Integrated Device Technology Inc (NASDAQ:IDTI) SVP Brian C. White sold 8,417 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $32.50, for a total transaction of $273,552.50. Following the transaction, the senior vice president now directly owns 108,737 shares in the company, valued at $3,533,952.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Integrated Device Technology Inc (NASDAQ IDTI) opened at $32.67 on Tuesday. The stock has a market cap of $4,360.00, a P/E ratio of 45.38, a P/E/G ratio of 3.09 and a beta of 1.97. The company has a debt-to-equity ratio of 0.62, a current ratio of 5.42 and a quick ratio of 4.80. Integrated Device Technology Inc has a one year low of $22.70 and a one year high of $33.92.
Integrated Device Technology (NASDAQ:IDTI) last announced its quarterly earnings data on Monday, October 30th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $204.40 million for the quarter, compared to analysts’ expectations of $200.99 million. Integrated Device Technology had a net margin of 13.32% and a return on equity of 19.65%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $0.34 earnings per share. equities analysts anticipate that Integrated Device Technology Inc will post 1.15 EPS for the current fiscal year.
Several research analysts have recently commented on the stock. ValuEngine cut shares of Integrated Device Technology from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Roth Capital raised their target price on shares of Integrated Device Technology from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Zacks Investment Research cut shares of Integrated Device Technology from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. KeyCorp reaffirmed a “buy” rating and set a $33.00 target price on shares of Integrated Device Technology in a report on Wednesday, November 1st. Finally, Bank of America raised their target price on shares of Integrated Device Technology from $27.00 to $30.00 and gave the stock an “underperform” rating in a report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $32.23.
A number of large investors have recently made changes to their positions in the stock. Copper Rock Capital Partners LLC increased its stake in Integrated Device Technology by 3.6% in the fourth quarter. Copper Rock Capital Partners LLC now owns 1,052,138 shares of the semiconductor company’s stock valued at $31,722,000 after acquiring an additional 36,514 shares during the last quarter. California Public Employees Retirement System increased its stake in Integrated Device Technology by 4.1% in the third quarter. California Public Employees Retirement System now owns 343,063 shares of the semiconductor company’s stock valued at $9,119,000 after acquiring an additional 13,563 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Integrated Device Technology in the third quarter valued at approximately $601,000. Segall Bryant & Hamill LLC increased its stake in Integrated Device Technology by 5.5% in the third quarter. Segall Bryant & Hamill LLC now owns 1,991,825 shares of the semiconductor company’s stock valued at $52,943,000 after acquiring an additional 103,602 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Integrated Device Technology by 53.4% in the third quarter. Envestnet Asset Management Inc. now owns 27,327 shares of the semiconductor company’s stock valued at $725,000 after acquiring an additional 9,515 shares during the last quarter. 96.22% of the stock is currently owned by institutional investors and hedge funds.
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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.
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