Shares of Integrated Device Technology, Inc. (NASDAQ:IDTI) recorded -0.04% loss during trading session on November 8th, 2018. The script traded as low as $46.8 and last traded at $46.90. 2.05 million shares changed exchanged hands during trading, an increase of 35.84% from the 30-day average session volume of 3.20M shares. The firm had previously closed at $46.92. The company has $128.71M outstanding shares, a price-to-earnings ratio of 46.90, price-to-earnings-growth ratio of 6.67 and a beta of 1.73. The company has a RSI of 55.19, ATR of 0.34 and a volatility of 0.57% this week. IDTI has a 52 week low price of $26.96 and a 52 week high price of $47.45.
Investors have identified the tech company Integrated Device Technology, Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 6.04B, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Integrated Device Technology, Inc. (IDTI) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For IDTI, the company has in raw cash 200.65 million on their books with 39.9 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 0 total, with 0 as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
IDTI were able to record 0 as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 0. In cash movements, the company had a total of 17.29 million as operating cash flow.
Potential earnings growth for Integrated Device Technology, Inc. (IDTI)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Integrated Device Technology, Inc. recorded a total of 235.48 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.13% coming in sequential stages and their sales for the third quarter increasing by 0.03%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 91.9 million trying to sell their products during the last quarter, with the result yielding a gross income of 143.58 million. This allows shareholders to hold on to 128.71M with the revenue now reading 270 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.39 cents a share).
Is the stock of IDTI attractive?
Having a look at the company’s valuation, the company is expected to record 1.80 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on IDTI sounds very interesting.
In related news, SR VP OPERATIONS & CTO Chittipeddi Sailesh sold 33,300 shares of the company’s stock in a transaction that recorded on September 14th, 2018. The sale was performed at an average price of 47.01, for a total value of 1,565,433. As the sale deal closes, the SR. VP & Corporate GM Chittipeddi Sailesh now sold 3,000 shares of the company’s stock, valued at 127,950. Also, PRESIDENT & CEO WATERS GREGORY L sold 20,000 shares of the company’s stock in a deal that was recorded on September 4th, 2018. The shares were sold at an average price of 42.63 per share, with a total market value of 770,370. Following this completion of acquisition, the SR. VP & Corporate GM now holds 3,908 shares of the company’s stock, valued at 140,688. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.10%.
0 out of 11 analysts covering the stock have rated it a Buy, while 10 have maintained a Hold recommendation on Integrated Device Technology, Inc. stock. 0 analysts has assigned a Sell rating on the IDTI stock. The 12-month mean consensus price target for the company’s shares has been set at $44.55.