Integrated Device Technology Inc (NASDAQ:IDTI) VP Mario Montana sold 22,000 shares of the stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $32.06, for a total value of $705,320.00. Following the completion of the sale, the vice president now owns 74,705 shares of the company’s stock, valued at approximately $2,395,042.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Integrated Device Technology Inc (IDTI) traded up $0.04 during trading hours on Monday, reaching $32.84. The company’s stock had a trading volume of 972,611 shares, compared to its average volume of 1,470,815. The stock has a market capitalization of $4,350.00, a PE ratio of 44.99, a price-to-earnings-growth ratio of 3.19 and a beta of 1.87. Integrated Device Technology Inc has a 1-year low of $22.70 and a 1-year high of $34.13. The company has a quick ratio of 5.01, a current ratio of 5.62 and a debt-to-equity ratio of 0.69.
Integrated Device Technology (NASDAQ:IDTI) last announced its quarterly earnings data on Monday, January 29th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.01. The business had revenue of $217.10 million during the quarter, compared to analysts’ expectations of $215.32 million. Integrated Device Technology had a positive return on equity of 20.26% and a negative net margin of 0.33%. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 earnings per share. sell-side analysts predict that Integrated Device Technology Inc will post 1.15 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio raised its stake in 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 valued at $127,000 after buying an additional 670 shares during the last quarter. Thompson Davis & CO. Inc. raised its stake in Integrated Device Technology by 285.7% during the fourth quarter. Thompson Davis & CO. Inc. now owns 6,750 shares of the semiconductor company’s stock valued at $201,000 after buying an additional 5,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Integrated Device Technology by 47.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,623 shares of the semiconductor company’s stock valued at $227,000 after buying an additional 2,441 shares during the last quarter. Harbour Capital Advisors LLC purchased a new position in Integrated Device Technology during the third quarter valued at $239,000. Finally, ClariVest Asset Management LLC purchased a new position in Integrated Device Technology during the third quarter valued at $263,000. Institutional investors and hedge funds own 97.16% 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.
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