$0.26 EPS Expected for Integrated Device Technology Inc (IDTI)

October 13, 2017 - By Adrian Mccoy

Investors sentiment decreased to 1.08 in 2017 Q2. Its down 0.07, from 1.15 in 2017Q1. It fall, as 31 investors sold Integrated Device Technology Inc shares while 75 reduced holdings. 31 funds opened positions while 84 raised stakes. 126.35 million shares or 4.19% more from 121.26 million shares in 2017Q1 were reported.
Carlson Cap Ltd Partnership invested in 638,880 shares. Envestnet Asset Mngmt Incorporated, a Illinois-based fund reported 17,812 shares. Susquehanna International Llp accumulated 65,270 shares. 11,482 are held by Janney Montgomery Scott Lc. Moreover, Hanson Mcclain Inc has 0% invested in Integrated Device Technology Inc (NASDAQ:IDTI). Panagora Asset has 0% invested in Integrated Device Technology Inc (NASDAQ:IDTI). 221,000 are held by Swiss Financial Bank. Nippon Life Investors Americas Inc holds 100,050 shares or 0.22% of its portfolio. Millennium Management Llc reported 148,828 shares. First Trust Advisors Lp stated it has 0% of its portfolio in Integrated Device Technology Inc (NASDAQ:IDTI). Bancorp Of Montreal Can reported 26,762 shares stake. Goldman Sachs Group Inc reported 418,933 shares stake. New York-based Art Lc has invested 0.01% in Integrated Device Technology Inc (NASDAQ:IDTI). Federated Investors Pa reported 64,034 shares. Credit Agricole S A invested in 0% or 8,763 shares.

Since May 15, 2017, it had 0 insider buys, and 16 sales for $9.48 million activity. 25,314 shares were sold by MONTANA MARIO, worth $657,658. 21,849 shares were sold by Chittipeddi Sailesh, worth $532,167. WHITE BRIAN C also sold $911,375 worth of Integrated Device Technology Inc (NASDAQ:IDTI) shares. BRANDALISE MATTHEW D also sold $385,418 worth of Integrated Device Technology Inc (NASDAQ:IDTI) shares. Another trade for 170,718 shares valued at $4.16M was made by WATERS GREGORY L on Thursday, June 15. Shepard David had sold 4,486 shares worth $107,821 on Monday, May 15.

Wall Street await Integrated Device Technology Inc (NASDAQ:IDTI) to release earnings on October, 30. Analysts forecast earnings per share of $0.26, down exactly $0.02 or 7.14 % from 2014’s $0.28 EPS. The expected IDTI’s profit could reach $34.65 million giving the stock 26.69 P/E in the case that $0.26 earnings per share is reported. After posting $0.25 EPS for the previous quarter, Integrated Device Technology Inc’s analysts now forecast 4.00 % EPS growth. The stock increased 1.13% or $0.31 during the last trading session, reaching $27.76. About 934,926 shares traded. Integrated Device Technology Inc (NASDAQ:IDTI) has risen 12.80% since October 13, 2016 and is uptrending. It has underperformed by 3.90% the S&P500.

Integrated Device Technology Inc (NASDAQ:IDTI) Ratings Coverage

Among 18 analysts covering Integrated Device (NASDAQ:IDTI), 16 have Buy rating, 2 Sell and 0 Hold. Therefore 89% are positive. Integrated Device had 35 analyst reports since August 4, 2015 according to SRatingsIntel. Roth Capital initiated the shares of IDTI in report on Thursday, September 29 with “Buy” rating. The stock of Integrated Device Technology Inc (NASDAQ:IDTI) has “Buy” rating given on Monday, October 26 by Charter Equity. On Wednesday, December 9 the stock rating was maintained by Craig Hallum with “Buy”. The rating was initiated by TH Capital on Thursday, September 29 with “Buy”. As per Wednesday, January 4, the company rating was reinitiated by Pacific Crest. The rating was maintained by Needham on Tuesday, January 31 with “Buy”. On Tuesday, August 1 the stock rating was downgraded by Bank of America to “Underperform”. On Tuesday, February 2 the stock rating was upgraded by Wedbush to “Outperform”. The firm has “Buy” rating by Needham given on Friday, June 16. The company was upgraded on Wednesday, November 2 by Charter Equity.

Integrated Device Technology, Inc. develops system-level solutions that optimize its customers’ applications. The company has market cap of $3.70 billion. The Firm operates through two divisions: the Communications, and the Computing, Consumer and Industrial. It has a 36.25 P/E ratio. It offers products in radio frequency , timing, wireless power transfer, serial switching, interfaces and sensing solutions.

More recent Integrated Device Technology Inc (NASDAQ:IDTI) news were published by: Seekingalpha.com which released: “IDT passes 30M shipped Qi transmitters” on September 15, 2017. Also Marketwired.com published the news titled: “IDT Selects Two STEM Scholarship Awards Through “Acts of Giving” Program” on October 10, 2017. Seekingalpha.com‘s news article titled: “Integrated Device Has More To Offer, But Transitions Can Be Tough” with publication date: September 13, 2017 was also an interesting one.

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