New York State Common Retirement Fund Acquires 3,432 Shares of Integrated Device Technology, Inc. (IDTI)

New York State Common Retirement Fund lifted its holdings in shares of Integrated Device Technology, Inc. (NASDAQ:IDTI) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 178,549 shares of the semiconductor company’s stock after purchasing an additional 3,432 shares during the period. New York State Common Retirement Fund owned 0.13% of Integrated Device Technology worth $4,605,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of IDTI. Vanguard Group Inc. lifted its holdings in Integrated Device Technology by 4.1% in the first quarter. Vanguard Group Inc. now owns 10,548,562 shares of the semiconductor company’s stock valued at $249,684,000 after buying an additional 416,108 shares during the period. FMR LLC lifted its holdings in Integrated Device Technology by 9.5% in the first quarter. FMR LLC now owns 6,121,256 shares of the semiconductor company’s stock valued at $144,890,000 after buying an additional 532,429 shares during the period. Frontier Capital Management Co. LLC lifted its holdings in Integrated Device Technology by 0.4% in the second quarter. Frontier Capital Management Co. LLC now owns 5,096,721 shares of the semiconductor company’s stock valued at $131,444,000 after buying an additional 17,937 shares during the period. State Street Corp lifted its holdings in Integrated Device Technology by 3.1% in the first quarter. State Street Corp now owns 4,720,620 shares of the semiconductor company’s stock valued at $111,736,000 after buying an additional 142,841 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in Integrated Device Technology by 5.1% in the second quarter. Alliancebernstein L.P. now owns 3,252,085 shares of the semiconductor company’s stock valued at $83,871,000 after buying an additional 158,917 shares during the period. Institutional investors own 95.90% of the company’s stock.

In other Integrated Device Technology news, Director S Kenneth Kannappan acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were bought at an average price of $24.32 per share, with a total value of $48,640.00. Following the completion of the acquisition, the director now owns 18,637 shares in the company, valued at approximately $453,251.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mario Montana sold 20,374 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $24.43, for a total transaction of $497,736.82. Following the completion of the transaction, the vice president now directly owns 67,443 shares in the company, valued at approximately $1,647,632.49. The disclosure for this sale can be found here. 1.24% of the stock is currently owned by company insiders.

Several equities analysts recently issued reports on IDTI shares. Zacks Investment Research upgraded shares of Integrated Device Technology from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Wednesday, July 5th. Needham & Company LLC restated a “buy” rating on shares of Integrated Device Technology in a report on Tuesday, August 1st. Loop Capital restated a “buy” rating and issued a $29.00 target price on shares of Integrated Device Technology in a report on Tuesday, August 22nd. KeyCorp restated a “buy” rating and issued a $30.00 target price on shares of Integrated Device Technology in a report on Friday, September 1st. Finally, BidaskClub lowered shares of Integrated Device Technology from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $28.36.

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Shares of Integrated Device Technology, Inc. (NASDAQ:IDTI) opened at 27.89 on Tuesday. Integrated Device Technology, Inc. has a 1-year low of $19.70 and a 1-year high of $28.08. The company has a market capitalization of $3.72 billion, a P/E ratio of 36.22 and a beta of 1.98. The firm has a 50-day moving average of $26.32 and a 200 day moving average of $25.02.

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 analysts’ consensus estimates of $0.32 by ($0.07). Integrated Device Technology had a net margin of 14.50% and a return on equity of 20.34%. The business had revenue of $196.71 million for the quarter, compared to analysts’ expectations of $195.10 million. During the same period last year, the business earned $0.36 earnings per share. The company’s revenue was up 2.4% on a year-over-year basis. On average, equities research analysts expect that Integrated Device Technology, Inc. will post $1.49 earnings per share for the current year.

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

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