Economy

Integrated Device Technology, Inc. (IDTI) Releases Quarterly Earnings Results

(NASDAQ:IDTI), 1 rate it "Buy", 9 "Outperform", 1 "Underperform", 2 "Sell", while 0 "Hold". It has been assigned a low target price of $ and a high target price of $.

ILLEGAL ACTIVITY NOTICE: "Integrated Device Technology, Inc". It offers solutions in designing communications, computing, consumer, automotive and industrial applications. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.34 by $0.01.

Other equities research analysts have also recently issued reports about the company.

Integrated Device Technology, Inc. on 9/29/2017 reported its EPS as $0.35 with the analysts projecting the EPS of the stock as $0.34. Fidelity Management and Research Company is the second biggest holder with 9 million shares now valued at 243.52 million whilst BlackRock Fund Advisors has 9 million shares valued at 236.34 million. The current price change puts the market capitalization at $3.81 bln.

Integrated Device Technology, Inc. The firm had revenue of $204.40 million for the quarter, compared to analysts' expectations of $200.99 million. Earnings, with 13 analysts believing the company would generate an Average Estimate of $0.4. During the same quarter a year ago, the business earned $0.34 EPS.

United Kingdom based company CNH Industrial N.V. (CNHI)'s latest closing price was 11.89% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 3.24% and 0.36% compared with the 20 Day Moving Average. Integrated Device Technology has a 52 week low of $21.72 and a 52 week high of $29.06. The shares were sold at an average price of $24.43, for a total value of $497,736.82. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Following the completion of the transaction, the director now owns 18,637 shares of the company's stock, valued at $453,251.84. If you are accessing this story on another domain, it was stolen and republished in violation of global copyright and trademark legislation. Also, VP Mario Montana sold 20,374 shares of the firm's stock in a transaction on Thursday, August 10th. The short sellers then promise to replace the stock in the future and makes dividend payments out of their own pockets to cover the dividend income that is no longer exists on the original, now borrowed and sold, shares. The disclosure for this sale can be found here. Company insiders own 1.24% of the company's stock. Vanguard Group Inc. now owns 10,548,562 shares of the semiconductor company's stock worth $249,684,000 after buying an additional 416,108 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of Integrated Device Technology by 0.6% in the second quarter. Institutional investors and hedge funds own 96.44% of the company's stock. Northwestern Mutual Investment Management Company LLC now owns 23,071 shares of the semiconductor company's stock valued at $464,000 after buying an additional 78 shares in the last quarter. Oakbrook Investments LLC increased its position in shares of Integrated Device Technology by 1.5% in the second quarter. State of New Jersey Common Pension Fund D now owns 2,765,000 shares of the company's stock valued at $63,872,000 after buying an additional 100,000 shares in the last quarter. Oakbrook Investments LLC raised its stake in Integrated Device Technology by 1.5% in the second quarter. Finally, Geode Capital Management LLC grew its position in shares of Integrated Device Technology by 3.6% in the 1st quarter. Renaissance Technologies LLC now owns 2,845,753 shares of the company's stock valued at $58,167,000 after buying an additional 404,100 shares in the last quarter. Finally, Baird Financial Group Inc. raised its stake in Integrated Device Technology by 19.3% in the second quarter.



Like this

Latest


31 October 2017
Jose Mourinho "disappointed" with Manchester United fans' lack of support
Jurgen Klopp got one over on his best mate and fellow manager David Wagner as Liverpool beat Huddersfield 3-0 at Anfield. There was also an uninspiring performance in the Champions League against Benfica sandwiched between those two displays.

31 October 2017
Verition Fund Management LLC Has $467000 Position in CME Group Inc. (CME)
BidaskClub raised CME Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, September 27th. Sumitomo Mitsui Tru Holdings Incorporated holds 1.09 million shares. 1,678 were reported by Salem Invest Counselors.

31 October 2017
Will Microsoft Sell Hardware in Windows 10 Built-In Store?
On July 29, 2016, Microsoft ended the free Windows 10 upgrade offer for the owners of Windows 7 and 8.1 machines. If are still using the old Windows operating system, you should upgrade it in next 2 months.

31 October 2017
Alabama DB Deionte Thompson indicted in Spring Break beach brawl
Alabama redshirt sophomore DB Deionte Thompson was indicted on an assault charge on Monday stemming from an arrest this spring. One woman told Galveston County Sheriff's Office detectives that she saw Frillou get hit by Morris Joseph.

31 October 2017
WhatsApp to bring in-chat payment option to India by December
Further, once the user taps the Rupee button, then he/she will be able to either send or request money from another contact. The feature allows users to share their location with a friend of theirs for a period of 15 minutes, 1 hour or 8 hours.

31 October 2017
S/African fuel prices set to go up in November - Ministry
Following a bleak mini-budget report by finance minister Malusi Gigaba last week, the rand reached its weakest point in 2017 at R14.24 to the United States dollar.

31 October 2017
What Are Analysts Report About Express Scripts Holding Company (ESRX)
The stock of Express Scripts Holding Company (NASDAQ: ESRX ) earned "Outperform" rating by Credit Suisse on Tuesday, April 26. Tompkins Financial Corp increased Mcdonalds Corp Com (NYSE:MCD) stake by 20,679 shares to 27,057 valued at $4.14M in 2017Q2.

31 October 2017
Tips For Effortless Stocks: Shopify Inc. (NYSE:SHOP)
The stock of Shopify Inc (US) (NYSE: SHOP ) has "Buy" rating given on Thursday, February 18 by Canaccord Genuity. As of quarter end Intact Investment Management Inc. had acquired 1,400 shares growing its holdings by 10.4%.

31 October 2017
Eastern Libya town reports airstrike kills, wounds dozens
It is now under the control of an alliance of extremists and former members of the "Shura Council of the Derna Mujahideen". A 2015 UN-backed peace deal has failed to unite warring factions.

31 October 2017
Oil price remains above $60 per barrel, but for how long?
Some analysts warn that even if the meeting's outcome is an extension to the cuts, the market could pull back. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 0.1% at $54.19 a barrel.



Recommended