Couple the continued rise in LTE and 4G rollout, with a focused level of divestitures, and Integrated Device Technology (NASDAQ:IDTI) is poised to continue its run. The tech company posted another strong quarter for fiscal third quarter, announcing plans to further divest non-core assets, including its high-speed data converter business. Despite having doubled the return of the S&P 500 by 100% over the trailing twelve months, with the company already having several interested buyers for its high-speed data converter business and its continued move away from the PC market, the stock should continue to move higher.
Solid Q3 and chance to further build its cash hoard
The company boasts a large cash hoard of $429 million, or $2.84...
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