Integrated Device Technology Inc (IDTI) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. lifted its holdings in shares of Integrated Device Technology Inc (NASDAQ:IDTI) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 833,551 shares of the semiconductor company’s stock after purchasing an additional 21,932 shares during the period. Schwab Charles Investment Management Inc. owned 0.63% of Integrated Device Technology worth $24,782,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Hodges Capital Management Inc. lifted its stake in shares of Integrated Device Technology by 135.8% during the third quarter. Hodges Capital Management Inc. now owns 991,500 shares of the semiconductor company’s stock valued at $26,354,000 after acquiring an additional 571,025 shares during the period. Hood River Capital Management LLC lifted its stake in shares of Integrated Device Technology by 55.7% during the third quarter. Hood River Capital Management LLC now owns 942,247 shares of the semiconductor company’s stock valued at $25,045,000 after acquiring an additional 337,056 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Integrated Device Technology by 369.0% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 311,528 shares of the semiconductor company’s stock valued at $8,281,000 after acquiring an additional 245,101 shares during the period. Trigran Investments Inc. lifted its stake in shares of Integrated Device Technology by 10.7% during the third quarter. Trigran Investments Inc. now owns 1,673,385 shares of the semiconductor company’s stock valued at $44,479,000 after acquiring an additional 161,150 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Integrated Device Technology by 334.0% during the third quarter. First Trust Advisors LP now owns 200,817 shares of the semiconductor company’s stock valued at $5,338,000 after acquiring an additional 154,542 shares during the period. Institutional investors own 96.22% of the company’s stock.

Several brokerages have recently issued reports on IDTI. Dougherty & Co upped their price target 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. KeyCorp reaffirmed a “buy” rating on shares of Integrated Device Technology in a research note on Monday, January 29th. Roth Capital upped their price target on Integrated Device Technology from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Craig Hallum reaffirmed a “buy” rating and set a $40.00 price target (up previously from $36.00) on shares of Integrated Device Technology in a research note on Tuesday, January 30th. Finally, BidaskClub lowered Integrated Device Technology from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two equities research 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 has a consensus rating of “Buy” and an average price target of $33.38.

Integrated Device Technology Inc (NASDAQ:IDTI) opened at $29.20 on Friday. Integrated Device Technology Inc has a one year low of $22.70 and a one year high of $34.13. The company has a quick ratio of 5.01, a current ratio of 5.62 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $3,845.73, a PE ratio of 26.18, a price-to-earnings-growth ratio of 2.83 and a beta of 1.96.

Integrated Device Technology (NASDAQ:IDTI) last released its earnings results on Monday, January 29th. The semiconductor company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.01. Integrated Device Technology had a positive return on equity of 20.26% and a negative net margin of 0.33%. The firm had revenue of $217.10 million for the quarter, compared to analyst estimates of $215.32 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was up 23.1% on a year-over-year basis. equities research analysts expect that Integrated Device Technology Inc will post 1.15 EPS for the current fiscal year.

In other news, CEO Gregory L. Waters sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $28.33, for a total transaction of $283,300.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Brian C. White sold 23,297 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $34.00, for a total value of $792,098.00. Following the sale, the senior vice president now directly owns 131,272 shares in the company, valued at approximately $4,463,248. The disclosure for this sale can be found here. Insiders sold 91,120 shares of company stock worth $2,897,646 in the last three months. Insiders own 1.24% 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.

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

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