Integrated Device Technology, Inc. (NASDAQ:IDTI) Director Gordon W. Parnell sold 6,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $32.45, for a total value of $194,700.00. Following the sale, the director now owns 82,602 shares in the company, valued at $2,680,434.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Integrated Device Technology, Inc. (NASDAQ:IDTI) traded down $0.42 during trading hours on Wednesday, hitting $32.51. The stock had a trading volume of 565,584 shares, compared to its average volume of 1,584,932. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.42 and a quick ratio of 4.80. Integrated Device Technology, Inc. has a one year low of $21.80 and a one year high of $33.92. The firm has a market capitalization of $4,340.00, a price-to-earnings ratio of 29.57, a price-to-earnings-growth ratio of 3.14 and a beta of 1.98.

Integrated Device Technology (NASDAQ:IDTI) last issued its 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. Integrated Device Technology had a return on equity of 19.65% and a net margin of 13.32%. The company had revenue of $204.40 million for the quarter, compared to analyst estimates of $200.99 million. During the same period in the prior year, the firm earned $0.34 earnings per share. Integrated Device Technology’s revenue for the quarter was up 11.1% on a year-over-year basis. research analysts anticipate that Integrated Device Technology, Inc. will post 1.15 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This story was first published by American Banking News and is owned by of American Banking News. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://www.americanbankingnews.com/2017/11/22/insider-selling-integrated-device-technology-inc-idti-director-sells-6000-shares-of-stock.html.

Several large investors have recently modified their holdings of IDTI. Riverhead Capital Management LLC raised its position in shares of Integrated Device Technology by 77.4% during the second quarter. Riverhead Capital Management LLC now owns 4,790 shares of the semiconductor company’s stock worth $124,000 after purchasing an additional 2,090 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Integrated Device Technology by 15.7% during the second quarter. Public Employees Retirement System of Ohio now owns 4,935 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 670 shares during the period. Advisor Group Inc. raised its position in shares of Integrated Device Technology by 13.7% during the second quarter. Advisor Group Inc. now owns 4,964 shares of the semiconductor company’s stock worth $129,000 after purchasing an additional 600 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Integrated Device Technology by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,182 shares of the semiconductor company’s stock worth $134,000 after purchasing an additional 525 shares during the period. Finally, Fortaleza Asset Management Inc. acquired a new position in shares of Integrated Device Technology during the second quarter worth approximately $152,000. 98.46% of the stock is currently owned by institutional investors.

Several brokerages recently commented on IDTI. Zacks Investment Research cut Integrated Device Technology from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Barclays PLC upped their target price on Integrated Device Technology from $22.00 to $24.00 and gave the company an “underweight” rating in a report on Wednesday, October 18th. KeyCorp reiterated a “buy” rating and issued a $30.00 target price on shares of Integrated Device Technology in a report on Friday, September 1st. Loop Capital reiterated a “buy” rating and issued a $29.00 target price on shares of Integrated Device Technology in a report on Tuesday, August 22nd. Finally, Roth Capital upped their target price on Integrated Device Technology from $35.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $32.23.

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)

Receive News & Ratings for Integrated Device Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Integrated Device Technology Inc. and related companies with MarketBeat.com's FREE daily email newsletter.