NasdaqGS:IDTI

Stock Analysis Report

Integrated Device Technology

Executive Summary

Integrated Device Technology, Inc. designs, develops, manufactures, and markets a range of semiconductor solutions for the communications, computing, consumer, automotive, industrial, and industrial end-markets.

Snowflake

Fundamentals

Reasonable growth potential with adequate balance sheet.


Similar Companies

Share Price & News

How has Integrated Device Technology's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.5%

IDTI

-2.4%

US Semiconductor

-0.6%

US Market


1 Year Return

60.3%

IDTI

7.5%

US Semiconductor

0.7%

US Market

IDTI outperformed the Semiconductor industry which returned -0.3% over the past year.

IDTI outperformed the Market in United States of America which returned 5.9% over the past year.


Share holder returns

IDTIIndustryMarket
7 Day2.5%-2.4%-0.6%
30 Day1.3%8.0%4.9%
90 Day1.2%10.1%1.7%
1 Year60.3%60.3%9.6%7.5%3.0%0.7%
3 Year136.1%136.1%80.1%69.5%44.8%35.4%
5 Year313.4%313.4%119.5%97.2%62.0%44.3%

Price Volatility Vs. Market

How volatile is Integrated Device Technology's share price compared to the market and industry in the last 5 years?


Simply Wall St News

1 year ago | Simply Wall St

Integrated Device Technology Inc (NASDAQ:IDTI): Can It Deliver A Superior ROE To The Industry?

Valuation

Is Integrated Device Technology undervalued based on future cash flows and its price relative to the stock market?

14%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Integrated Device Technology's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Integrated Device Technology's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Integrated Device Technology is overvalued based on earnings compared to the US Semiconductor industry average.

Integrated Device Technology is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Integrated Device Technology is poor value based on expected growth next year.


Price Based on Value of Assets

Integrated Device Technology is overvalued based on assets compared to the US Semiconductor industry average.


Next Steps

Future Growth

How is Integrated Device Technology expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

38.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Integrated Device Technology's revenue is expected to grow by 10.4% yearly, however this is not considered high growth (20% yearly).

Integrated Device Technology's earnings are expected to grow significantly at over 20% yearly.

Integrated Device Technology's revenue growth is expected to exceed the United States of America market average.

Integrated Device Technology's earnings growth is expected to exceed the United States of America market average.

Integrated Device Technology's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Integrated Device Technology will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Integrated Device Technology performed over the past 5 years?

-15.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Integrated Device Technology's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

Integrated Device Technology has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

Integrated Device Technology has become profitable in the last year making it difficult to compare the US Semiconductor industry average.


Return on Equity

Integrated Device Technology has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Integrated Device Technology used its assets less efficiently than the US Semiconductor industry average last year based on Return on Assets.


Return on Capital Employed

Integrated Device Technology has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Integrated Device Technology's financial position?


Financial Position Analysis

Integrated Device Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Integrated Device Technology's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Integrated Device Technology's level of debt (93.2%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (0% vs 93.2% today).

Debt is well covered by operating cash flow (54.5%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 7.1x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 1.1x debt.


Next Steps

Dividend

What is Integrated Device Technology's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Integrated Device Technology's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Integrated Device Technology's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Integrated Device Technology has not reported any payouts.

Unable to verify if Integrated Device Technology's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Integrated Device Technology has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Integrated Device Technology's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

What is the CEO of Integrated Device Technology's salary, the management and board of directors tenure and is there insider trading?

2.0yrs

Average management tenure


CEO

Greg Waters (57yo)

5.2yrs

Tenure

US$6,223,079

Compensation

Mr. Gregory L. Waters, also known as Greg, has been the Chief Executive Officer and President at GigPeak, Inc. since April 04, 2017. Mr. Waters has been the Chief Executive Officer and President at Integra ...


CEO Compensation Analysis

Greg's remuneration is about average for companies of similar size in United States of America.

Greg's compensation has been consistent with company performance over the past year.


Management Age and Tenure

2.0yrs

Average Tenure

54yo

Average Age

The tenure for the Integrated Device Technology management team is about average.


Board Age and Tenure

5.2yrs

Average Tenure

58yo

Average Age

The tenure for the Integrated Device Technology board of directors is about average.


Insider Trading

Integrated Device Technology insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$124,10819 Mar 19
Chris Allexandre
EntityIndividual
Role
Head of Sales
Senior Vice President of Global Sales & Marketing
Shares2,569
Max PriceUS$48.31

Ownership Breakdown


Management Team

  • Greg Waters (57yo)

    President

    • Tenure: 5.2yrs
    • Compensation: US$6.22m
  • Dave Shepard (57yo)

    Senior VP & Corporate GM of Mobility Products Group

    • Tenure: 1.8yrs
    • Compensation: US$1.97m
  • Mario Montana (56yo)

    VP and Corporate GM of Automotive & Industrial Group

    • Tenure: 14.2yrs
    • Compensation: US$696.33k
  • Sailesh Chittipeddi (55yo)

    Executive VP of Global Operations & CTO

    • Tenure: 2.2yrs
    • Compensation: US$2.21m
  • Brian White (53yo)

    Senior VP & CFO

    • Tenure: 5.4yrs
    • Compensation: US$2.15m
  • Sean Fan (52yo)

    Senior VP and Corporate GM of Computing & Communications Group

    • Tenure: 1.8yrs
    • Compensation: US$1.97m
  • Matthew Brandalise (53yo)

    VP, Chief Legal Officer & Corporate Secretary

    • Tenure: 1.8yrs
  • Chris Allexandre (43yo)

    Senior Vice President of Global Sales & Marketing

    • Tenure: 2yrs
  • Krishna Shankar

    Head of Investor Relations

    • Tenure: 0yrs
  • Kim Mota

    Global Head of Human Resources & Senior Director of Global Human Resources

    • Tenure: 0.6yrs

Board Members

  • Ken Kannappan (58yo)

    Chairman

    • Tenure: 1.6yrs
    • Compensation: US$250.00k
  • Gordon Parnell (68yo)

    Director

    • Tenure: 11.2yrs
    • Compensation: US$250.00k
  • Umesh Padval (60yo)

    Director

    • Tenure: 10.4yrs
    • Compensation: US$250.00k
  • Bob Rango (60yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: US$235.00k
  • Greg Waters (57yo)

    President

    • Tenure: 5.2yrs
    • Compensation: US$6.22m
  • Norm Taffe (52yo)

    Director

    • Tenure: 6.2yrs
    • Compensation: US$237.50k
  • Selena LaCroix (53yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: US$235.00k

Company Information

Integrated Device Technology, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Integrated Device Technology, Inc.
  • Ticker: IDTI
  • Exchange: NasdaqGS
  • Founded: 1980
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$6.334b
  • Shares outstanding: 129.28m
  • Website: https://www.idt.com

Number of Employees


Location

  • Integrated Device Technology, Inc.
  • 6024 Silver Creek Valley Road
  • San Jose
  • California
  • 95138
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IDTINasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDFeb 1984
IDTDB (Deutsche Boerse AG)YesCommon StockDEEURFeb 1984

Biography

Integrated Device Technology, Inc. designs, develops, manufactures, and markets a range of semiconductor solutions for the communications, computing, consumer, automotive, industrial, and industrial end-ma ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/03/31 23:38
End of Day Share Price2019/03/29 00:00
Earnings2018/12/30
Annual Earnings2018/04/01


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.