Integrated Device Technology (IDTI) stock was up in after-hours trading Monday, more than recouping regular-session losses, after the chipmaker posted Q2 earnings that beat Wall Street expectations and announced an acquisition. The San Jose, Calif.-based chipmaker said it will purchase privately held ZMDI for $310 million. ZMDI (Zentrum Mikroelektronik Dresden AG), which has its U.S. operations in Milpitas, Calif., near IDT, offers the buyer
As earnings season winds on down the road, four highly rated technology stocks — including chipmaker Integrated Device Technology (IDTI) and cybersecurity software company Qualys (QLYS) — reported hot profit Monday after the market closed. In most cases, they reported small to moderate revenue growth while earnings growth absolutely crushed estimates. Integrated Device Technology Memory and communications chipmaker Integrated Device Technology
Chipmakers had another big week. Highly rated Apple (AAPL) chip suppliers NXP Semiconductors (NXPI) and Avago Technologies (AVGO) were the newest breakouts in the group. Other breakouts in recent weeks have come from Apple suppliers Skyworks Solutions (SWKS) and Qorvo (QRVO), as well as Integrated Device Technology (IDTI). This is a hot group right now, so will there be more breakouts soon? Here are five highly rated chip stocks building bases: