Integrated Device Technology Company Profile (NASDAQ:IDTI)

Integrated Device Technology trades on the NASDAQ under the ticker symbol "IDTI."

Integrated Device Technology, Inc. (NASDAQ:IDTI) issued its earnings results on Monday, July, 31st. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.32 by $0.07. The firm earned $196.71 million during the quarter, compared to analyst estimates of $195.10 million. Integrated Device Technology had a net margin of 14.50% and a return on equity of 20.34%. The firm's revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 EPS. View Integrated Device Technology's Earnings History.

13 analysts have issued 12 month target prices for Integrated Device Technology's shares. Their predictions range from $22.00 to $33.00. On average, they expect Integrated Device Technology's stock price to reach $28.09 in the next year. View Analyst Ratings for Integrated Device Technology.

Here are some recent quotes from research analysts about Integrated Device Technology stock:

• 1. According to Zacks Investment Research, "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. It offers a range of mixed-signal solutions for the communications, computing, consumer, automotive and industrial segments. These products are used for development in areas, such as fourth generation (4G) infrastructure, network communications, cloud datacenters and power management for computing and mobile devices. It offers solutions in designing communications, computing, consumer, automotive and industrial applications. It markets its products to original equipment manufacturers (OEMs) through a range of channels, including direct sales, distributors and electronic manufacturing suppliers (EMSs). " (9/22/2017)
• 2. Needham & Company LLC analysts commented, "After issuing out quarter revenue guidance that fell short of expectations in five out of the last six quarters, IDTI provided better than expected F2Q18 revenue guidance in addition to reporting strong F1Q18 results. With three product cycles (memory interface, wireless power and sensors) ramping, we forecast revenue growth will accelerate into F2H18. IDT should overcome a flat communications market with growth driven by market share gains and new product launches. Management reiterated confidence in its memory interface market position ahead of the ramp of Intel’s Purley server platform. Other drivers include growth in advanced sensing products, the launch of new mmwave products and the ramp of 100G optical products." (8/1/2017)

Some companies that are related to Integrated Device Technology include United Microelectronics Corporation (UMC), Coherent (COHR), Microsemi Corporation (MSCC), Jabil Circuit (JBL), Semiconductor Manufacturing International Corporation (SMI), Siliconware Precision Industries Company (SPIL), Cypress Semiconductor Corporation (CY), Cavium (CAVM), Monolithic Power Systems (MPWR), Silicon Laboratories (SLAB), Advanced Energy Industries (AEIS), Sanmina Corporation (SANM), Tower Semiconductor (TSEM), Vishay Intertechnology (VSH), Cree (CREE), Semtech Corporation (SMTC), Mellanox Technologies (MLNX) and Rogers Corporation (ROG).

Integrated Device Technology's management team includes the folowing people:

• Kenneth Kannappan, Chairman of the Board
• Gregory L. Waters, President, Chief Executive Officer, Director
• Brian C. White, Senior Vice President, Chief Financial Officer
• Sailesh Chittipeddi Ph.D., Executive Vice President - Global Operations and Chief Technical Officer
• Xianzhi Sean Fan, Senior Vice President and Corporate General Manager, Computing and Communications Group
• David R. Shepard, Senior Vice President and Corporate General Manager, Mobility Products Group
• Christophe Allexandre, Senior Vice President - Global Sales and Marketing
• Mario Montana, Vice President and Corporate General Manager, Automotive and Industrial Group
• Matthew D. Brandalise, Vice President, Chief Legal Officer and Corporate Secretary
• Anja Hamilton, Vice President and Chief People Officer

Integrated Device Technology's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.96%), FMR LLC (7.50%), Frontier Capital Management Co. LLC (3.83%), State Street Corp (3.63%), Alliancebernstein L.P. (2.44%) and Dimensional Fund Advisors LP (2.21%). Company insiders that own Integrated Device Technology stock include Brian C White, David Shepard, Gordon W Parnell, Gregory L Waters, John A Schofield, Louise Gaulin, Mario Montana, Matthew D Brandalise, Norman P Taffe, S Kenneth Kannappan, Sailesh Chittipeddi and Xianzhi Sean Fan. View Institutional Ownership Trends for Integrated Device Technology.

Integrated Device Technology's stock was sold by a variety of institutional investors in the last quarter, including Thrivent Financial For Lutherans, State of New Jersey Common Pension Fund D, JPMorgan Chase & Co., Marshall Wace North America L.P., AHL Partners LLP, NJ State Employees Deferred Compensation Plan, Bank of Montreal Can and Kennedy Capital Management Inc.. Company insiders that have sold Integrated Device Technology stock in the last year include Brian C White, David Shepard, Gordon W Parnell, Gregory L Waters, Mario Montana, Matthew D Brandalise, Norman P Taffe, Sailesh Chittipeddi and Xianzhi Sean Fan. View Insider Buying and Selling for Integrated Device Technology.

Integrated Device Technology's stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Vaughan Nelson Investment Management L.P., Hood River Capital Management LLC, Teachers Advisors LLC, Westfield Capital Management Co. LP, Hodges Capital Management Inc., Trigran Investments Inc. and Employees Retirement System of Texas. View Insider Buying and Selling for Integrated Device Technology.

Shares of Integrated Device Technology can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Integrated Device Technology stock can currently be purchased for approximately $26.20.