Integrated Device Technology Inc (IDTI) Shares Bought by Century Capital Management LLC

Century Capital Management LLC raised its position in shares of Integrated Device Technology Inc (NASDAQ:IDTI) by 8.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 285,166 shares of the semiconductor company’s stock after buying an additional 22,562 shares during the period. Integrated Device Technology accounts for about 1.1% of Century Capital Management LLC’s investment portfolio, making the stock its 21st largest position. Century Capital Management LLC owned about 0.21% of Integrated Device Technology worth $6,750,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. TrimTabs Asset Management LLC increased its stake in shares of Integrated Device Technology by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 4,745 shares of the semiconductor company’s stock worth $112,000 after buying an additional 2,232 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Integrated Device Technology by 36.2% in the first quarter. Mutual of America Capital Management LLC now owns 200,372 shares of the semiconductor company’s stock worth $4,743,000 after buying an additional 53,294 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Integrated Device Technology by 97.6% in the first quarter. Parametric Portfolio Associates LLC now owns 351,583 shares of the semiconductor company’s stock worth $8,322,000 after buying an additional 173,644 shares during the last quarter. Scout Investments Inc. acquired a new stake in shares of Integrated Device Technology during the first quarter worth approximately $11,886,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Integrated Device Technology during the first quarter worth approximately $478,000. 93.63% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Integrated Device Technology (NASDAQ:IDTI)

Shares of Integrated Device Technology Inc (NASDAQ:IDTI) traded up 3.00% during midday trading on Friday, hitting $23.70. The company had a trading volume of 1,627,817 shares. The stock has a 50 day moving average price of $23.61 and a 200 day moving average price of $24.15. The firm has a market capitalization of $3.16 billion, a P/E ratio of 29.66 and a beta of 2.11. Integrated Device Technology Inc has a 1-year low of $18.49 and a 1-year high of $26.66.

Integrated Device Technology (NASDAQ:IDTI) last issued its earnings results on Monday, May 1st. The semiconductor company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. The company had revenue of $175.70 million during the quarter, compared to the consensus estimate of $175.05 million. Integrated Device Technology had a net margin of 21.82% and a return on equity of 23.43%. Integrated Device Technology’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 EPS. On average, equities analysts anticipate that Integrated Device Technology Inc will post $1.50 EPS for the current fiscal year.

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A number of brokerages recently commented on IDTI. Zacks Investment Research raised Integrated Device Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 price target on shares of Integrated Device Technology in a research report on Tuesday, April 18th. Goldman Sachs Group Inc initiated coverage on Integrated Device Technology in a report on Monday, April 17th. They set a “neutral” rating and a $24.00 price objective for the company. Bank of America Corp lowered Integrated Device Technology from a “buy” rating to a “neutral” rating in a report on Thursday, February 16th. Finally, Loop Capital reissued a “buy” rating and set a $27.00 price objective on shares of Integrated Device Technology in a report on Tuesday, January 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Integrated Device Technology presently has an average rating of “Buy” and an average price target of $26.13.

In other Integrated Device Technology news, SVP Sailesh Chittipeddi sold 2,834 shares of the stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $23.21, for a total transaction of $65,777.14. Following the completion of the transaction, the senior vice president now owns 172,633 shares of the company’s stock, valued at approximately $4,006,811.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory L. Waters sold 19,762 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $24.04, for a total transaction of $475,078.48. The disclosure for this sale can be found here. Insiders sold a total of 140,868 shares of company stock valued at $3,421,783 in the last ninety days. 1.38% of the stock is currently owned by insiders.

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.

12 Month Chart for NASDAQ:IDTI

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