Analysts predict that Integrated Device Technology Inc (NASDAQ:IDTI) will announce $0.44 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Integrated Device Technology’s earnings, with estimates ranging from $0.44 to $0.45. Integrated Device Technology posted earnings per share of $0.35 in the same quarter last year, which would indicate a positive year-over-year growth rate of 25.7%. The firm is expected to announce its next earnings report on Monday, May 7th.

On average, analysts expect that Integrated Device Technology will report full year earnings of $1.53 per share for the current fiscal year, with EPS estimates ranging from $1.52 to $1.54. For the next financial year, analysts forecast that the business will report earnings of $1.75 per share, with EPS estimates ranging from $1.70 to $1.90. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Integrated Device Technology.

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Integrated Device Technology (NASDAQ:IDTI) last released its earnings results on Monday, January 29th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $217.10 million for the quarter, compared to the consensus estimate of $215.32 million. During the same quarter in the previous year, the company earned $0.35 EPS. Integrated Device Technology’s quarterly revenue was up 23.1% compared to the same quarter last year.

IDTI has been the topic of a number of research reports. ValuEngine upgraded shares of Integrated Device Technology from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. BidaskClub upgraded shares of Integrated Device Technology from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Needham & Company LLC reiterated a “buy” rating and set a $38.00 target price (up previously from $36.00) on shares of Integrated Device Technology in a research report on Tuesday, January 30th. Craig Hallum reiterated a “buy” rating and set a $40.00 target price (up previously from $36.00) on shares of Integrated Device Technology in a research report on Tuesday, January 30th. Finally, KeyCorp reiterated a “buy” rating on shares of Integrated Device Technology in a research report on Monday, January 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $33.36.

In other Integrated Device Technology news, SVP Brian C. White sold 23,297 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $34.00, for a total transaction of $792,098.00. Following the completion of the sale, the senior vice president now owns 131,272 shares in the company, valued at approximately $4,463,248. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brian C. White sold 15,583 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $33.00, for a total transaction of $514,239.00. Following the sale, the senior vice president now owns 123,558 shares of the company’s stock, valued at approximately $4,077,414. The disclosure for this sale can be found here. Insiders have sold a total of 143,766 shares of company stock valued at $4,567,500 in the last 90 days. 1.24% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of IDTI. Public Employees Retirement System of Ohio grew its stake in shares of 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 acquiring an additional 670 shares in the last quarter. Nationwide Fund Advisors grew its stake in shares of Integrated Device Technology by 5.0% in the 3rd quarter. Nationwide Fund Advisors now owns 362,854 shares of the semiconductor company’s stock worth $9,645,000 after acquiring an additional 17,440 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Integrated Device Technology in the 3rd quarter worth $451,000. Victory Capital Management Inc. bought a new stake in shares of Integrated Device Technology in the 3rd quarter worth $1,475,000. Finally, Principal Financial Group Inc. grew its stake in shares of Integrated Device Technology by 0.7% in the 3rd quarter. Principal Financial Group Inc. now owns 566,001 shares of the semiconductor company’s stock worth $15,044,000 after acquiring an additional 3,730 shares in the last quarter. Hedge funds and other institutional investors own 97.11% of the company’s stock.

Integrated Device Technology stock opened at $32.91 on Monday. 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 stock has a market cap of $4,327.44, a price-to-earnings ratio of -1,106.63, a P/E/G ratio of 3.18 and a beta of 1.88.

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Integrated Device Technology Company Profile

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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