Gregory L. Waters Sells 10,000 Shares of Integrated Device Technology Inc (IDTI) Stock

Integrated Device Technology Inc (NASDAQ:IDTI) CEO Gregory L. Waters sold 10,000 shares of Integrated Device Technology stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $28.33, for a total transaction of $283,300.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

Integrated Device Technology Inc (NASDAQ:IDTI) traded down $1.55 during midday trading on Thursday, reaching $26.96. 2,126,798 shares of the company’s stock were exchanged, compared to its average volume of 1,550,000. The company has a current ratio of 5.62, a quick ratio of 5.01 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $3,600.00, a price-to-earnings ratio of -898.67, a PEG ratio of 2.81 and a beta of 1.96. Integrated Device Technology Inc has a one year low of $22.70 and a one year high of $34.13.

Integrated Device Technology (NASDAQ:IDTI) last posted its quarterly earnings data on Monday, January 29th. The semiconductor company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The company had revenue of $217.10 million for the quarter, compared to analyst estimates of $215.32 million. Integrated Device Technology had a negative net margin of 0.33% and a positive return on equity of 20.26%. Integrated Device Technology’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 earnings per share. research analysts anticipate that Integrated Device Technology Inc will post 1.15 EPS for the current year.

Several equities research analysts recently commented on IDTI shares. Barclays lifted their price target on shares of Integrated Device Technology from $22.00 to $24.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 18th. ValuEngine upgraded shares of Integrated Device Technology from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Zacks Investment Research upgraded shares of Integrated Device Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Craig Hallum lifted their price target on shares of Integrated Device Technology from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Finally, Summit Redstone upgraded shares of Integrated Device Technology from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $33.38.

A number of hedge funds and other institutional investors have recently bought and sold shares of IDTI. Public Employees Retirement System of Ohio increased its stake in Integrated Device Technology by 15.7% in the second quarter. Public Employees Retirement System of Ohio now owns 4,935 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 670 shares during the period. Advisor Group Inc. boosted its holdings in shares of Integrated Device Technology by 13.7% in the second 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. Thompson Davis & CO. Inc. boosted its holdings in shares of Integrated Device Technology by 285.7% in the fourth quarter. Thompson Davis & CO. Inc. now owns 6,750 shares of the semiconductor company’s stock valued at $201,000 after acquiring an additional 5,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Integrated Device Technology by 47.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,623 shares of the semiconductor company’s stock valued at $227,000 after acquiring an additional 2,441 shares in the last quarter. Finally, Fortaleza Asset Management Inc. boosted its holdings in shares of Integrated Device Technology by 50.7% in the third quarter. Fortaleza Asset Management Inc. now owns 8,905 shares of the semiconductor company’s stock valued at $237,000 after acquiring an additional 2,995 shares in the last quarter. Institutional investors own 96.22% of the company’s stock.

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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.

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

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