Other hedge funds have also made changes to their positions in the company.
Rothschild Asset Management Inc sold 203,877 shares last quarter decreasing its stake in Integrated Devices (IDTI) by 18.7%. Greenwood Capital Associates LLC now owns 18,604 shares of the semiconductor company's stock worth $480,000 after buying an additional 234 shares in the last quarter. Northern Trust Corp lifted its position in Integrated Device Technology by 1.7% during the 2nd quarter. Advisor Group Inc. now owns 4,964 shares of the semiconductor company's stock worth $129,000 after purchasing an additional 600 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Integrated Device Technology by 1.7% in the second quarter. 1492 Capital Management LLC now controls 112,874 shares valued at $3,000,000. Renaissance Technologies LLC boosted its stake in Integrated Device Technology by 16.6% in the first quarter. Segall Bryant & Hamill LLC now owns 1,991,825 shares of the semiconductor company's stock valued at $52,943,000 after acquiring an additional 103,602 shares during the last quarter. State Street Corp boosted its stake in Integrated Device Technology by 0.5% in the first quarter. Institutional investors and hedge funds own 97.50% of the company's stock. The stock of Integrated Device Technology Inc (NASDAQ:IDTI) has "Buy" rating given on Tuesday, February 2 by Topeka Capital Markets.
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IDTI has been the topic of several research reports. Legal & General Group Plc lifted its position in Integrated Device Technology by 23.6% during the 1st quarter. Bank of America Corporation downgraded shares of Integrated Device Technology from a "neutral" rating to an "underperform" rating and set a $27.00 price objective for the company.in a research report on Tuesday, August 1st.
On October 31 Needham & Company LLC left the company rating at "Buy" with a current price target of $36.00. Barclays PLC restated an "underweight" rating on shares of Integrated Device Technology in a research report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company's stock. (NASDAQ:IDTI)'s stock had its "buy" rating reiterated by analysts at Brean Capital in a research report issued to clients and investors on Wednesday.
Analysts await Integrated Device Technology Inc (NASDAQ:IDTI) to report earnings on January, 29. (NASDAQ:IDTI) opened at $32.79 on Tuesday. The stock has a market capitalization of $4,420.74, a PE ratio of 30.25, a price-to-earnings-growth ratio of 3.22 and a beta of 1.98. The company has a quick ratio of 4.80, a current ratio of 5.42 and a debt-to-equity ratio of 0.41. Integrated Device Technology, Inc. Lpl Finance Ltd holds 0% of its portfolio in Integrated Device Technology Inc (NASDAQ:IDTI) for 11,129 shares. The institutional investor held 113,113 shares of the technology company at the end of 2017Q2, valued at $2.92M, down from 148,006 at the end of the previous reported quarter. 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 25.64% and a net margin of 21.49%. The company's revenue for the quarter was up 11.1% compared to the same quarter a year ago. They expect $0.32 EPS, up 6.67% or $0.02 from last year's $0.3 per share.
In related news, insider Xianzhi Sean Fan sold 67,041 shares of the business's stock in a transaction dated Monday, November 6th. The total value of its holdings decreased 1.6%. The company had a trading volume of 307,145 shares, compared to its average volume of 1,593,128. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The stock was sold at an average price of $31.72, for a total transaction of $2,126,540.52. Following the sale, the insider now owns 138,993 shares of the company's stock, valued at $4,408,857.96. The disclosure for this sale can be found here.
According to Zacks, "Integrated Device Technology, Inc. develops system-level solutions that optimize its customers' applications". The Firm operates through two divisions: the Communications, and the Computing, Consumer and Industrial. It offers products in radio frequency, timing, wireless power transfer, serial switching, interfaces and sensing solutions.