by 202.2% during the second quarter. Teachers Advisors LLC now owns 777,944 shares of the semiconductor company’s stock valued at $20,063,000 after acquiring an additional 520,484 shares in the last quarter. Institutional investors own 96.44% of the company’s stock.

In related news, VP Mario Montana sold 20,374 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $24.43, for a total transaction of $497,736.82. Following the completion of the transaction, the vice president now owns 67,443 shares in the company, valued at $1,647,632.49. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.24% of the stock is owned by corporate insiders.

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 and Estimates for Integrated Device Technology (NASDAQ:IDTI)

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