Stock Update (NASDAQ:IDTI): Integrated Device Technology Inc Introduces Industry’s First Power Management IC for DDR4 NVDIMMs


Integrated Device Technology Inc (NASDAQ:IDTI) introduced the industry’s first integrated power management IC (PMIC) developed for enterprise DDR4 NVDIMM applications. By providing a fully integrated, software-programmable solution that can manage all on-DIMM voltage generation, supply switchover, and over current and voltage protection, the IDT(R) P8800 enables NVDIMM solutions to efficiently scale to greater density, reliability and performance. When paired with IDT’s portfolio of NVDIMM-enabled memory interface technology–including the registered clock driver, data buffer and thermal sensor–this innovative PMIC provides a full system solution for module suppliers to provide leading NVDIMM and NVRAM technology to this fast-growing market.

Today’s NVDIMM power products rely on discrete devices comprised of a controller, voltage regulators, diodes and various passive components that must be customized for each individual NVDIMM design and density. The IDT solution integrates this function into a single chip that is fully programmable to accommodate density scaling, power sequencing and storage class memory support.

“IDT is uniquely positioned to provide complete solutions for the next generation of memory applications, such as NVDIMM, with industry-leading expertise in both memory interface and memory power,” said Rami Sethi, vice president and general manager of IDT’s memory interface products. “The P8800 pairs seamlessly with IDT’s NVDIMM-enabled memory interface devices to provide the industry’s first comprehensive solution that drives performance and reliability in the data center and cloud.”

NVDIMMs are a key element driving acceleration of critical workloads in the data center, including real-time analytics, online transaction processing and disaster recovery. As server architectures, operating systems and application software evolve to take full advantage of non-volatile main memory in the coming years, the NVDIMM market is expected to grow significantly.

“SMART Modular has partnered closely with IDT over several generations of server DIMM products,” said Mike Rubino, vice president of Worldwide Engineering for SMART Modular Technologies. “We welcome IDT’s P8800 PMIC solution for NVDIMM applications. This device enhances power management functionality and provides flexibility to customize the settings as desired by NVDIMM users. The integration in the P8800 device reduces the area requirement of the power components on the NVDIMM while simplifying board layout.” (Original Source)

Shares of Integrated Device Technology closed yesterday at $24.63, down $0.12 or -0.48%. IDTI has a 1-year high of $25.87 and a 1-year low of $16.22. The stock’s 50-day moving average is $24.46 and its 200-day moving average is $22.20.

On the ratings front, IDTI has been the subject of a number of recent research reports. In a report issued on January 18, Barclays analyst Blayne Curtis maintained a Sell rating on IDTI, with a price target of $22, which implies a downside of 11% from current levels. Separately, on January 4, Pacific Crest’s John Vinh assigned a Buy rating to the stock and has a price target of $30.

According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Blayne Curtis and John Vinh have a yearly average return of 9.6% and 9.4% respectively. Curtis has a success rate of 66% and is ranked #306 out of 4359 analysts, while Vinh has a success rate of 56% and is ranked #508.

Sentiment on the street is mostly bullish on IDTI stock. Out of 6 analysts who cover the stock, 5 suggest a Buy rating and one recommends to Sell the stock. The 12-month average price target assigned to the stock is $25.83, which represents a slight upside potential from current levels.

Integrated Device Technology, Inc. designs, develops, manufactures and markets low-power, high-performance mixed signal semiconductor solutions for the advanced communications, computing and consumer industries. It offers communications solutions for customers within the enterprise, data center and wireless markets. The company operates business through two segments: Communications and Computing & Consumer. The Communications segment includes clock and timing solutions, Serial RapidIO switching solutions, Crystal Oscillator replacements, radio frequency, signal path products, flow-control management devices and first in and first out, integrated communications processors, high-speed static random access memory and digital logic and telecommunications products. The Computing & Consumer segment includes clock generation and distribution products, high-performance server memory interfaces, PCI Express switching solutions, signal integrity products, multi-port products, touch controllers, PC audio, power management solutions and video products.

 

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