Amid the broader market sell-off, chipmakers are posting big declines in heavy volume. Notable moves are coming from Intel (INTC), Arm Holdings (ARMH), Avago Tech (AVGO) and Integrated Device Tech (IDTI). Late Thursday, Intel reported flat Q4 earnings and sales that edged up 1%. Both beat expectations but profit margins slipped and data center sales slowed. Intel also issued weak first-quarter guidance. Shares gapped down in quick turnover,
Five IBD 50 stocks are testing a key level in the stock market today: Nike (NKE), Constellation Brands (STZ), Facebook (FB), Integrated Device Technology (IDTI) and Monster Beverage (MNST). Nike reports quarterly earnings after the close on Tuesday. Wall Street expects the bottom line to rise 16%, a slowdown from last quarter’s 23% growth. Revenue is projected to grow 6%, a faster rate than last quarter’s 5% gain. Analysts say that athletic shoes
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