BNP Paribas Arbitrage SA Has $1.62 Million Stake in Integrated Device Technology, Inc. (NASDAQ:IDTI)

BNP Paribas Arbitrage SA lowered its holdings in Integrated Device Technology, Inc. (NASDAQ:IDTI) by 9.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,912 shares of the semiconductor company’s stock after selling 6,356 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Integrated Device Technology were worth $1,619,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in Integrated Device Technology by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 566,001 shares of the semiconductor company’s stock worth $15,044,000 after purchasing an additional 3,730 shares in the last quarter. Hodges Capital Management Inc. grew its holdings in Integrated Device Technology by 135.8% in the 3rd quarter. Hodges Capital Management Inc. now owns 991,500 shares of the semiconductor company’s stock valued at $26,354,000 after buying an additional 571,025 shares during the period. Frontier Capital Management Co. LLC grew its holdings in Integrated Device Technology by 1.3% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 5,163,723 shares of the semiconductor company’s stock valued at $137,252,000 after buying an additional 67,002 shares during the period. Bridge City Capital LLC grew its holdings in Integrated Device Technology by 8.7% in the 3rd quarter. Bridge City Capital LLC now owns 52,399 shares of the semiconductor company’s stock valued at $1,393,000 after buying an additional 4,190 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in Integrated Device Technology by 2.8% in the 3rd quarter. Canada Pension Plan Investment Board now owns 80,400 shares of the semiconductor company’s stock valued at $2,137,000 after buying an additional 2,200 shares during the period. 96.23% of the stock is owned by institutional investors.

In other news, Director Gordon W. Parnell sold 6,000 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $32.45, for a total value of $194,700.00. Following the completion of the sale, the director now owns 82,602 shares in the company, valued at $2,680,434.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Chris Allexandre sold 1,028 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $32.23, for a total value of $33,132.44. Following the completion of the sale, the vice president now 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. Insiders have sold a total of 74,069 shares of company stock valued at $2,354,373 in the last quarter. 1.24% of the stock is currently owned by insiders.

Several analysts have commented on IDTI shares. KeyCorp restated a “buy” rating and issued a $30.00 price target on shares of Integrated Device Technology in a report on Tuesday, October 17th. Craig Hallum lifted their price objective on Integrated Device Technology from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. Dougherty & Co lifted their price objective on Integrated Device Technology from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Integrated Device Technology in a research note on Tuesday, October 31st. Finally, Loop Capital boosted their price target on Integrated Device Technology from $29.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. Integrated Device Technology has a consensus rating of “Buy” and a consensus target price of $32.23.

Shares of Integrated Device Technology, Inc. (NASDAQ IDTI) opened at $29.93 on Tuesday. Integrated Device Technology, Inc. has a twelve month low of $22.58 and a twelve month high of $33.92. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.42 and a quick ratio of 4.80. The firm has a market capitalization of $4,084.67, a P/E ratio of 27.95, a PEG ratio of 2.97 and a beta of 1.96.

Integrated Device Technology (NASDAQ:IDTI) last issued its quarterly earnings data on Monday, October 30th. The semiconductor company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. The firm had revenue of $204.40 million during the quarter, compared to the consensus estimate of $200.99 million. Integrated Device Technology had a return on equity of 19.65% and a net margin of 13.32%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.34 EPS. sell-side analysts predict that Integrated Device Technology, Inc. will post 1.15 earnings per share for the current fiscal year.

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Integrated Device Technology Company Profile

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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