Integrated Device Technology Inc (NASDAQ:IDTI) announced today it has entered into a research project with Northeastern University to improve data-intensive analytics and caching in support of future 5G infrastructure development. The goal of the yearlong agreement is to find ways to help organizations, like telecom companies, better manage huge volumes of data. More specifically, the researchers will seek  new ways to use IDT’s RapidIO low-latency interconnect technology to move and manage vast volumes of unstructured data–including video, voice, images and text–in both wireless and wireline access networks.

The agreement deepens the relationship begun last year when Northeastern expanded its regional strategy to San Jose by embedding a hub campus in IDT’s headquarters. Under the research partnership, three members of the Northeastern faculty and two PhD students will work with IDT engineers on the project, based at IDT’s Open High-Performance Analytics and Computing (HPAC) Lab in Ottawa.

“One of IDT’s primary goals of bringing Northeastern to our headquarters was to team with leading academics on important research,” said Sailesh Chittipeddi, IDT’s chief technology officer and vice president of Global Operations. “I anticipate meaningful results from this research that will help our telecom carrier customers determine optimal edge-computing requirements in mobile and wired edge computing.”

“Edge computing” denotes a network architecture in which applications, data and computing services are pushed to the edge of a cellular network, where data is gathered, rather than traditional centralized points.

IDT’s RapidIO switches are used to connect computing elements that comprise complex processing-intensive electronics systems. They are used in nearly all global 4G networks, and for data management at a growing number of organizations. The technology was used for analyzing the content of Twitter traffic during the 2014 FIFA World Cup Finals, and was recently adopted as a research project by CERN openlab to support future CERN Large Hadron Collider and data center analytics activities.

“IDT is a leader in low-latency interconnects with its RapidIO technologies, and Northeastern looks forward to working closely with IDT’s experts in this important research area,” said Carla Brodley, dean of Northeastern University’s College of Computer & Information Science.  “Challenges posed by Big Data will only grow, and we welcome this opportunity to help find new ways of dealing with them.”

“This type of research project is exactly the sort of thing that prompted Northeastern to team with IDT,” said Philomena Mantella, senior vice president and CEO of the Northeastern University Global Network. “Our university is unique in our emphasis on experiential learning, so this type of engagement is an important step in advancing the integration of academic institutions and industry to solve today’s most pressing economic issues.”

The project is titled, “Distributed Low Latency Analytics and Caching Using Low Latency Fabric and Processing Nodes.” The researchers will focus on “mobile edge” computing analytics in which x86, FPGA and GPU components are clustered using RapidIO interconnect. According to the agreement, “The goal of this project is to develop novel analytics and caching schemes utilizing the low latency RapidIO technology as the baseline to significantly improve the data analytics and caching performance as well as the overall bandwidth efficiency” of compute-intensive systems.” (Original Source)

Shares of Integrated Device Technology closed yesterday at $18.67. IDTI has a 1-year high of $29.04 and a 1-year low of $14.50. The stock’s 50-day moving average is $25.30 and its 200-day moving average is $23.05.

On the ratings front, IDTI has been the subject of a number of recent research reports. In a report released yesterday, Topeka analyst Sujeeva De Silva reiterated a Buy rating on IDTI, with a price target of $26, which implies an upside of 39.3% from current levels. Separately, on the same day, Craig-Hallum’s Anthony Stoss reiterated a Buy rating on the stock and has a price target of $30.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Sujeeva De Silva and Anthony Stoss have a total average return of 16.4% and 9.6% respectively. Silva has a success rate of 61.5% and is ranked #78 out of 3600 analysts, while Stoss has a success rate of 50.0% and is ranked #544.

Overall, 4 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $28.00 which is 50.0% above where the stock closed yesterday.

Integrated Device Technology Inc designs, develops, manufactures and markets low-power, high-performance mixed signal semiconductor solutions for the communications, computing and consumer industries.