Dougherty & Co Weighs in on Integrated Device Technology, Inc.’s Q3 2018 Earnings (IDTI)
Integrated Device Technology, Inc. (NASDAQ:IDTI) – Investment analysts at Dougherty & Co issued their Q3 2018 EPS estimates for shares of 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 objective 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 issued 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. The company 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%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $0.34 EPS. ILLEGAL ACTIVITY NOTICE: “Dougherty & Co Weighs in on Integrated Device Technology, Inc.’s Q3 2018 Earnings (IDTI)” was first posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://www.watchlistnews.com/dougherty-co-weighs-in-on-integrated-device-technology-inc-s-q3-2018-earnings-idti/1685921.html.
A number of other equities analysts have also issued reports on the company. Barclays PLC raised their target price on Integrated Device Technology from $22.00 to $24.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 18th. KeyCorp reiterated a “buy” rating and set a $30.00 price objective on shares of Integrated Device Technology in a research note on Friday, September 1st. Zacks Investment Research upgraded Integrated Device Technology from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Integrated Device Technology in a research note on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $31.58.
Shares of Integrated Device Technology (IDTI) traded up $1.71 during mid-day trading on Monday, reaching $33.01. The company had a trading volume of 3,739,991 shares, compared to its average volume of 1,470,000. The stock has a market cap of $4,380.00, 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 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 one year low of $21.80 and a one year high of $33.33.
In other news, VP Mario Montana sold 20,374 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $24.43, for a total transaction of $497,736.82. Following the sale, the vice president now directly owns 67,443 shares in the company, valued at approximately $1,647,632.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.24% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of IDTI. Riverhead Capital Management LLC grew its position in shares of Integrated Device Technology by 77.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,790 shares of the semiconductor company’s stock valued at $124,000 after acquiring an additional 2,090 shares during the period. Public Employees Retirement System of Ohio boosted its holdings 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 worth $127,000 after buying an additional 670 shares during the last quarter. Advisor Group Inc. boosted its holdings 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 worth $129,000 after buying an additional 600 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings 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 worth $134,000 after buying an additional 525 shares during the last quarter. Finally, Fortaleza Asset Management Inc. acquired a new stake in Integrated Device Technology in the 2nd quarter worth about $152,000. Hedge funds and other institutional investors own 96.20% of the company’s stock.
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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