Integrated Device Technology Inc (IDTI) Shares Bought by Stephens Investment Management Group LLC

Integrated Device Technology Inc (IDTI) Shares Bought by Stephens Investment Management Group LLC

Several other institutional investors have also recently bought and sold shares of IDTI. Autus Asset Management LLC boosted its position in Integrated Device Technology by 8.5% in the third quarter. Autus Asset Management LLC now owns 56,880 shares of the semiconductor company’s stock worth $1,314,000 after buying an additional 4,475 shares during the last quarter. Segantii Capital Management Ltd purchased a new position in Integrated Device Technology during the third quarter worth about $6,747,000. Principal Financial Group Inc. boosted its position in Integrated Device Technology by 4.6% in the third quarter. Principal Financial Group Inc. now owns 530,170 shares of the semiconductor company’s stock worth $12,247,000 after buying an additional 23,551 shares during the last quarter. Sirios Capital Management L P purchased a new position in Integrated Device Technology during the third quarter worth about $1,186,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Integrated Device Technology during the third quarter worth about $21,296,000. Hedge funds and other institutional investors own 93.63% of the company’s stock.

Stephens Investment Management Group LLC boosted its position in Integrated Device Technology Inc (NASDAQ:IDTI) by 8.1% during the first quarter, Holdings Channel reports. The fund owned 1,103,613 shares of the semiconductor company’s stock after buying an additional 82,338 shares during the period. Stephens Investment Management Group LLC’s holdings in Integrated Device Technology were worth $26,123,000 at the end of the most recent reporting period.

Shares of Integrated Device Technology Inc (NASDAQ IDTI) opened at 25.58 on Thursday. Integrated Device Technology Inc has a 12-month low of $18.49 and a 12-month high of $26.66. The stock has a market cap of $3.40 billion, a PE ratio of 32.02 and a beta of 2.11. The firm has a 50-day moving average price of $23.97 and a 200 day moving average price of $24.29.

Integrated Device Technology (NASDAQ:IDTI) last issued its quarterly earnings results on Monday, May 1st. The semiconductor company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. The firm had revenue of $175.70 million for the quarter, compared to analyst estimates of $175.05 million. Integrated Device Technology had a net margin of 21.82% and a return on equity of 23.43%. Integrated Device Technology’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period last year, the company posted $0.36 EPS. Equities research analysts expect that Integrated Device Technology Inc will post $1.50 earnings per share for the current year.

IDTI has been the subject of several analyst reports. Needham & Company LLC restated a “buy” rating and set a $28.00 target price on shares of Integrated Device Technology in a report on Wednesday, February 8th. Zacks Investment Research upgraded Integrated Device Technology from a “sell” rating to a “hold” rating in a report on Tuesday, March 7th. Bank of America Corp cut Integrated Device Technology from a “buy” rating to a “neutral” rating in a report on Thursday, February 16th. Finally, Goldman Sachs Group Inc initiated coverage on Integrated Device Technology in a report on Monday, April 17th. They set a “neutral” rating and a $24.00 target price for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $26.14.

In other Integrated Device Technology news, VP Mario Montana sold 25,314 shares of the stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $25.98, for a total value of $657,657.72. Following the completion of the sale, the vice president now owns 120,087 shares in the company, valued at approximately $3,119,860.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Xianzhi Sean Fan sold 84,375 shares of the stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $24.49, for a total transaction of $2,066,343.75. Following the completion of the sale, the vice president now owns 179,691 shares of the company’s stock, valued at approximately $4,400,632.59. The disclosure for this sale can be found here. In the last quarter, insiders sold 181,058 shares of company stock valued at $4,464,878. 1.38% of the stock is owned by insiders.

Integrated Device Technology Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:IDTI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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