Integrated Device Technology (IDTI) to Release Earnings on Monday

Integrated Device Technology (NASDAQ:IDTI) is scheduled to post its quarterly earnings results after the market closes on Monday, January 29th. Analysts expect Integrated Device Technology to post earnings of $0.40 per share for the quarter.

Integrated Device Technology (NASDAQ:IDTI) last posted its quarterly earnings data on Monday, October 30th. The semiconductor company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Integrated Device Technology had a return on equity of 19.65% and a net margin of 13.32%. The business had revenue of $204.40 million for the quarter, compared to analysts’ expectations of $200.99 million. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. On average, analysts expect Integrated Device Technology to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Integrated Device Technology (IDTI) opened at $33.58 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 5.42 and a quick ratio of 4.80. Integrated Device Technology has a 1 year low of $22.70 and a 1 year high of $33.92. The firm has a market capitalization of $4,460.60, a price-to-earnings ratio of 46.00, a price-to-earnings-growth ratio of 3.24 and a beta of 1.97.

Several research analysts have weighed in on the company. Loop Capital boosted their price objective on Integrated Device Technology from $29.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research raised Integrated Device Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Craig Hallum boosted their price objective on Integrated Device Technology from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. KeyCorp reissued a “buy” rating and issued a $33.00 price objective on shares of Integrated Device Technology in a research report on Wednesday, November 1st. Finally, ValuEngine raised Integrated Device Technology from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $32.62.

In other Integrated Device Technology news, insider Xianzhi Sean Fan sold 67,041 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $31.72, for a total value of $2,126,540.52. Following the sale, the insider now directly owns 138,993 shares in the company, valued at $4,408,857.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Brian C. White sold 8,417 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $32.50, for a total value of $273,552.50. Following the completion of the sale, the senior vice president now owns 108,737 shares in the company, valued at $3,533,952.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 105,264 shares of company stock worth $3,310,127. Corporate insiders own 1.24% of the company’s stock.

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About Integrated Device Technology

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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