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.

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