Investment Counselors of Maryland LLC Sells 28,100 Shares of Integrated Device Technology, Inc. (IDTI)

Investment Counselors of Maryland LLC lessened its holdings in shares of Integrated Device Technology, Inc. (NASDAQ:IDTI) by 4.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 546,199 shares of the semiconductor company’s stock after selling 28,100 shares during the quarter. Investment Counselors of Maryland LLC owned approximately 409,291.12% of Integrated Device Technology worth $14,518,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Greenwood Capital Associates LLC boosted its stake in Integrated Device Technology by 1.3% during the 2nd quarter. Greenwood Capital Associates LLC now owns 18,604 shares of the semiconductor company’s stock worth $480,000 after purchasing an additional 234 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Integrated Device Technology by 5.1% during the 2nd quarter. Alliancebernstein L.P. now owns 3,252,085 shares of the semiconductor company’s stock valued at $83,871,000 after acquiring an additional 158,917 shares during the last quarter. Northern Trust Corp boosted its position in shares of Integrated Device Technology by 1.7% during the 2nd quarter. Northern Trust Corp now owns 2,259,492 shares of the semiconductor company’s stock valued at $58,272,000 after acquiring an additional 37,579 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Integrated Device Technology by 23.6% during the 1st quarter. Legal & General Group Plc now owns 85,591 shares of the semiconductor company’s stock valued at $2,026,000 after acquiring an additional 16,315 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Integrated Device Technology by 2.8% during the 2nd quarter. State Street Corp now owns 4,850,496 shares of the semiconductor company’s stock valued at $125,094,000 after acquiring an additional 129,876 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors.

In other Integrated Device Technology news, VP Chris Allexandre sold 1,028 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $32.23, for a total transaction of $33,132.44. Following the sale, the vice president now directly owns 49,936 shares in the company, valued at $1,609,437.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Xianzhi Sean Fan sold 67,041 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $31.72, for a total transaction of $2,126,540.52. Following the sale, the insider now owns 138,993 shares in the company, valued at $4,408,857.96. The disclosure for this sale can be found here. 1.24% of the stock is owned by corporate insiders.

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Integrated Device Technology, Inc. (NASDAQ:IDTI) traded down $0.57 during midday trading on Thursday, reaching $33.02. 139,523 shares of the company’s stock were exchanged, compared to its average volume of 1,706,614. Integrated Device Technology, Inc. has a 52 week low of $21.80 and a 52 week high of $33.33. The company has a debt-to-equity ratio of 0.62, a current ratio of 5.42 and a quick ratio of 4.80. The firm has a market capitalization of $4,439.72, a PE ratio of 30.25, a P/E/G ratio of 3.21 and a beta of 1.98.

Integrated Device Technology (NASDAQ:IDTI) last posted its earnings results on Monday, October 30th. The semiconductor company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. The company had revenue of $204.40 million for the quarter, compared to analysts’ expectations of $200.99 million. Integrated Device Technology had a net margin of 13.32% and a return on equity of 19.65%. Integrated Device Technology’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.34 earnings per share. equities research analysts anticipate that Integrated Device Technology, Inc. will post 1.15 EPS for the current fiscal year.

Several research analysts have recently weighed in on IDTI shares. KeyCorp reissued a “buy” rating and set a $30.00 price target on shares of Integrated Device Technology in a research report on Friday, September 1st. Craig Hallum boosted their price target on shares of Integrated Device Technology from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research raised shares of Integrated Device Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Loop Capital reissued a “buy” rating and set a $29.00 price target on shares of Integrated Device Technology in a research report on Tuesday, August 22nd. Finally, Bank of America Corporation boosted their price target on shares of Integrated Device Technology from $27.00 to $30.00 and gave the company an “underperform” rating in a research report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $32.23.

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.

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

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