Integrated Device Technology, Inc. (NASDAQ:IDTI) was the target of some unusual options trading on Tuesday. Stock traders purchased 1,025 put options on the company. This represents an increase of approximately 957% compared to the average daily volume of 97 put options.

In other Integrated Device Technology news, VP Matthew D. Brandalise sold 8,600 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $24.36, for a total transaction of $209,496.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mario Montana sold 4,305 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $24.04, for a total value of $103,492.20. The disclosure for this sale can be found here. Insiders have sold a total of 291,850 shares of company stock valued at $7,155,023 in the last 90 days. Insiders own 1.38% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in IDTI. Vanguard Group Inc. increased its stake in Integrated Device Technology by 4.1% in the first quarter. Vanguard Group Inc. now owns 10,548,562 shares of the semiconductor company’s stock valued at $249,684,000 after buying an additional 416,108 shares in the last quarter. FMR LLC boosted its position in shares of Integrated Device Technology by 9.5% in the first quarter. FMR LLC now owns 6,121,256 shares of the semiconductor company’s stock valued at $144,890,000 after buying an additional 532,429 shares during the last quarter. Frontier Capital Management Co. LLC boosted its position in shares of Integrated Device Technology by 12.7% in the first quarter. Frontier Capital Management Co. LLC now owns 5,078,784 shares of the semiconductor company’s stock valued at $120,215,000 after buying an additional 572,713 shares during the last quarter. State Street Corp boosted its position in shares of Integrated Device Technology by 3.1% in the first quarter. State Street Corp now owns 4,720,620 shares of the semiconductor company’s stock valued at $111,736,000 after buying an additional 142,841 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Integrated Device Technology by 28.8% in the first quarter. Alliancebernstein L.P. now owns 3,093,168 shares of the semiconductor company’s stock valued at $73,215,000 after buying an additional 692,356 shares during the last quarter. 94.55% of the stock is currently owned by hedge funds and other institutional investors.

Integrated Device Technology (IDTI) opened at 25.08 on Friday. The stock has a market cap of $3.34 billion, a P/E ratio of 31.39 and a beta of 1.98. Integrated Device Technology has a 52 week low of $18.49 and a 52 week high of $26.66. The firm has a 50-day moving average price of $24.87 and a 200-day moving average price of $24.43.

Integrated Device Technology (NASDAQ:IDTI) last released its quarterly earnings results on Monday, May 1st. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Integrated Device Technology had a return on equity of 21.80% and a net margin of 15.17%. The firm had revenue of $175.70 million for the quarter, compared to the consensus estimate of $175.05 million. During the same quarter last year, the business posted $0.36 EPS. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. On average, equities research analysts predict that Integrated Device Technology will post $1.50 EPS for the current year.

A number of research analysts have issued reports on the company. Longbow Research started coverage on Integrated Device Technology in a research report on Friday, June 9th. They set a “buy” rating and a $31.00 price target for the company. Zacks Investment Research raised Integrated Device Technology from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Wednesday. Pacific Crest reaffirmed an “overweight” rating and set a $30.00 target price on shares of Integrated Device Technology in a research report on Wednesday, June 21st. BidaskClub lowered Integrated Device Technology from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 15th. Finally, Needham & Company LLC boosted their target price on Integrated Device Technology from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. Integrated Device Technology has an average rating of “Buy” and a consensus price target of $27.38.

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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.

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