Integrated Device Technology, Inc. (NASDAQ:IDTI) – Investment analysts at Dougherty & Co issued their Q3 2018 earnings estimates for Integrated Device Technology in a research note issued on Wednesday. Dougherty & Co analyst C. Anderson anticipates that the semiconductor company will post earnings per share of $0.32 for the quarter. Dougherty & Co has a “Buy” rating and a $33.00 price target on the stock. Dougherty & Co also issued estimates for Integrated Device Technology’s Q4 2018 earnings at $0.35 EPS.

Integrated Device Technology (NASDAQ:IDTI) last announced its earnings results on Monday, October 30th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. Integrated Device Technology had a net margin of 13.32% and a return on equity of 19.65%. The firm had revenue of $204.40 million for the quarter, compared to analyst estimates of $200.99 million. During the same quarter in the prior year, the business posted $0.34 EPS. The business’s revenue was up 11.1% compared to the same quarter last year.

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IDTI has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Integrated Device Technology from a “buy” rating to a “hold” rating in a research report on Friday. Barclays PLC increased their target price on shares of Integrated Device Technology from $22.00 to $24.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 18th. KeyCorp reaffirmed a “buy” rating and set a $30.00 price target on shares of Integrated Device Technology in a report on Friday, September 1st. Loop Capital reaffirmed a “buy” rating and set a $29.00 price target on shares of Integrated Device Technology in a report on Tuesday, August 22nd. Finally, Bank of America Corporation downgraded shares of Integrated Device Technology from a “neutral” rating to an “underperform” rating and set a $27.00 price target for the company. in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. Integrated Device Technology presently has an average rating of “Buy” and a consensus price target of $31.58.

Shares of Integrated Device Technology (NASDAQ:IDTI) traded up $1.05 during trading hours on Monday, hitting $32.35. 1,255,855 shares of the company’s stock were exchanged, compared to its average volume of 1,452,150. The stock has a market cap of $4,176.83, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 3.02 and a beta of 1.98. The company has a current ratio of 5.42, a quick ratio of 4.80 and a debt-to-equity ratio of 0.62.

Large investors have recently modified their holdings of the stock. Riverhead Capital Management LLC lifted its stake in Integrated Device Technology by 77.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,790 shares of the semiconductor company’s stock valued at $124,000 after purchasing an additional 2,090 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Integrated Device Technology by 15.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,935 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 670 shares during the last quarter. Advisor Group Inc. lifted its stake in Integrated Device Technology by 13.7% in the 2nd quarter. Advisor Group Inc. now owns 4,964 shares of the semiconductor company’s stock valued at $129,000 after purchasing an additional 600 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Integrated Device Technology by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,182 shares of the semiconductor company’s stock valued at $134,000 after purchasing an additional 525 shares during the last quarter. Finally, Fortaleza Asset Management Inc. bought a new position in Integrated Device Technology in the 2nd quarter valued at approximately $152,000. 96.20% of the stock is owned by institutional investors and hedge funds.

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