Integrated Device Technology Inc (NASDAQ:IDTI) CEO Gregory L. Waters sold 15,000 shares of the company’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $30.22, for a total value of $453,300.00. Following the sale, the chief executive officer now owns 732,552 shares of the company’s stock, valued at approximately $22,137,721.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
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 value of $283,300.00.
NASDAQ IDTI opened at $29.60 on Friday. The stock has a market capitalization of $4,031.00, a PE ratio of 27.44, a price-to-earnings-growth ratio of 2.28 and a beta of 1.83. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.62 and a quick ratio of 5.01. Integrated Device Technology Inc has a twelve month low of $22.70 and a twelve month high of $34.13.
Integrated Device Technology (NASDAQ:IDTI) last released its quarterly earnings data on Monday, January 29th. The semiconductor company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The firm had revenue of $217.10 million during the quarter, compared to analyst estimates of $215.32 million. Integrated Device Technology had a positive return on equity of 20.26% and a negative net margin of 0.33%. The business’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share. equities research analysts predict that Integrated Device Technology Inc will post 1.15 earnings per share for the current fiscal year.
Several analysts have issued reports on the company. Piper Jaffray assumed coverage on Integrated Device Technology in a report on Monday, February 26th. They set an “overweight” rating and a $33.00 price target for the company. Zacks Investment Research raised Integrated Device Technology from a “sell” rating to a “hold” rating in a report on Friday, March 2nd. ValuEngine raised Integrated Device Technology from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. BidaskClub raised Integrated Device Technology from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Barclays raised Integrated Device Technology from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $28.00 to $33.00 in a report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $33.36.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new position in shares of Integrated Device Technology in the third quarter worth about $601,000. Koch Industries Inc. bought a new position in shares of Integrated Device Technology in the fourth quarter worth about $386,000. OxFORD Asset Management LLP bought a new position in shares of Integrated Device Technology in the third quarter worth about $561,000. New Mexico Educational Retirement Board bought a new position in shares of Integrated Device Technology in the fourth quarter worth about $981,000. Finally, Copper Rock Capital Partners LLC boosted its stake in shares of 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 worth $31,722,000 after acquiring an additional 36,514 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.
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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.
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