Brokerages expect Integrated Device Technology Inc (NASDAQ:IDTI) to announce earnings of $0.41 per share for the current quarter, according to Zacks. Four analysts have provided estimates for Integrated Device Technology’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.42. Integrated Device Technology reported earnings of $0.35 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 17.1%. The business is expected to report its next quarterly earnings results on Monday, January 29th.

According to Zacks, analysts expect that Integrated Device Technology will report full year earnings of $1.53 per share for the current year, with EPS estimates ranging from $1.51 to $1.54. For the next fiscal year, analysts expect that the business will post earnings of $1.82 per share, with EPS estimates ranging from $1.72 to $1.95. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Integrated Device Technology.

Integrated Device Technology (NASDAQ:IDTI) last issued its quarterly earnings data 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 firm had revenue of $204.40 million during the quarter, compared to analyst estimates of $200.99 million. Integrated Device Technology had a return on equity of 19.65% and a net margin of 13.32%. Integrated Device Technology’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS.

IDTI has been the subject of several research reports. Barclays lifted their target price on Integrated Device Technology from $22.00 to $24.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 18th. Zacks Investment Research upgraded Integrated Device Technology from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. ValuEngine upgraded Integrated Device Technology from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Craig Hallum lifted their target price 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. Finally, KeyCorp reiterated an “overweight” rating on shares of Integrated Device Technology in a research report on Thursday, September 14th. Two analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $32.23.

Integrated Device Technology (NASDAQ:IDTI) opened at $32.32 on Wednesday. The company has a market capitalization of $4,310.00, a P/E ratio of 44.89, a PEG ratio of 3.09 and a beta of 1.97. 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 12-month low of $22.70 and a 12-month high of $33.92.

In related news, VP Chris Allexandre sold 1,028 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $32.23, for a total value of $33,132.44. Following the sale, the vice president now owns 49,936 shares of the company’s stock, valued at approximately $1,609,437.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Brian C. White sold 8,417 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The stock was 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 directly owns 108,737 shares in the company, valued at approximately $3,533,952.50. The disclosure for this sale can be found here. In the last three months, insiders sold 105,264 shares of company stock worth $3,310,127. Company insiders own 1.24% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in IDTI. Schwab Charles Investment Management Inc. lifted its holdings in shares of Integrated Device Technology by 4.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 740,070 shares of the semiconductor company’s stock worth $19,087,000 after purchasing an additional 29,121 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Integrated Device Technology by 20.9% in the 2nd quarter. Legal & General Group Plc now owns 103,444 shares of the semiconductor company’s stock worth $2,671,000 after purchasing an additional 17,853 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of Integrated Device Technology by 0.9% in the 2nd quarter. Prudential Financial Inc. now owns 89,897 shares of the semiconductor company’s stock worth $2,318,000 after purchasing an additional 784 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of 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 worth $134,000 after purchasing an additional 525 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Integrated Device Technology by 2.1% in the 2nd quarter. Principal Financial Group Inc. now owns 562,271 shares of the semiconductor company’s stock worth $14,501,000 after purchasing an additional 11,635 shares during the last quarter. 96.22% of the stock is currently owned by institutional investors and hedge funds.

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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.

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