Gregory L. Waters Sells 11,703 Shares of Integrated Device Technology Inc (IDTI) Stock

Integrated Device Technology Inc (NASDAQ:IDTI) CEO Gregory L. Waters sold 11,703 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $29.24, for a total transaction of $342,195.72. Following the completion of the transaction, the chief executive officer now owns 722,552 shares of the company’s stock, valued at $21,127,420.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Gregory L. Waters also recently made the following trade(s):

  • On Tuesday, February 6th, Gregory L. Waters sold 10,000 shares of Integrated Device Technology stock. The shares were sold at an average price of $28.33, for a total transaction of $283,300.00.

Shares of Integrated Device Technology Inc (NASDAQ:IDTI) opened at $29.03 on Friday. Integrated Device Technology Inc has a 1-year low of $22.70 and a 1-year high of $34.13. The company has a current ratio of 5.62, a quick ratio of 5.01 and a debt-to-equity ratio of 0.69. The firm has a market cap of $3,841.76, a P/E ratio of 26.15, a P/E/G ratio of 2.83 and a beta of 1.96.

Integrated Device Technology (NASDAQ:IDTI) last posted its quarterly earnings data on Monday, January 29th. The semiconductor company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $217.10 million during the quarter, compared to analyst estimates of $215.32 million. During the same quarter last year, the business posted $0.35 EPS. The company’s revenue was up 23.1% on a year-over-year basis. equities research analysts predict that Integrated Device Technology Inc will post 1.15 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of IDTI. Advisor Group Inc. boosted its stake 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 worth $129,000 after purchasing an additional 600 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Integrated Device Technology by 16.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 10,516 shares of the semiconductor company’s stock worth $271,000 after purchasing an additional 1,461 shares during the period. Public Employees Retirement System of Ohio boosted its stake 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 worth $127,000 after purchasing an additional 670 shares during the period. Strs Ohio boosted its stake in Integrated Device Technology by 11.7% in the 3rd quarter. Strs Ohio now owns 18,100 shares of the semiconductor company’s stock worth $481,000 after purchasing an additional 1,900 shares during the period. Finally, Nationwide Fund Advisors boosted its stake in Integrated Device Technology by 5.0% in the 3rd quarter. Nationwide Fund Advisors now owns 362,854 shares of the semiconductor company’s stock worth $9,645,000 after purchasing an additional 17,440 shares during the period. 96.17% of the stock is owned by hedge funds and other institutional investors.

IDTI has been the subject of several recent analyst reports. Loop Capital increased their price objective on shares of Integrated Device Technology from $29.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Needham & Company LLC restated a “buy” rating and set a $36.00 target price on shares of Integrated Device Technology in a report on Tuesday, October 31st. Dougherty & Co raised their target price on shares of Integrated Device Technology from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Craig Hallum raised their target price on shares of Integrated Device Technology from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Finally, Summit Redstone upgraded shares of Integrated Device Technology from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $33.38.

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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.

Insider Buying and Selling by Quarter for Integrated Device Technology (NASDAQ:IDTI)

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