Integrated Device Technology Inc (NASDAQ:IDTI) SVP Brian C. White sold 15,583 shares of Integrated Device Technology stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $33.00, for a total transaction of $514,239.00. Following the sale, the senior vice president now owns 123,558 shares of the company’s stock, valued at $4,077,414. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Integrated Device Technology Inc (NASDAQ IDTI) opened at $27.49 on Wednesday. The company has a market cap of $3,678.98, a price-to-earnings ratio of -916.03, a price-to-earnings-growth ratio of 2.71 and a beta of 1.96. Integrated Device Technology Inc has a 1 year low of $22.70 and a 1 year high of $34.13. The company has a debt-to-equity ratio of 0.69, a quick ratio of 5.01 and a current ratio of 5.62.
Integrated Device Technology (NASDAQ:IDTI) last issued its earnings results on Monday, January 29th. The semiconductor company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.41 by $0.01. Integrated Device Technology had a negative net margin of 0.33% and a positive return on equity of 20.26%. The company had revenue of $217.10 million for the quarter, compared to analyst estimates of $215.32 million. During the same period in the previous year, the firm earned $0.35 EPS. The business’s revenue was up 23.1% on a year-over-year basis. sell-side analysts predict that Integrated Device Technology Inc will post 1.15 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on IDTI shares. Craig Hallum lifted their price target on shares of Integrated Device Technology from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Barclays upgraded shares of Integrated Device Technology from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $28.00 to $33.00 in a research report on Wednesday, January 17th. KeyCorp boosted their price objective on shares of Integrated Device Technology from $33.00 to $37.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Needham & Company LLC restated a “buy” rating and set a $38.00 price objective (up previously from $36.00) on shares of Integrated Device Technology in a research report on Tuesday, January 30th. Finally, Zacks Investment Research raised shares of Integrated Device Technology from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $33.38.
Institutional investors have recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC boosted its position in shares of Integrated Device Technology by 77.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,790 shares of the semiconductor company’s stock worth $124,000 after buying an additional 2,090 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Integrated Device Technology by 15.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,935 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 670 shares in the last quarter. Advisor Group Inc. lifted its holdings in Integrated Device Technology by 13.7% in the 2nd quarter. Advisor Group Inc. now owns 4,964 shares of the semiconductor company’s stock valued at $129,000 after purchasing an additional 600 shares in the last quarter. Thompson Davis & CO. Inc. lifted its holdings in Integrated Device Technology by 285.7% in the 4th quarter. Thompson Davis & CO. Inc. now owns 6,750 shares of the semiconductor company’s stock valued at $201,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Integrated Device Technology by 47.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,623 shares of the semiconductor company’s stock valued at $227,000 after purchasing an additional 2,441 shares in the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.
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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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