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IDT 1Q19 report +2


The IDT conference call is ongoing, but I think we've already got everything that's important. 
The automotive segment lagged, as expected, but a sharp rebound was specifically cited in guidance and that is expected to be sustained.  Highlights of the otherwise across the board growth were:
Operationally, this is another stand out quarter.  IDT's consistent innovation has already driven margins up to management's projected ranges, and it expects that trend to continue.  Even so, I don't think there's enough here to expand my base valuation the impressive price appreciation that we've already seen over the past year or two.  So far, the market seems to agree.  I will keep a lookout for better entry points.

On 07/30/2018 04:18 PM, Esekla wrote:

Integrated Device Technology has reported its results for its first fiscal quarter of 2019:

  • EPS of 44 cents beats by a penny
  • on $228.5M in revenue, which beats by$1.5M

Management also says it expects improving margins, on continued diversified growth.  So far this looks like the good report that I was expecting, but not something that should move the stock higher in a big way.