Integrated Device Technology (IDTI) Tops Q4 EPS by 3c
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Wedbush Holds Steady on Integrated Device Technology (IDTI) After In-Line Quarter
May 5, 2015 8:44 AM EDTWedbush maintained a Neutral rating on Integrated Device Technology (NASDAQ: IDTI) and raised its price target to $21 (from $20) after FQ4 was in-line with estimates. However EPS was higher than expected do to favorable product mix and cost reductions.
Wedbush analyst Betsy Van Hees comments, "We estimate Computing increased 28% Q/Q in FQ4 well-above guidance for up 6% Q/Q, while... More
