Integrated Device Technology Inc (IDTI) SVP Sells $273,552.50 in Stock

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.

A number of brokerages have weighed in on IDTI. ValuEngine upgraded shares of Integrated Device Technology from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Roth Capital raised their target price on shares of Integrated Device Technology from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. KeyCorp restated a “buy” rating and issued a $33.00 target price on shares of Integrated Device Technology in a research report on Wednesday, November 1st. Zacks Investment Research lowered shares of Integrated Device Technology from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, Bank of America raised their target price on shares of Integrated Device Technology from $27.00 to $30.00 and gave the company an “underperform” rating in a research report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $32.23.

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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