Integrated Device Technology
The 10-second takeaway
For the quarter ended Dec. 30 (Q3), Integrated Device Technology missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP loss per share dropped.
Gross margins grew, operating margins dropped, net margins grew.
Integrated Device Technology booked revenue of $115.1 million. The seven analysts polled by S&P Capital IQ hoped for sales of $119.1 million on the same basis. GAAP reported sales were 4.0% lower than the prior-year quarter's $120.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.04. The seven earnings estimates compiled by S&P Capital IQ forecast $0.04 per share. GAAP EPS were -$0.04 for Q3 against -$0.05 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 54.7%, 40 basis points better than the prior-year quarter. Operating margin was -4.0%, 650 basis points worse than the prior-year quarter. Net margin was -4.5%, 70 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $120.4 million. On the bottom line, the average EPS estimate is $0.05.
Next year's average estimate for revenue is $503.0 million. The average EPS estimate is $0.25.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 177 members out of 187 rating the stock outperform, and 10 members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give Integrated Device Technology a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Integrated Device Technology is outperform, with an average price target of $7.93.
Is Integrated Device Technology the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add Integrated Device Technology to My Watchlist.