Integrated Device Technology, Inc. (NASDAQ:IDTI) Shares Bought by Bridge City Capital LLC

Bridge City Capital LLC boosted its stake in shares of Integrated Device Technology, Inc. (NASDAQ:IDTI) by 8.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 52,399 shares of the semiconductor company’s stock after purchasing an additional 4,190 shares during the period. Bridge City Capital LLC’s holdings in Integrated Device Technology were worth $1,393,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Greenwood Capital Associates LLC boosted its holdings in shares of Integrated Device Technology by 1.3% in the 2nd quarter. Greenwood Capital Associates LLC now owns 18,604 shares of the semiconductor company’s stock valued at $480,000 after acquiring an additional 234 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Integrated Device Technology by 5.1% in the 2nd quarter. Alliancebernstein L.P. now owns 3,252,085 shares of the semiconductor company’s stock valued at $83,871,000 after purchasing an additional 158,917 shares during the period. Northern Trust Corp lifted its stake in shares of Integrated Device Technology by 1.7% in the 2nd quarter. Northern Trust Corp now owns 2,259,492 shares of the semiconductor company’s stock valued at $58,272,000 after purchasing an additional 37,579 shares during the period. Legal & General Group Plc lifted its stake in shares of Integrated Device Technology by 23.6% in the 1st quarter. Legal & General Group Plc now owns 85,591 shares of the semiconductor company’s stock valued at $2,026,000 after purchasing an additional 16,315 shares during the period. Finally, State Street Corp lifted its stake in shares of Integrated Device Technology by 2.8% in the 2nd quarter. State Street Corp now owns 4,850,496 shares of the semiconductor company’s stock valued at $125,094,000 after purchasing an additional 129,876 shares during the period. 96.20% of the stock is currently owned by institutional investors.

Integrated Device Technology, Inc. (NASDAQ:IDTI) traded up $0.11 during mid-day trading on Friday, reaching $33.28. 1,583,100 shares of the company’s stock were exchanged, compared to its average volume of 1,748,060. The company has a current ratio of 5.42, a quick ratio of 4.80 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $4,420.75, a PE ratio of 30.25, a P/E/G ratio of 3.22 and a beta of 1.98. Integrated Device Technology, Inc. has a 12 month low of $21.80 and a 12 month high of $33.64.

Integrated Device Technology (NASDAQ:IDTI) last announced its earnings results on Monday, October 30th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Integrated Device Technology had a net margin of 13.32% and a return on equity of 19.65%. The business had revenue of $204.40 million for the quarter, compared to analyst estimates of $200.99 million. During the same period last year, the firm posted $0.34 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. equities analysts predict that Integrated Device Technology, Inc. will post 1.15 EPS for the current year.

A number of equities analysts have weighed in on IDTI shares. KeyCorp restated a “buy” rating and set a $30.00 price objective on shares of Integrated Device Technology in a research report on Tuesday, October 17th. Needham & Company LLC reiterated a “buy” rating on shares of Integrated Device Technology in a research report on Tuesday, August 1st. Loop Capital reiterated a “buy” rating and issued a $29.00 target price on shares of Integrated Device Technology in a research report on Tuesday, August 22nd. Dougherty & Co increased their target price on shares of Integrated Device Technology from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Finally, Craig Hallum upped their price objective on shares of Integrated Device Technology from $30.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $32.23.

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In other Integrated Device Technology news, insider Xianzhi Sean Fan sold 67,041 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $31.72, for a total transaction of $2,126,540.52. Following the sale, the insider now directly owns 138,993 shares in the company, valued at approximately $4,408,857.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Chris Allexandre sold 1,028 shares of Integrated Device Technology stock in a transaction on Monday, November 6th. The stock was sold at an average price of $32.23, for a total value of $33,132.44. Following the transaction, the vice president now directly owns 49,936 shares of the company’s stock, valued at approximately $1,609,437.28. The disclosure for this sale can be found here. 1.24% of the stock is currently owned by insiders.

About Integrated Device Technology

Integrated Device Technology, Inc develops system-level solutions that optimize its customers’ applications. The Company operates through two segments: the Communications, and the Computing, Consumer and Industrial. It offers products in radio frequency (RF), timing, wireless power transfer, serial switching, interfaces and sensing solutions.

Institutional Ownership by Quarter for Integrated Device Technology (NASDAQ:IDTI)

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