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IDT schedules 2Q18 report ?3

16:29 12-Oct-17


Integrated Device Technology has scheduled the report on its fiscal second quarter to occur after market close on Monday, October 30th.  Analyst projections average out to earnings of 34 cents per share on $201M in sales, with current quarter revenue growing to $212M.

IDTI shares are up over 15% from the August opportunities that I cited repeatedly following the last report.  Since then the company announced that it has shipped over 30M wireless power transmitters, and is offering new products for 5G infrastructure.  So, I'm not surprised at the stock's appreciation, but I don't see it as a value at these levels.  Thus, a miss could bring opportunity, but barring that, I think guidance will be most important, as we look at the impact of memory solutions in relation to new releases from Intel.