Olga Ivanova
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Olga Ivanova in Apex Traiders,

Integrated Device Technology: Good solutions for key markets

Integrated Device Technology (NASDAQ: IDTI) develops a broad range of high-performance mixed-signal semiconductor solutions that optimize our customers’ applications in key markets. In addition to its market-leading timing products, IDT offers semiconductors targeting communications infrastructure – both wired and wireless – high-performance computing and power management. These products are used for next-generation development in areas such as 4G infrastructure, network communications, cloud datacenters and power management for computing and mobile devices.

The chart of the price per share shows a stable growth which has begun since Tuesday due to the news about increase in price up to 28.58 in a short term. That’s why we advise to buy the company’s shares now.

Source: Google Finance

Concerning the financial, revenue from continuing operations for the fiscal fourth quarter of 2015 was $158.4 million, compared with $151.2 million reported last quarter, and $118.6 million reported in the same period one year ago.

GAAP net income from continuing operations for the fiscal fourth quarter of 2015 was $40.4 million, or $0.26 per diluted share, versus GAAP net income from continuing operations of $32.8 million or $0.21 per diluted share last quarter, and a GAAP net income from continuing operations of $5.1 million or $0.03 per share in the same period one year ago. Fiscal fourth quarter 2015 GAAP results include $1.0 million expense relating to amortization of intangible assets, $5.7 million in stock-based compensation expense, $0.3 million in other restructuring related charges, $0.2 million in gains from divestitures, and $1.4 million benefit in related tax effects.

Non-GAAP net income for the fiscal fourth quarter of 2015 was $45.8 million or $0.29 per diluted share, compared with non-GAAP net income of $38.7 million or $0.25 per diluted share last quarter, and non-GAAP net income of $21.7 million or $0.14 per diluted share reported in the same period one year ago.

GAAP gross profit from continuing operations for the fiscal fourth quarter of 2015 was $98.1 million, or 61.9 percent, compared with GAAP gross profit of $91.4 million or 60.4 percent last quarter, and $61.1 million, or 51.5 percent, reported in the same period one year ago. Non-GAAP gross profit for the fiscal fourth quarter of 2015 was $99.6 million, or 62.9 percent, compared with non-GAAP gross profit of $93.0 million, or 61.5 percent last quarter, and $72.4 million, or 61.1 percent, reported in the same period one year ago.

GAAP R&D expense for the fiscal fourth quarter of 2015 was $32.1 million, compared with GAAP R&D expense of $32.8 million last quarter, and $32.9 million reported in the same period one year ago. Non-GAAP R&D expense for the fiscal fourth quarter of 2015 was $29.7 million, compared with non-GAAP R&D expense of $29.7 million last quarter, and $28.6 million in the same period one year ago.

GAAP SG&A expense for the fiscal fourth quarter of 2015 was $27.1 million, compared with GAAP SG&A expense of $27.2 million last quarter, and $23.3 million in the same period one year ago. Non-GAAP SG&A expense for the fiscal fourth quarter of 2015 was $23.8 million, compared with non-GAAP SG&A expense of $23.9 million last quarter, and $21.0 million in the same period one year ago.