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IDT schedules 1Q17 report ?3


Integrated Device Technology has scheduled the report for its first fiscal quarter of 2017 for after the bell on Monday, August 1.  The average of analyst estimates calls for a profit of 36 cents per share on revenue of $191M.  Guidance for the quarter is expected to come in at $193M, on average.  The second half of the calendar year is expected to be stronger for the company, so guidance should be closely watched. With a hybrid P/E ratio of 12.5, and an impressive array of sensor, communications and power technology, IDT is one of the few technology companies out there that I still see as slightly under-priced.