Integrated Device Technology Inc. Third Quarter Earnings Sneak Peek

Integrated Device Technology, Inc. (NASDAQ:IDTI) will unveil its latest earnings on Monday, January 30, 2012. 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

Wall St. Earnings Expectations: The average estimate of analysts is for net income of one cent per share, a decline of 91.7% from the company’s actual earnings for the same quarter a year ago. Analysts are projecting profit to rise by 55.1% versus last year to 22 cents.

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Wall St. Revenue Expectations: On average, analysts predict $120.8 million in revenue this quarter, a decline of 21.2% from the year ago quarter. Analysts are forecasting total revenue of $530.1 million for the year, a decline of 15.3% from last year’s revenue of $625.7 million.

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

A Look Back: In the second quarter, profit rose more than twofold to $47.1 million (32 cents a share) from $20.2 million (13 cents a share) the year earlier. Revenue fell 17.1% to $138.3 million from $166.9 million.

Key Stats:

Revenue has fallen in the past two quarters. In the first quarter, the figure fell 4.3%.

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 November 23, 2011 to January 24, 2012, the stock price had risen $1.19 (22.4%) from $5.31 to $6.50. 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 March 3, 2011 and March 15, 2011 when shares fell for nine-straight days, falling 12.8% (-$1.01) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com