Needham analyst N. Quinn Bolton says Integrated Device's quarterly results were overshadowed by lower-than-expected guidance reflecting Huawei's decision to internally source the SRIO switch. The analyst says that while the Huawei decision is "disappointing," he is encouraged by continued strength in Integrated Device's analog/mixed signal products. Further, Bolton believes investors are over-reacting to the news and recommends using the weakness as an opportunity to accumulate shares. The analyst reiterates a Buy rating on Integrated Device's stock and lowered his price target on the shares to $25 from $27.