Integrated Device Technology Inc (IDTI) Shares Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System grew its holdings in Integrated Device Technology Inc (NASDAQ:IDTI) by 1.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,600 shares of the semiconductor company’s stock after acquiring an additional 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Integrated Device Technology were worth $1,695,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Integrated Device Technology by 4.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,463 shares of the semiconductor company’s stock valued at $410,000 after acquiring an additional 393 shares in the last quarter. First Hawaiian Bank lifted its position in shares of Integrated Device Technology by 300.0% in the fourth quarter. First Hawaiian Bank now owns 560 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 420 shares in the last quarter. BOKF NA lifted its position in shares of Integrated Device Technology by 1.9% in the fourth quarter. BOKF NA now owns 26,945 shares of the semiconductor company’s stock valued at $1,305,000 after acquiring an additional 497 shares in the last quarter. ETF Managers Group LLC lifted its position in shares of Integrated Device Technology by 15.8% in the fourth quarter. ETF Managers Group LLC now owns 4,268 shares of the semiconductor company’s stock valued at $207,000 after acquiring an additional 582 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Integrated Device Technology by 0.8% in the fourth quarter. Arizona State Retirement System now owns 92,613 shares of the semiconductor company’s stock worth $4,485,000 after buying an additional 770 shares in the last quarter. Institutional investors and hedge funds own 91.32% of the company’s stock.

Shares of NASDAQ IDTI opened at $48.99 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.10. Integrated Device Technology Inc has a 1-year low of $27.71 and a 1-year high of $49.00. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 38.57, a P/E/G ratio of 3.72 and a beta of 1.22.

Integrated Device Technology (NASDAQ:IDTI) last issued its quarterly earnings data on Monday, January 28th. The semiconductor company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.09). Integrated Device Technology had a return on equity of 30.02% and a net margin of 11.68%. The company had revenue of $240.59 million for the quarter, compared to the consensus estimate of $236.64 million. As a group, analysts predict that Integrated Device Technology Inc will post 1.32 EPS for the current fiscal year.

In other Integrated Device Technology news, VP Chris Allexandre sold 2,569 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $48.31, for a total transaction of $124,108.39. Following the sale, the vice president now directly owns 101,640 shares of the company’s stock, valued at $4,910,228.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.23% of the company’s stock.

A number of equities research analysts recently commented on IDTI shares. BidaskClub downgraded Integrated Device Technology from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 9th. Charter Equity downgraded Integrated Device Technology from a “buy” rating to a “market perform” rating in a research report on Tuesday, January 29th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Integrated Device Technology currently has an average rating of “Hold” and a consensus price target of $42.91.

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Integrated Device Technology Profile

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.

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

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