Integrated Device Technology Inc (NASDAQ:IDTI) SVP Brian C. White sold 8,417 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $32.50, for a total transaction of $273,552.50. Following the completion of the sale, the senior vice president now owns 108,737 shares in the company, valued at approximately $3,533,952.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Integrated Device Technology Inc (NASDAQ:IDTI) opened at $32.67 on Tuesday. The company has a market cap of $4,360.00, a price-to-earnings ratio of 45.38, a PEG ratio of 3.09 and a beta of 1.97. The company has a debt-to-equity ratio of 0.62, a quick ratio of 4.80 and a current ratio of 5.42. Integrated Device Technology Inc has a fifty-two week low of $22.70 and a fifty-two week high of $33.92.
Integrated Device Technology (NASDAQ:IDTI) last issued its quarterly earnings results on Monday, October 30th. The semiconductor company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $204.40 million for the quarter, compared to analyst estimates of $200.99 million. Integrated Device Technology had a net margin of 13.32% and a return on equity of 19.65%. Integrated Device Technology’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 earnings per share. research analysts forecast that Integrated Device Technology Inc will post 1.15 EPS for the current year.
Several large investors have recently modified their holdings of IDTI. FMR LLC lifted its holdings in shares of Integrated Device Technology by 63.4% during the second quarter. FMR LLC now owns 9,999,837 shares of the semiconductor company’s stock worth $257,896,000 after purchasing an additional 3,878,581 shares during the period. Hood River Capital Management LLC acquired a new position in shares of Integrated Device Technology during the second quarter worth $15,608,000. Hodges Capital Management Inc. lifted its holdings in shares of Integrated Device Technology by 135.8% during the third quarter. Hodges Capital Management Inc. now owns 991,500 shares of the semiconductor company’s stock worth $26,354,000 after purchasing an additional 571,025 shares during the period. Teachers Advisors LLC lifted its holdings in shares of Integrated Device Technology by 202.2% during the second quarter. Teachers Advisors LLC now owns 777,944 shares of the semiconductor company’s stock worth $20,063,000 after purchasing an additional 520,484 shares during the period. Finally, Westfield Capital Management Co. LP lifted its holdings in shares of Integrated Device Technology by 84.3% during the second quarter. Westfield Capital Management Co. LP now owns 1,047,910 shares of the semiconductor company’s stock worth $27,026,000 after purchasing an additional 479,405 shares during the period. Institutional investors own 96.22% of the company’s stock.
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About Integrated Device Technology
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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