Revenue Update on Integrated Device Technology Inc(NASDAQ:IDTI)

Integrated Device Technology Inc(NASDAQ:IDTI) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $192.13M. Analysts estimated a revenue of $191.06M. Earnings per share were $0.36. Analysts had estimated an EPS of $0.36.

In a different note, Brean Capital said it Initiates Coverage on Integrated Device Technology Inc, according to a research note issued on May 23, 2016. The shares have been rated ‘Buy’ by the firm. On May 11, 2016, Bank of America said it Upgrades its rating on Integrated Device Technology Inc. The shares have been rated ‘Buy’ by the firm.

Integrated Device Technology Inc (IDTI) made into the market gainers list on Mondays trading session with the shares advancing 0.69% or 0.13 points. Due to strong positive momentum, the stock ended at $18.96, which is also near the day’s high of $18.98. The stock began the session at $18.81 and the volume stood at 28,57,912 shares. The 52-week high of the shares is $29.04 and the 52 week low is $14.5. The company has a current market capitalization of $2,534 M and it has 13,36,34,284 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 17, 2016, Mario Montana (VP, CHIEF SALES OFFICER) sold 15,508 shares at $22.83 per share price.Also, On Jun 17, 2016, Brian C White (VP, CHIEF FINANCIAL OFFICER) sold 16,095 shares at $22.83 per share price.On Jun 17, 2016, Gregory L Waters (PRESIDENT & CEO) sold 160,418 shares at $22.83 per share price, according to the Form-4 filing with the securities and exchange commission.

Integrated Device Technology Inc. (IDT) is a developer of mixed-signal semiconductor solutions. The Company offers semiconductors for communications infrastructure in both wired and wireless. It designs develops manufactures and markets a range of semiconductor. It operates in two segments: the Communications segment and the Computing and Consumer segment. Its Communications segment includes clock and timing solutions flow-control management devices including Serial RapidIO switching solutions and radio frequency (RF) products. Its Computing and Consumer segment includes clock generation and distribution products server memory interface products PCI Express switching solutions power management solutions and signal integrity products. It offers communications timing products serial rapidIO solutions RF products consumer and computing timing products memory interface products PCI express switching solutions power management solutions and signal integrity products.

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