Integrated Device Technology Inc (IDTI) Shares Sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. trimmed its holdings in shares of Integrated Device Technology Inc (NASDAQ:IDTI) by 39.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,396 shares of the semiconductor company’s stock after selling 5,369 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Integrated Device Technology were worth $250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in IDTI. FMR LLC grew its stake in Integrated Device Technology by 63.4% during the 2nd quarter. FMR LLC now owns 9,999,837 shares of the semiconductor company’s stock worth $257,896,000 after buying an additional 3,878,581 shares during the last quarter. Hood River Capital Management LLC purchased a new stake in Integrated Device Technology during the 2nd quarter valued at about $15,608,000. Hodges Capital Management Inc. grew its stake in Integrated Device Technology by 135.8% during the 3rd quarter. Hodges Capital Management Inc. now owns 991,500 shares of the semiconductor company’s stock valued at $26,354,000 after purchasing an additional 571,025 shares during the last quarter. Teachers Advisors LLC grew its stake in Integrated Device Technology by 202.2% during the 2nd quarter. Teachers Advisors LLC now owns 777,944 shares of the semiconductor company’s stock valued at $20,063,000 after purchasing an additional 520,484 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its stake in Integrated Device Technology by 84.3% during the 2nd quarter. Westfield Capital Management Co. LP now owns 1,047,910 shares of the semiconductor company’s stock valued at $27,026,000 after purchasing an additional 479,405 shares during the last quarter. Hedge funds and other institutional investors own 96.22% of the company’s stock.

In other Integrated Device Technology news, VP Chris Allexandre sold 1,028 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $32.23, for a total transaction of $33,132.44. Following the completion of the sale, the vice president now directly owns 49,936 shares in the company, valued at approximately $1,609,437.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Brian C. White sold 8,417 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $32.50, for a total value of $273,552.50. Following the sale, the senior vice president now owns 108,737 shares of the company’s stock, valued at $3,533,952.50. The disclosure for this sale can be found here. Insiders sold a total of 105,264 shares of company stock valued at $3,310,127 in the last ninety days. 1.24% of the stock is currently owned by insiders.

Integrated Device Technology Inc (IDTI) opened at $32.29 on Monday. The firm has a market capitalization of $4,300.00, a PE ratio of 44.85, a P/E/G ratio of 3.12 and a beta of 1.97. Integrated Device Technology Inc has a fifty-two week low of $22.70 and a fifty-two week high of $33.92. The company has a quick ratio of 4.80, a current ratio of 5.42 and a debt-to-equity ratio of 0.62.

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

Several equities analysts have recently issued reports on IDTI shares. Summit Redstone raised Integrated Device Technology from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Craig Hallum boosted their price objective on Integrated Device Technology from $30.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Dougherty & Co boosted their price objective on Integrated Device Technology from $30.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Needham & Company LLC reissued a “buy” rating and issued a $36.00 price objective on shares of Integrated Device Technology in a report on Tuesday, October 31st. Finally, Loop Capital boosted their price objective on Integrated Device Technology from $29.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. Integrated Device Technology presently has a consensus rating of “Buy” and an average target price of $32.23.

WARNING: This article was posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this article on another website, it was copied illegally and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.com-unik.info/2018/01/15/integrated-device-technology-inc-idti-shares-sold-by-first-citizens-bank-trust-co.html.

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.

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? - 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