Analysts expect Integrated Device Technology Inc (NASDAQ:IDTI) to announce $222.77 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Integrated Device Technology’s earnings. The lowest sales estimate is $222.00 million and the highest is $223.30 million. Integrated Device Technology posted sales of $175.70 million in the same quarter last year, which suggests a positive year over year growth rate of 26.8%. The firm is scheduled to announce its next quarterly earnings results on Monday, May 7th.
According to Zacks, analysts expect that Integrated Device Technology will report full year sales of $222.77 million for the current year, with estimates ranging from $840.20 million to $841.50 million. For the next year, analysts expect that the firm will report sales of $921.25 million per share, with estimates ranging from $910.00 million to $935.24 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Integrated Device Technology.
Integrated Device Technology (NASDAQ:IDTI) last released its quarterly earnings data on Monday, January 29th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. Integrated Device Technology had a negative net margin of 0.33% and a positive return on equity of 20.26%. The business had revenue of $217.10 million during the quarter, compared to analyst estimates of $215.32 million. During the same quarter in the previous year, the business earned $0.35 EPS. Integrated Device Technology’s quarterly revenue was up 23.1% compared to the same quarter last year.
In other Integrated Device Technology news, VP David Shepard sold 22,778 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $29.95, for a total transaction of $682,201.10. Following the completion of the transaction, the vice president now owns 58,504 shares of the company’s stock, valued at approximately $1,752,194.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Brian C. White sold 23,297 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $34.00, for a total transaction of $792,098.00. Following the transaction, the senior vice president now directly owns 131,272 shares of the company’s stock, valued at approximately $4,463,248. The disclosure for this sale can be found here. In the last three months, insiders have sold 116,823 shares of company stock valued at $3,647,842. Company insiders own 1.24% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Frontier Capital Management Co. LLC increased its holdings in shares of Integrated Device Technology by 11.9% during the 4th quarter. Frontier Capital Management Co. LLC now owns 5,777,958 shares of the semiconductor company’s stock worth $171,779,000 after purchasing an additional 614,235 shares during the period. Segall Bryant & Hamill LLC increased its holdings in shares of Integrated Device Technology by 1.5% during the 4th quarter. Segall Bryant & Hamill LLC now owns 2,022,314 shares of the semiconductor company’s stock worth $60,123,000 after purchasing an additional 30,489 shares during the period. Trigran Investments Inc. increased its holdings in shares of Integrated Device Technology by 10.7% during the 3rd quarter. Trigran Investments Inc. now owns 1,673,385 shares of the semiconductor company’s stock worth $44,479,000 after purchasing an additional 161,150 shares during the period. Pinnacle Associates Ltd. increased its holdings in shares of Integrated Device Technology by 1.1% during the 3rd quarter. Pinnacle Associates Ltd. now owns 1,669,276 shares of the semiconductor company’s stock worth $44,369,000 after purchasing an additional 18,875 shares during the period. Finally, Rice Hall James & Associates LLC increased its holdings in shares of Integrated Device Technology by 3.5% during the 4th quarter. Rice Hall James & Associates LLC now owns 1,497,827 shares of the semiconductor company’s stock worth $44,530,000 after purchasing an additional 50,100 shares during the period. 96.15% of the stock is owned by hedge funds and other institutional investors.
Integrated Device Technology (NASDAQ:IDTI) traded up $0.41 during mid-day trading on Friday, hitting $31.95. 927,329 shares of the company traded hands, compared to its average volume of 1,514,187. The company has a debt-to-equity ratio of 0.69, a quick ratio of 5.01 and a current ratio of 5.62. Integrated Device Technology has a 1-year low of $22.70 and a 1-year high of $34.13. The firm has a market cap of $4,097.17, a price-to-earnings ratio of -1,064.65, a PEG ratio of 3.01 and a beta of 1.88.
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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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