Insider Selling: Integrated Device Technology Inc (IDTI) SVP Sells 15,583 Shares of Stock

Integrated Device Technology Inc (NASDAQ:IDTI) SVP Brian C. White sold 15,583 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $33.00, for a total transaction of $514,239.00. Following the completion of the sale, the senior vice president now owns 123,558 shares of the company’s stock, valued at approximately $4,077,414. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Integrated Device Technology Inc (NASDAQ:IDTI) traded up $0.31 during mid-day trading on Monday, reaching $33.89. The company’s stock had a trading volume of 1,433,612 shares, compared to its average volume of 1,299,600. The company has a market cap of $4,490.00, a PE ratio of 47.07, a PEG ratio of 3.24 and a beta of 1.97. The company has a debt-to-equity ratio of 0.62, a quick ratio of 4.80 and a current ratio of 5.42. Integrated Device Technology Inc has a 52-week low of $22.70 and a 52-week high of $34.13.

Integrated Device Technology (NASDAQ:IDTI) last released its earnings results on Monday, October 30th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. The firm 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 19.65% and a net margin of 13.32%. The company’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. equities analysts expect that Integrated Device Technology Inc will post 1.15 earnings per share for the current year.

A number of analysts recently commented on IDTI shares. Zacks Investment Research cut shares of Integrated Device Technology from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Barclays increased their target price on Integrated Device Technology from $22.00 to $24.00 and gave the stock an “underweight” rating in a report on Wednesday, October 18th. KeyCorp reiterated a “buy” rating and set a $30.00 target price on shares of Integrated Device Technology in a report on Tuesday, October 17th. Roth Capital increased their target price on Integrated Device Technology from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, Dougherty & Co increased their target price on Integrated Device Technology from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. Integrated Device Technology currently has a consensus rating of “Buy” and an average price target of $32.62.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Advisor Group Inc. grew its holdings in shares of Integrated Device Technology by 13.7% in the 2nd quarter. Advisor Group Inc. now owns 4,964 shares of the semiconductor company’s stock valued at $129,000 after acquiring an additional 600 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Integrated Device Technology by 15.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,935 shares of the semiconductor company’s stock valued at $127,000 after acquiring an additional 670 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Integrated Device Technology by 4.0% in the 2nd quarter. Amalgamated Bank now owns 19,258 shares of the semiconductor company’s stock valued at $497,000 after acquiring an additional 749 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Integrated Device Technology by 0.9% in the 2nd quarter. Prudential Financial Inc. now owns 89,897 shares of the semiconductor company’s stock valued at $2,318,000 after acquiring an additional 784 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of Integrated Device Technology by 16.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 10,516 shares of the semiconductor company’s stock valued at $271,000 after acquiring an additional 1,461 shares in the last quarter. Institutional investors own 96.22% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was copied illegally and reposted in violation of international trademark & copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2018/01/22/insider-selling-integrated-device-technology-inc-idti-svp-sells-15583-shares-of-stock.html.

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

Leave a Reply