Integrated Device Tech’s ZMDI Buy To Sweeten 2017 EPS

By | December 1, 2015

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Integrated Device Technology’s (IDTI) $310 million ZMDI acquisition will sweeten the chipmaker’s fiscal 2017 earnings per share to the tune of 10 cents — well above Wall Street expectations, Craig-Hallum analyst Anthony Stoss wrote Tuesday. In a research report, Stoss hiked his price target on Integrated Device stock to 33 from 30 and reiterated a buy rating. He also increased his earnings per share ex items forecast for fiscal 2017 ending March Scalper1 News

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