9,900 Shares in Integrated Device Technology, Inc. (IDTI) Acquired by ClariVest Asset Management LLC

ClariVest Asset Management LLC acquired a new stake in Integrated Device Technology, Inc. (NASDAQ:IDTI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,900 shares of the semiconductor company’s stock, valued at approximately $263,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Integrated Device Technology by 0.6% in the second quarter. Vanguard Group Inc. now owns 10,614,638 shares of the semiconductor company’s stock valued at $273,751,000 after acquiring an additional 66,076 shares in the last quarter. FMR LLC boosted its stake in Integrated Device Technology by 63.4% in the second quarter. FMR LLC now owns 9,999,837 shares of the semiconductor company’s stock valued at $257,896,000 after acquiring an additional 3,878,581 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in Integrated Device Technology by 1.3% in the third quarter. Frontier Capital Management Co. LLC now owns 5,163,723 shares of the semiconductor company’s stock valued at $137,252,000 after acquiring an additional 67,002 shares in the last quarter. State Street Corp boosted its stake in Integrated Device Technology by 2.8% in the second 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 in the last quarter. Finally, Alliancebernstein L.P. boosted its stake 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 acquiring an additional 158,917 shares in the last quarter. Institutional investors own 98.46% of the company’s stock.

In related news, VP Chris Allexandre sold 1,028 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $32.23, for a total value of $33,132.44. Following the completion of the sale, the vice president now owns 49,936 shares in the company, valued at $1,609,437.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Xianzhi Sean Fan sold 67,041 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $31.72, for a total transaction of $2,126,540.52. Following the completion of the sale, the insider now owns 138,993 shares of the company’s stock, valued at approximately $4,408,857.96. The disclosure for this sale can be found here. Insiders have sold 74,069 shares of company stock valued at $2,354,373 in the last quarter. Insiders own 1.24% of the company’s stock.

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Several equities analysts have issued reports on the stock. ValuEngine upgraded shares of Integrated Device Technology from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Roth Capital upped their price objective on shares of Integrated Device Technology from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. KeyCorp restated a “buy” rating and issued a $33.00 price objective on shares of Integrated Device Technology in a research note on Wednesday, November 1st. Zacks Investment Research downgraded shares of Integrated Device Technology from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, Barclays PLC upped their price objective on shares of Integrated Device Technology from $24.00 to $28.00 and gave the company an “underweight” rating in a research note on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. Integrated Device Technology currently has a consensus rating of “Buy” and an average target price of $32.23.

Shares of Integrated Device Technology, Inc. (NASDAQ IDTI) opened at $32.51 on Thursday. Integrated Device Technology, Inc. has a 12 month low of $21.80 and a 12 month high of $33.92. The firm has a market cap of $4,280.00, a PE ratio of 29.94, a PEG ratio of 3.18 and a beta of 1.98. The company has a current ratio of 5.42, a quick ratio of 4.80 and a debt-to-equity ratio of 0.41.

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

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.

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

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