State of New Jersey Common Pension Fund D Sells 190,000 Shares of Integrated Device Technology, Inc. (IDTI)

State of New Jersey Common Pension Fund D decreased its position in shares of Integrated Device Technology, Inc. (NASDAQ:IDTI) by 23.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 630,000 shares of the semiconductor company’s stock after selling 190,000 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.47% of Integrated Device Technology worth $16,745,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. First Trust Advisors LP grew its position in shares of Integrated Device Technology by 334.0% during the 3rd quarter. First Trust Advisors LP now owns 200,817 shares of the semiconductor company’s stock worth $5,338,000 after buying an additional 154,542 shares in the last quarter. Nationwide Fund Advisors grew its position in shares of Integrated Device Technology by 5.0% during the 3rd quarter. Nationwide Fund Advisors now owns 362,854 shares of the semiconductor company’s stock worth $9,645,000 after buying an additional 17,440 shares in the last quarter. Strs Ohio grew its position in shares of Integrated Device Technology by 11.7% during the 3rd quarter. Strs Ohio now owns 18,100 shares of the semiconductor company’s stock worth $481,000 after buying an additional 1,900 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Integrated Device Technology by 15.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,935 shares of the semiconductor company’s stock worth $127,000 after buying an additional 670 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of Integrated Device Technology by 16.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 10,516 shares of the semiconductor company’s stock worth $271,000 after buying an additional 1,461 shares in the last quarter. 96.44% of the stock is currently owned by institutional investors and hedge funds.

IDTI has been the topic of a number of recent research reports. KeyCorp reissued a “buy” rating and set a $30.00 price target on shares of Integrated Device Technology in a research report on Friday, September 1st. Zacks Investment Research raised Integrated Device Technology from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Barclays PLC reissued an “underweight” rating on shares of Integrated Device Technology in a research report on Friday, July 21st. Finally, Needham & Company LLC reissued a “buy” rating on shares of Integrated Device Technology in a research report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $28.55.

In other Integrated Device Technology news, Director S Kenneth Kannappan acquired 2,000 shares of the stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average cost of $24.32 per share, with a total value of $48,640.00. Following the transaction, the director now owns 18,637 shares in the company, valued at approximately $453,251.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Mario Montana sold 20,374 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $24.43, for a total value of $497,736.82. Following the transaction, the vice president now directly owns 67,443 shares of the company’s stock, valued at $1,647,632.49. The disclosure for this sale can be found here. Corporate insiders own 1.24% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This report was originally posted by Community Financial News and is owned by of Community Financial News. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://www.com-unik.info/2017/10/30/state-of-new-jersey-common-pension-fund-d-sells-190000-shares-of-integrated-device-technology-inc-idti.html.

Shares of Integrated Device Technology, Inc. (IDTI) opened at 28.57 on Monday. Integrated Device Technology, Inc. has a 1-year low of $20.50 and a 1-year high of $28.74. The stock has a market capitalization of $3.81 billion, a PE ratio of 37.10 and a beta of 1.98. The firm has a 50-day moving average price of $27.23 and a 200-day moving average price of $25.34.

Integrated Device Technology (NASDAQ:IDTI) last released its quarterly earnings data on Monday, July 31st. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.07). The business had revenue of $196.71 million for the quarter, compared to analyst estimates of $195.10 million. Integrated Device Technology had a return on equity of 20.34% and a net margin of 14.50%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 earnings per share. On average, equities research analysts forecast that Integrated Device Technology, Inc. will post $1.49 earnings per share for the current year.

Integrated Device Technology 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.

Want to see what other hedge funds are holding IDTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Integrated Device Technology, Inc. (NASDAQ:IDTI).

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

What are top analysts saying about Integrated Device Technology Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Integrated Device Technology Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit