Integrated Device Technology Inc (NASDAQ:IDTI) SVP Brian C. White sold 8,417 shares of Integrated Device Technology stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $32.50, for a total value of $273,552.50. Following the sale, the senior vice president now directly owns 108,737 shares in the company, valued at $3,533,952.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Integrated Device Technology Inc (NASDAQ IDTI) opened at $32.32 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 4.80 and a current ratio of 5.42. The firm has a market capitalization of $4,310.00, a P/E ratio of 44.89, a price-to-earnings-growth ratio of 3.09 and a beta of 1.97. Integrated Device Technology Inc has a 1-year low of $22.70 and a 1-year high of $33.92.
Integrated Device Technology (NASDAQ:IDTI) last released its quarterly earnings data on Monday, October 30th. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $204.40 million for the quarter, compared to the consensus estimate of $200.99 million. Integrated Device Technology had a return on equity of 19.65% and a net margin of 13.32%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.34 earnings per share. equities research analysts predict that Integrated Device Technology Inc will post 1.15 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on the company. Dougherty & Co lifted their target price on Integrated Device Technology from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Barclays lifted their target price on Integrated Device Technology from $22.00 to $24.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 18th. Roth Capital lifted their target price on Integrated Device Technology from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. KeyCorp reissued a “buy” rating and set a $33.00 target price on shares of Integrated Device Technology in a research report on Wednesday, November 1st. Finally, Loop Capital lifted their target price on Integrated Device Technology from $29.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $32.23.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Copper Rock Capital Partners LLC boosted its holdings in Integrated Device Technology by 3.6% during the fourth quarter. Copper Rock Capital Partners LLC now owns 1,052,138 shares of the semiconductor company’s stock valued at $31,722,000 after purchasing an additional 36,514 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Integrated Device Technology by 4.1% during the third quarter. California Public Employees Retirement System now owns 343,063 shares of the semiconductor company’s stock valued at $9,119,000 after purchasing an additional 13,563 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Integrated Device Technology during the third quarter valued at approximately $601,000. Segall Bryant & Hamill LLC boosted its holdings in Integrated Device Technology by 5.5% during the third quarter. Segall Bryant & Hamill LLC now owns 1,991,825 shares of the semiconductor company’s stock valued at $52,943,000 after purchasing an additional 103,602 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Integrated Device Technology by 53.4% during the third quarter. Envestnet Asset Management Inc. now owns 27,327 shares of the semiconductor company’s stock valued at $725,000 after purchasing an additional 9,515 shares in the last quarter. 96.22% of the stock is currently owned by institutional investors.
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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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