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Fly News Breaks for May 9, 2017
IDTI
May 9, 2017 | 07:43 EDT
Loop Capital analyst Betsy Van Hees said Integrated Device Technology's recent earnings report and guidance appears on the surface to be disappointing, but she believes it wasn't, arguing that the Street included the revenue from the recently closed GigPeak acquisition for Q1, but didn't add the additional OpEx. She thinks the stock's underperformance offers a compelling entry point for longer-term investors and keeps a Buy rating on Integrated Device shares.
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