Hot Performer of the day: Integrated Device Technology, Inc. (NASDAQ:IDTI)

Integrated Device Technology, Inc. (NASDAQ:IDTI) belonging to the Computer and Technology sector has declined -4.54% and closed its last trading session at $21.05.

The company reported its last EPS on 9/30/2016 and is expected to report its next EPS on Oct 31 AMC. Currently, the stock has a 1 Year Price Target of $24.78.

The consensus recommendation, according to Zacks Investment research, is 1.6. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The Stock had a 1.67 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 1.67 and 1.67 respectively.

Integrated Device Technology, Inc. on 9/30/2016 reported its EPS as $0.36 with the analysts projecting the EPS of the stock as $0.36. The company beat the analyst EPS Estimate with the difference of $0. This shows a surprise factor of 0%.

Many analysts have provided their estimated foresights on Integrated Device Technology, Inc. Earnings, with 11 analysts believing the company would generate an Average Estimate of $0.33. Whereas they predicted High and Low Earnings Estimate as $0.34 and $0.33 respectively. While in the same Quarter Previous year, the Actual EPS was $0.35.

Analysts are also projecting an Average Revenue Estimate for Integrated Device Technology, Inc. as $183.99 Million in the Current Quarter. This estimate is provided by 10 analysts. The High Revenue estimate is predicted as 184.13 Million, while the Low Revenue Estimate prediction stands at 183.6 Million. The company’s last year sales total was 169.5 Million.

For the Current Quarter, the growth estimate for Integrated Device Technology, Inc. is -5.7%, while for the Next Quarter the stock growth estimate is 0%. In the past 5 years, the stock showed growth of 53.48% per annum. While for the next 5 years, the growth estimate is 16.4%.

The Company got Initiated by ROTH Capital on 29-Sep-16 to Buy.

Insider Trades for Integrated Device Technology, Inc. show that the latest trade was made on 17 Aug 2016 where Montana (Mario), the Officer completed a transaction type “Buy” in which 21011 shares were traded at a price of $5.77.

Over the period of 6 months, Insider Purchases show a total of 1 transaction in which 1000 shares were traded. 13 Insider Sales transactions were made totaling 196052 shares traded.

9 analysts projected Price Targets for Integrated Device Technology, Inc.. The analysts believe that the company stock price could grow as high as $32. The Low Price target projection by analysts is $19 and the Mean Price Target is $24.78.

Integrated Device Technology, Inc. (NASDAQ:IDTI) has the market capitalization of $2.86 Billion. The company rocked its 52-Week High of $29.04 on Dec 3, 2015 and touched its 52-Week Low of $16.22 on Feb 11, 2016. The stock has Return on Assets (ROA) of 17 percent. Return on Equity (ROE) stands at 25.3% and Return on Investment (ROI) of 20.9 percent.

The stock is currently showing YTD performance of -20.11 Percent. The company has Beta Value of 2.09 and ATR value of 0.67. The Weekly and Monthly Volatility stands at 3.66% and 3.01%.

Company profile:

Integrated Device Technology, Inc. designs, develops, manufactures and markets a broad range of high-performance semiconductor products and modules.  Applications for the company’s products include data and telecommunications equipment, such as routers, hubs, switches, cellular base stations and other devices; personal computers; and networked peripherals and servers, such as RAID arrays, servers, and printers.