Mario Montana Sells 20,374 Shares of Integrated Device Technology, Inc. (IDTI) Stock

Integrated Device Technology, Inc. (NASDAQ:IDTI) VP Mario Montana sold 20,374 shares of Integrated Device Technology stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $24.43, for a total transaction of $497,736.82. Following the completion of the sale, the vice president now directly owns 67,443 shares of the company’s stock, valued at $1,647,632.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Mario Montana also recently made the following trade(s):

  • On Friday, May 26th, Mario Montana sold 25,314 shares of Integrated Device Technology stock. The shares were sold at an average price of $25.98, for a total transaction of $657,657.72.
  • On Monday, May 15th, Mario Montana sold 4,305 shares of Integrated Device Technology stock. The shares were sold at an average price of $24.04, for a total transaction of $103,492.20.

Integrated Device Technology, Inc. (NASDAQ IDTI) opened at 23.53 on Friday. The stock’s 50 day moving average is $25.51 and its 200-day moving average is $24.64. Integrated Device Technology, Inc. has a one year low of $19.02 and a one year high of $27.09. The firm has a market capitalization of $3.14 billion, a PE ratio of 30.56 and a beta of 1.97.

Integrated Device Technology (NASDAQ:IDTI) last issued its quarterly earnings results on Monday, July 31st. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.07. The business had revenue of $196.71 million during the quarter, compared to the consensus estimate of $195.10 million. Integrated Device Technology had a return on equity of 20.34% and a net margin of 14.50%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 earnings per share. On average, analysts anticipate that Integrated Device Technology, Inc. will post $1.49 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This report was first reported by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://transcriptdaily.com/2017/08/13/mario-montana-sells-20374-shares-of-integrated-device-technology-inc-idti-stock.html.

IDTI has been the subject of several research analyst reports. Zacks Investment Research raised shares of Integrated Device Technology from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Wednesday, July 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 price target on shares of Integrated Device Technology in a research note on Tuesday, April 18th. BidaskClub downgraded shares of Integrated Device Technology from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 15th. Longbow Research initiated coverage on shares of Integrated Device Technology in a research note on Friday, June 9th. They issued a “buy” rating and a $31.00 price target for the company. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of Integrated Device Technology in a research note on Monday, April 17th. They issued a “neutral” rating and a $24.00 price target for the company. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $27.67.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Israel Discount Bank of New York acquired a new position in shares of Integrated Device Technology during the first quarter valued at about $103,000. TrimTabs Asset Management LLC raised its position 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 valued at $112,000 after buying an additional 2,232 shares during the last quarter. Riverhead Capital Management LLC raised its position in shares of Integrated Device Technology by 77.4% in the second quarter. Riverhead Capital Management LLC now owns 4,790 shares of the semiconductor company’s stock valued at $124,000 after buying an additional 2,090 shares during the last quarter. Elkfork Partners LLC raised its position in shares of Integrated Device Technology by 22.2% in the first quarter. Elkfork Partners LLC now owns 5,324 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 968 shares during the last quarter. Finally, Advisor Group Inc. raised its position 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 buying an additional 600 shares during the last quarter. Institutional investors own 95.15% of the company’s stock.

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.

Leave a Reply