Integrated Device Technology Inc (IDTI) Holdings Cut by New York State Common Retirement Fund

New York State Common Retirement Fund cut its holdings in Integrated Device Technology Inc (NASDAQ:IDTI) by 20.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 142,300 shares of the semiconductor company’s stock after selling 36,249 shares during the quarter. New York State Common Retirement Fund owned 0.11% of Integrated Device Technology worth $3,782,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Riverhead Capital Management LLC lifted its stake in Integrated Device Technology by 77.4% in the second quarter. Riverhead Capital Management LLC now owns 4,790 shares of the semiconductor company’s stock valued at $124,000 after buying an additional 2,090 shares during the period. Public Employees Retirement System of Ohio lifted its stake in Integrated Device Technology by 15.7% in the second quarter. Public Employees Retirement System of Ohio now owns 4,935 shares of the semiconductor company’s stock valued at $127,000 after buying an additional 670 shares during the period. Advisor Group Inc. lifted its stake in Integrated Device Technology by 13.7% in the second quarter. Advisor Group Inc. now owns 4,964 shares of the semiconductor company’s stock valued at $129,000 after buying an additional 600 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Integrated Device Technology by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,182 shares of the semiconductor company’s stock worth $134,000 after purchasing an additional 525 shares during the period. Finally, Fortaleza Asset Management Inc. raised its position in shares of Integrated Device Technology by 50.7% during the third quarter. Fortaleza Asset Management Inc. now owns 8,905 shares of the semiconductor company’s stock worth $237,000 after purchasing an additional 2,995 shares during the period. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on IDTI shares. Craig Hallum upped their target price on Integrated Device Technology from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. KeyCorp reaffirmed a “buy” rating and set a $30.00 target price 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 Wednesday, October 18th. Bank of America upped their target price on Integrated Device Technology from $27.00 to $30.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 31st. Finally, ValuEngine raised Integrated Device Technology from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $32.23.

Shares of Integrated Device Technology Inc (NASDAQ IDTI) opened at $30.23 on Thursday. Integrated Device Technology Inc has a 1-year low of $22.70 and a 1-year high of $33.92. The stock has a market capitalization of $4,020.00, a price-to-earnings ratio of 41.99, a P/E/G ratio of 2.91 and a beta of 1.95. The company has a current ratio of 5.42, a quick ratio of 4.80 and a debt-to-equity ratio of 0.41.

Integrated Device Technology (NASDAQ:IDTI) last announced its quarterly earnings results on Monday, October 30th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Integrated Device Technology had a return on equity of 19.65% and a net margin of 13.32%. The business had revenue of $204.40 million during the quarter, compared to the consensus estimate of $200.99 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. Integrated Device Technology’s revenue was up 11.1% compared to the same quarter last year. analysts forecast that Integrated Device Technology Inc will post 1.15 EPS for the current fiscal year.

In related news, insider Xianzhi Sean Fan sold 67,041 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $31.72, for a total transaction of $2,126,540.52. Following the completion of the sale, the insider now owns 138,993 shares in the company, valued at $4,408,857.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Chris Allexandre sold 1,028 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $32.23, for a total value of $33,132.44. Following the sale, the vice president now owns 49,936 shares of the company’s stock, valued at approximately $1,609,437.28. The disclosure for this sale can be found here. Insiders have sold 96,847 shares of company stock valued at $3,036,574 in the last quarter. 1.24% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: This piece was reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://www.com-unik.info/2017/12/28/integrated-device-technology-inc-idti-holdings-cut-by-new-york-state-common-retirement-fund.html.

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.

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

What are top analysts saying about Integrated Device Technology? - 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 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