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.
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.
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