Sell Integrated Device Technology on Lost Confidence
Sell Integrated Device Technology Inc. (NSDQ: IDTI)
Integrated Device has been in the portfolio for almost a year and has failed to deliver significant gains. The stock is up 1% since my November 2016 recommendation but has had some volatile quarters.
While some analysts are bullish that the next generation of Intel chips will jump start sales of Integrated’s memory architecture chips, the size of its sluggish communications business keeps dragging down growth.
A worrisome trend in accounts receivable over the past few quarters and the company’s inability to reignite revenue growth makes me nervous. I think there are much better places to grow your capital and will be delivering some new buy alerts shortly.
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