Integrated Device Technology, Inc. (NASDAQ:IDTI) VP Mario Montana sold 20,374 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $24.43, for a total transaction of $497,736.82. Following the transaction, the vice president now directly owns 67,443 shares of the company’s stock, valued at $1,647,632.49. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Mario Montana also recently made the following trade(s):

  • On Friday, May 26th, Mario Montana sold 25,314 shares of Integrated Device Technology stock. The stock was sold at an average price of $25.98, for a total transaction of $657,657.72.
  • On Monday, May 15th, Mario Montana sold 4,305 shares of Integrated Device Technology stock. The stock was sold at an average price of $24.04, for a total transaction of $103,492.20.

Shares of Integrated Device Technology, Inc. (NASDAQ:IDTI) traded down 0.17% during trading on Friday, reaching $23.53. 1,494,272 shares of the company traded hands. The company has a 50-day moving average of $25.54 and a 200-day moving average of $24.64. The stock has a market capitalization of $3.14 billion, a PE ratio of 30.56 and a beta of 1.97. Integrated Device Technology, Inc. has a 12 month low of $18.84 and a 12 month high of $27.09.

Integrated Device Technology (NASDAQ:IDTI) last announced its quarterly earnings data on Monday, July 31st. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by $0.07. The firm had revenue of $196.71 million for the quarter, compared to analyst estimates of $195.10 million. Integrated Device Technology had a return on equity of 20.34% and a net margin of 14.50%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.36 earnings per share. Analysts forecast that Integrated Device Technology, Inc. will post $1.49 earnings per share for the current fiscal year.

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A number of equities analysts have recently commented on the stock. Barclays PLC reaffirmed an “underweight” rating on shares of Integrated Device Technology in a report on Friday, July 21st. Zacks Investment Research downgraded shares of Integrated Device Technology from a “buy” rating to a “hold” rating in a report on Friday, July 14th. 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 report on Tuesday, August 1st. Needham & Company LLC reaffirmed a “buy” rating on shares of Integrated Device Technology in a report on Tuesday, August 1st. Finally, Longbow Research assumed coverage on shares of Integrated Device Technology in a report on Friday, June 9th. They set a “buy” rating and a $31.00 price objective for the company. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $27.67.

Large investors have recently made changes to their positions in the company. Creative Planning increased its stake in shares of Integrated Device Technology by 5.3% in the first quarter. Creative Planning now owns 11,901 shares of the semiconductor company’s stock worth $282,000 after buying an additional 596 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Integrated Device Technology by 23.7% in the first quarter. Capstone Asset Management Co. now owns 16,321 shares of the semiconductor company’s stock worth $386,000 after buying an additional 3,126 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Integrated Device Technology by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 33,700 shares of the semiconductor company’s stock worth $798,000 after buying an additional 600 shares during the last quarter. Legato Capital Management LLC increased its stake in shares of Integrated Device Technology by 3,059.0% in the first quarter. Legato Capital Management LLC now owns 57,589 shares of the semiconductor company’s stock worth $2,433,000 after buying an additional 55,766 shares during the last quarter. Finally, First Manhattan Co. increased its stake in shares of Integrated Device Technology by 1.5% in the first quarter. First Manhattan Co. now owns 13,400 shares of the semiconductor company’s stock worth $309,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 95.15% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Integrated Device Technology (NASDAQ:IDTI)

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