Integrated Device Technology Inc. Second Quarter Earnings Sneak Peek

Integrated Device Technology, Inc. (NASDAQ:IDTI) will unveil its latest earnings on Monday, October 31, 2011. Integrated Device Technology 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

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported net income of 9 cents per share versus a mean estimate of profit of 10 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by 2 cents.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 16.5% in revenue from the year-earlier quarter to $139.4 million.

Analyst Ratings: Analysts are bullish on Integrated Device Technology as three analysts rate it as a buy, none rate it as a sell and three rate it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

A Look Back: In the first quarter, profit fell 26.2% to $7.7 million (5 cents a share) from $10.4 million (6 cents a share) the year earlier, missing analyst expectations. Revenue fell 4.3% to $151.5 million from $158.3 million.

Key Stats:

A year-over-year revenue decrease in the first quarter snapped a streak of three consecutive quarters of revenue increases. Revenue rose 6.8%in the fourth quarter of the last fiscal year, 7.5% in the third quarter of the last fiscal year and 19.6% in the second 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 August 1, 2011 to October 25, 2011, the stock price had fallen $1 (-14.9%) from $6.71 to $5.71. The stock price saw one of its best stretches over the last year between September 8, 2011 and September 15, 2011 when shares rose for six-straight days, rising 14.2% (+79 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 down 95 cents (-14.3%) year to date.

(Source: Xignite Financials)

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