Integrated Device Technology Inc (IDTI) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd lessened its stake in shares of Integrated Device Technology Inc (NASDAQ:IDTI) by 42.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 340,349 shares of the semiconductor company’s stock after selling 255,086 shares during the quarter. WINTON GROUP Ltd’s holdings in Integrated Device Technology were worth $16,000,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of IDTI. Parnassus Investments CA bought a new stake in Integrated Device Technology during the second quarter worth approximately $36,021,000. Victory Capital Management Inc. boosted its holdings in Integrated Device Technology by 1,258.5% during the second quarter. Victory Capital Management Inc. now owns 1,117,920 shares of the semiconductor company’s stock worth $35,640,000 after buying an additional 1,035,630 shares in the last quarter. Hodges Capital Management Inc. boosted its holdings in Integrated Device Technology by 4.2% during the second quarter. Hodges Capital Management Inc. now owns 1,109,054 shares of the semiconductor company’s stock worth $35,357,000 after buying an additional 44,830 shares in the last quarter. Glenmede Trust Co. NA boosted its holdings in Integrated Device Technology by 4.0% during the second quarter. Glenmede Trust Co. NA now owns 1,081,750 shares of the semiconductor company’s stock worth $34,486,000 after buying an additional 41,137 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Integrated Device Technology by 3.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 906,584 shares of the semiconductor company’s stock worth $28,902,000 after buying an additional 29,558 shares in the last quarter. Institutional investors and hedge funds own 95.87% of the company’s stock.

In related news, SVP Sailesh Chittipeddi sold 33,300 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $47.01, for a total value of $1,565,433.00. Following the completion of the transaction, the senior vice president now owns 193,095 shares of the company’s stock, valued at approximately $9,077,395.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David Shepard sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $42.65, for a total transaction of $127,950.00. Following the completion of the transaction, the vice president now directly owns 75,569 shares of the company’s stock, valued at approximately $3,223,017.85. The disclosure for this sale can be found here. Insiders sold a total of 56,300 shares of company stock valued at $2,545,983 in the last ninety days. Company insiders own 1.23% of the company’s stock.

Integrated Device Technology stock opened at $46.89 on Wednesday. Integrated Device Technology Inc has a 52 week low of $26.96 and a 52 week high of $47.45. The company has a debt-to-equity ratio of 0.77, a current ratio of 4.65 and a quick ratio of 4.17. The company has a market capitalization of $6.06 billion, a P/E ratio of 36.92, a PEG ratio of 3.22 and a beta of 1.69.

Integrated Device Technology (NASDAQ:IDTI) last posted its quarterly earnings data on Monday, October 29th. The semiconductor company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. Integrated Device Technology had a net margin of 2.06% and a return on equity of 29.69%. The firm had revenue of $235.48 million during the quarter, compared to analyst estimates of $234.07 million. Equities analysts forecast that Integrated Device Technology Inc will post 1.45 EPS for the current year.

A number of analysts recently weighed in on the stock. Craig Hallum raised their target price on shares of Integrated Device Technology from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. BidaskClub cut shares of Integrated Device Technology from a “strong-buy” rating to a “buy” rating in a report on Friday, November 2nd. Needham & Company LLC raised their target price on shares of Integrated Device Technology from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. Susquehanna Bancshares restated a “neutral” rating and set a $49.00 target price (up from $42.00) on shares of Integrated Device Technology in a report on Tuesday, September 11th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $37.50 target price on shares of Integrated Device Technology in a report on Tuesday, July 31st. Nine investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $42.91.

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About Integrated Device Technology

Integrated Device Technology, Inc designs, develops, manufactures, and markets a range of semiconductor solutions for the communications, computing, consumer, automotive, industrial, and industrial end-markets. It operates in two segments, Communications; and Computing, Consumer and Industrial. The Communications segment offers clocks and timing solutions; radio frequency products; flow-control management products, including multi-port products; telecommunication interface products; static random access memory products; first in and first out memories; digital logic products; optical interconnect and frequency control solutions; and Serial RapidIO switching solutions.

See Also: Intrinsic Value

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

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