Integrated Device Technology Shares Popped: What You Need to Know (IDTI)

Integrated Device Technology Shares Popped: What You Need to Know

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of chip designer Integrated Device Technology (Nasdaq: IDTI ) jumped as much as 13.6% this morning on about four times the average trading volume.

So what: Third-quarter sales only met analyst expectations, earnings beat by a slim penny, and the next-quarter guidance wasn't any kind of blowout, either. But market expectations were comparatively low as the stock has lagged the broader market over the last year and three months, so we're looking at a collective sigh of relief over perfectly acceptable numbers.

Now what: Management kept a muted tone in the conference call. Rather than pointing to bright spots in a mottled tapestry, CEO Ted Tewksbury said the company is simply executing its long-term strategy. That said, the company has a strong pipeline of new products coming down the pike, including touchscreen controllers and a variety of DisplayPort video-relay products.

Interested in more info on Integrated Device Technology? Add it to your watchlist.

The Steve Jobs Betrayal
You may already know that in the final year of his life, Jobs revealed a stunning betrayal — and told his biographer, "I will spend my last dying breath... and every penny of Apple's $40 billion in the bank to right this wrong." What was it that made Jobs so irate — and why could it make a few in-the-know investors some major profits over the coming months and years?

Enter your email address below to find out what made Jobs so enraged!

Fool contributor Anders Bylund holds no position in any of the companies discussed here. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.