Canaccord Genuity Maintains a 'Buy' on Integrated Device Technology (IDTI); Beneficiary of Romley Launch
Tweet
Share
E-mailGet Alerts IDTI Hot Sheet
Price: $48.99 --0%
Rating Summary:
12 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
12 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Join SI Premium – FREE
Canaccord Genuity maintains a 'Buy' on Integrated Device Technology (NASDAQ: IDTI) price target of $7.00.
Canaccord analyst, Bobby Burleson, said, "IDTI’s high share in server memory interface should offset some of the macro weakness likely to be experienced by the group in CQ1. Our checks indicate no additional slippage to the informal Romley launch schedule (originally slipped from CQ4 to CQ1), and we believe dual socket versions (EP) of this server platform from Intel will launch in late February or early March, followed by 4- and 8-way versions (EX) in early Q2. Memory interface is roughly 15% of total revenues for IDTI, has seen channel inventories thinned in the September quarter and is likely to commence healthy sequential growth from CQ1 onward."
For an analyst ratings summary and ratings history on Integrated Device Technology click here. For more ratings news on Integrated Device Technology click here.
Shares of Integrated Device Technology closed at $5.59 yesterday.
Canaccord analyst, Bobby Burleson, said, "IDTI’s high share in server memory interface should offset some of the macro weakness likely to be experienced by the group in CQ1. Our checks indicate no additional slippage to the informal Romley launch schedule (originally slipped from CQ4 to CQ1), and we believe dual socket versions (EP) of this server platform from Intel will launch in late February or early March, followed by 4- and 8-way versions (EX) in early Q2. Memory interface is roughly 15% of total revenues for IDTI, has seen channel inventories thinned in the September quarter and is likely to commence healthy sequential growth from CQ1 onward."
For an analyst ratings summary and ratings history on Integrated Device Technology click here. For more ratings news on Integrated Device Technology click here.
Shares of Integrated Device Technology closed at $5.59 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- META to capture largest share of users, SNAP to benefit from ad budget shifts - Canaccord Genuity weighs in on TikTok ban
- Comcast Corp (CMCSA) PT Lowered to $48 at Pivotal Research
- Boston Scientific (BSX) PT Raised to $77 at Oppenheimer
Create E-mail Alert Related Categories
Analyst CommentsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
