Xianzhi Sean Fan Sells 2,650 Shares of Integrated Device Technology (IDTI) Stock

Integrated Device Technology (NASDAQ:IDTI) insider Xianzhi Sean Fan sold 2,650 shares of the company’s stock in a transaction on Friday, June 15th. The shares were sold at an average price of $34.59, for a total value of $91,663.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NASDAQ IDTI traded down $0.07 during trading on Thursday, reaching $34.46. 1,500 shares of the stock traded hands, compared to its average volume of 1,421,128. Integrated Device Technology has a 52-week low of $23.07 and a 52-week high of $35.40. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.83 and a quick ratio of 4.23. The stock has a market capitalization of $4.45 billion, a PE ratio of 27.16, a P/E/G ratio of 2.22 and a beta of 1.86.

Integrated Device Technology (NASDAQ:IDTI) last issued its quarterly earnings results on Monday, April 30th. The semiconductor company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. Integrated Device Technology had a positive return on equity of 23.10% and a negative net margin of 1.44%. The firm had revenue of $224.60 million for the quarter, compared to analysts’ expectations of $222.20 million. During the same quarter in the prior year, the firm earned $0.35 EPS. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. equities analysts expect that Integrated Device Technology will post 1.43 EPS for the current fiscal year.

A number of research analysts have issued reports on IDTI shares. Piper Jaffray Companies started coverage on Integrated Device Technology in a research note on Monday, February 26th. They issued an “overweight” rating and a $33.00 price objective for the company. BidaskClub upgraded Integrated Device Technology from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. ValuEngine upgraded Integrated Device Technology from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded Integrated Device Technology from a “sell” rating to a “hold” rating in a research note on Friday, March 2nd. Finally, Bank of America upgraded Integrated Device Technology from an “underperform” rating to a “neutral” rating and set a $30.00 price objective for the company in a research note on Tuesday, May 1st. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $35.36.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Guggenheim Capital LLC lifted its holdings in Integrated Device Technology by 0.5% during the 1st quarter. Guggenheim Capital LLC now owns 342,585 shares of the semiconductor company’s stock worth $10,472,000 after purchasing an additional 1,721 shares in the last quarter. Natixis Advisors L.P. lifted its holdings in Integrated Device Technology by 1.1% during the 1st quarter. Natixis Advisors L.P. now owns 179,405 shares of the semiconductor company’s stock worth $5,483,000 after purchasing an additional 2,031 shares in the last quarter. Teachers Advisors LLC lifted its holdings in Integrated Device Technology by 0.6% during the 4th quarter. Teachers Advisors LLC now owns 374,169 shares of the semiconductor company’s stock worth $11,124,000 after purchasing an additional 2,196 shares in the last quarter. Meadow Creek Investment Management LLC lifted its holdings in Integrated Device Technology by 17.1% during the 4th quarter. Meadow Creek Investment Management LLC now owns 15,904 shares of the semiconductor company’s stock worth $473,000 after purchasing an additional 2,324 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Integrated Device Technology by 47.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,623 shares of the semiconductor company’s stock worth $227,000 after purchasing an additional 2,441 shares in the last quarter. 98.97% of the stock is currently owned by institutional investors and hedge funds.

About Integrated Device Technology

Integrated Device Technology, Inc designs, develops, manufactures, and markets a range of semiconductor solutions for the communications, computing, consumer, automotive, industrial, and Internet-of-things end-markets. It operates in two segments, Communications; and Computing, Consumer, and Industrial.

Insider Buying and Selling by Quarter for Integrated Device Technology (NASDAQ:IDTI)

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