Home News Recent Technicals: Integrated Device Technology (NASDAQ: IDTI)

Recent Technicals: Integrated Device Technology (NASDAQ: IDTI)

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Integrated Device Technology is part of the technology sector and is in the semiconductors industry. The company CEO is Gregory L. Waters. Integrated Device Technology Inc develops system-level solutions that optimize its customers’ applications. The company operates through two segments namely the Communications, and the Computing, Consumer and Industrial.

Previous Intraday Trading Performance:

The IDTI stock showed a previous change of 0.00% with an open at 49.00 and a close of 48.99. It reached an intraday high of 49.00 and a low of 48.99.

SeekingAlpha:  Merger Arbitrage Analysis And Spread Performance – March 31, 2019

Liquidity:

The stock has a market cap of $6.3b with 129.3m shares outstanding, of which the float is 125.9m shares. Trading volume reached 11,684,956 shares compared to its average volume of 3,140,612 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Integrated Device Technology shares returned 0.04% and in the past 30 trading days it returned 1.01%. Over three months, it changed 2.23%. In one year it has changed 52.57% and within that year its 52-week high was 49.00 and its 52-week low was 27.71. IDTI stock is 76.80% above its 52 Week Low.

Our calculations show a 200 day moving average of 43.89 and a 50 day moving average of 48.47. Currently IDTI stock is trading 11.62% above its 200 day moving average.

SeekingAlpha:  Merger Arbitrage Mondays – April 1, 2019

Earnings:

The last annual fiscal EPS for the company was reported at -0.09 that ended on 31st of March 2018. Based on 5 analyst estimates, the consensus EPS for the next quarter is 0.35. The TTM EPS is 1.31, which comes to a TTM PE of 37.40.

Below was the last reported quarterly diluted earnings per share:

4thQtr of 2018 (Reported on 01/28/2019): 0.16
3rdQtr of 2018 (Reported on 10/29/2018): 0.26
2ndQtr of 2018 (Reported on 07/30/2018): 0.23
1stQtr of 2018 (Reported on 04/30/2018): -0.07
4thQtr of 2017 (Reported on 01/29/2018): -0.51

Base on our calculations, the intrinsic value per share is 56.80, which means it is possibly undervalued and has a margin of safety of 13.75%.

Indicators to Watch:

Based on the latest filings, there is 127.50% of institutional ownership.

The current calculated beta is 1.21.

SeekingAlpha:  Merger Arbitrage Mondays – April 1, 2019

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 16.88%, return on assets is 8.08%, profit margin is 11.80%, price-to-sales is 6.82 and price-to-book is 10.42.

Company Scores:

All scores are out of six:
 0  :Valuation Score
 1  :Past Performance Score
 4  :Financial Strength Score
 4  :Future Growth Score
 0  :Dividend Score
 2  :Overall Score

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Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.