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IDT Ties-Up With Thetasys to Strengthen Sensor Portfolio
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Integrated Device Technology, Inc. has entered into a definitive agreement to collaborate with Thetasys, a California-based engineering company to enhance design and features of its sensor products by leveraging the latter’s inductive sensor designing capabilities.
Thetasys is a developer of technology that aids in designing of sensor products and network applications. The collaboration will be operative in the United States and China.
Consequently, the partnership will help in improving IDT’s service offerings to its sensor customers. This is likely to give a boost to the customer base of the company, driving the top line.
Coming to price performance, share of IDT have returned 42.5% over a year, outperforming the industry’s rally of 10.1%.
Partnership to Benefit
The latest deal seems to be a win-win situation for both the companies. The partnership will accelerate the deployment of Thetasys’ designing technology.
On the other hand, the deal will improve the capabilities of IDT’s ZMID520x family of inductive sensing IC products which is comprised of position sensor solutions.
Per the report from MarketsandMarkets, the global market for position sensors is expected to grow at a CAGR of 6.27% between 2017 and 2022 and to reach $5.98 billion by 2022.
The company’s inductive position sensors are cost effective, magnet free and are compatible with various kinds of application including consumer, automotive and industrial application.
Notably, IDT is well poised to reap benefits from this growing market with its strong portfolio of sensors and advanced designing.
Strengthening Product Portfolio
IDT’s strong efforts toward innovation and expansion of product portfolio will continue to benefit its market position. The company’s latest move bodes well for strengthening product portfolio.
Recently, the company unveiled GX76470 linear driver, which is applicable in optical integrated modules. This helped the company in expanding portfolio of data center and telecommunication solutions.
Additionally, IDT launched new single and quad channels named HXR14x00 TIA and HXR44x00 TIA, which are suitable for use in intra and inter-datacenter applications for 400G optical interconnect modules. Further, the company expanded its driver portfolio by rolling out GX74470 46Gbps SMT quad channel linear modulator driver.
According to World Semiconductor Trade Statistics (WSTS), the semiconductor market is expected to be up 9.5% from 2017 and to reach $451 billion in 2018.
Hence, we believe the well diversified portfolio of IDT will continue to help it in gaining momentum in the market.
A few better-ranked stocks that can be considered in the broader technology sector are Cypress Semiconductor , Mellanox Technologies and Fortive (FTV - Free Report) . While Cypress Semiconductor and Mellanox Technologies sport a Zacks Rank #1 (Strong Buy), Fortive carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for Cypress Semiconductor, Mellanox Technologies and Fortive is currently pegged at 16.14%, 15% and 10.53%, respectively.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
IDT Ties-Up With Thetasys to Strengthen Sensor Portfolio
Integrated Device Technology, Inc. has entered into a definitive agreement to collaborate with Thetasys, a California-based engineering company to enhance design and features of its sensor products by leveraging the latter’s inductive sensor designing capabilities.
Thetasys is a developer of technology that aids in designing of sensor products and network applications. The collaboration will be operative in the United States and China.
Consequently, the partnership will help in improving IDT’s service offerings to its sensor customers. This is likely to give a boost to the customer base of the company, driving the top line.
Coming to price performance, share of IDT have returned 42.5% over a year, outperforming the industry’s rally of 10.1%.
Partnership to Benefit
The latest deal seems to be a win-win situation for both the companies. The partnership will accelerate the deployment of Thetasys’ designing technology.
On the other hand, the deal will improve the capabilities of IDT’s ZMID520x family of inductive sensing IC products which is comprised of position sensor solutions.
Per the report from MarketsandMarkets, the global market for position sensors is expected to grow at a CAGR of 6.27% between 2017 and 2022 and to reach $5.98 billion by 2022.
The company’s inductive position sensors are cost effective, magnet free and are compatible with various kinds of application including consumer, automotive and industrial application.
Notably, IDT is well poised to reap benefits from this growing market with its strong portfolio of sensors and advanced designing.
Strengthening Product Portfolio
IDT’s strong efforts toward innovation and expansion of product portfolio will continue to benefit its market position. The company’s latest move bodes well for strengthening product portfolio.
Recently, the company unveiled GX76470 linear driver, which is applicable in optical integrated modules. This helped the company in expanding portfolio of data center and telecommunication solutions.
Additionally, IDT launched new single and quad channels named HXR14x00 TIA and HXR44x00 TIA, which are suitable for use in intra and inter-datacenter applications for 400G optical interconnect modules. Further, the company expanded its driver portfolio by rolling out GX74470 46Gbps SMT quad channel linear modulator driver.
According to World Semiconductor Trade Statistics (WSTS), the semiconductor market is expected to be up 9.5% from 2017 and to reach $451 billion in 2018.
Hence, we believe the well diversified portfolio of IDT will continue to help it in gaining momentum in the market.
Integrated Device Technology, Inc. Revenue (TTM)
Integrated Device Technology, Inc. Revenue (TTM) | Integrated Device Technology, Inc. Quote
Zacks Rank & Stocks to Consider
Currently, IDT carries a Zacks Rank #3 (Hold).
A few better-ranked stocks that can be considered in the broader technology sector are Cypress Semiconductor , Mellanox Technologies and Fortive (FTV - Free Report) . While Cypress Semiconductor and Mellanox Technologies sport a Zacks Rank #1 (Strong Buy), Fortive carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for Cypress Semiconductor, Mellanox Technologies and Fortive is currently pegged at 16.14%, 15% and 10.53%, respectively.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>