Integrated Device Technology, Inc. First Quarter Earnings Sneak Peek

Integrated Device Technology, Inc. (NASDAQ:IDTI) will unveil its latest earnings on Monday, August 1, 2011. Integrated Device Technology, Inc. designs, develops, manufactures and markets a broad range of low-power, high-performance mixed signal semiconductor solutions for the advanced communications, computing and consumer industries.

Integrated Device Technology, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 10 cents per share, a decline of 9.1% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting profit of 42 cents per share, a decline of 14.3% from last year.

Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting net income of 11 cents per share, and the previous quarter, it had profit of 12 cents.

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Wall St. Revenue Expectations: On average, analysts predict $153.5 million in revenue this quarter, a decline of 3% from the year ago quarter. Analysts are forecasting total revenue of $653 million for the year, a rise of 4.4% from last year’s revenue of $625.7 million.

Analyst Ratings: Analysts seem relatively indifferent about Integrated Device Technology with four of seven analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 6.8% to $147.3 million in fourth quarter of the last fiscal year. The figure rose 7.5% in the third quarter of the last fiscal year from the year earlier, climbed 19.6% in the second quarter of the last fiscal year from the year-ago quarter and 36.5% in the first quarter of the last fiscal year.

Competitors to Watch: Texas Instruments Inc. (NYSE:TXN), Intel Corporation (NASDAQ:INTC), Cypress Semicond. Corp. (NASDAQ:CY), Maxim Integrated Products Inc. (NASDAQ:MXIM), ON Semiconductor Corp. (NASDAQ:ONNN), Exar Corporation (NASDAQ:EXAR), Pericom Semiconductor (NASDAQ:PSEM), Analog Devices, Inc. (NYSE:ADI), Silicon Laboratories (NASDAQ:SLAB), and Inphi Corporation (NYSE:IPHI).

Stock Price Performance: During May 27, 2011 to July 26, 2011, the stock price had fallen 89 cents (-10.9%) from $8.19 to $7.30. The stock price saw one of its best stretches over the last year between October 4, 2010 and October 12, 2010 when shares rose for seven-straight days, rising 6.8% (+39 cents) over that span. It saw one of its worst periods between December 8, 2010 and December 21, 2010 when shares fell for 10-straight days, falling 8.2% (-59 cents) over that span. Shares are up 64 cents (+9.6%) year to date.

(Source: Xignite Financials)

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