16,971 Shares in Integrated Device Technology, Inc. (NASDAQ:IDTI) Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. purchased a new stake in shares of Integrated Device Technology, Inc. (NASDAQ:IDTI) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 16,971 shares of the semiconductor company’s stock, valued at approximately $451,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IDTI. OppenheimerFunds Inc. purchased a new stake in shares of Integrated Device Technology during the 1st quarter valued at about $242,000. Teachers Advisors LLC increased its position in shares of Integrated Device Technology by 0.7% during the 1st quarter. Teachers Advisors LLC now owns 257,460 shares of the semiconductor company’s stock valued at $6,094,000 after purchasing an additional 1,775 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of Integrated Device Technology by 0.6% during the 2nd quarter. Capstone Asset Management Co. now owns 16,421 shares of the semiconductor company’s stock valued at $423,000 after purchasing an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Integrated Device Technology by 4.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 48,854 shares of the semiconductor company’s stock valued at $1,260,000 after purchasing an additional 2,065 shares during the last quarter. Finally, LS Investment Advisors LLC increased its position in shares of Integrated Device Technology by 14.9% during the 2nd quarter. LS Investment Advisors LLC now owns 12,265 shares of the semiconductor company’s stock valued at $316,000 after purchasing an additional 1,588 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

Integrated Device Technology, Inc. (NASDAQ IDTI) traded up $0.24 during mid-day trading on Thursday, reaching $29.80. The company’s stock had a trading volume of 988,516 shares, compared to its average volume of 1,579,901. Integrated Device Technology, Inc. has a 1-year low of $22.70 and a 1-year high of $33.92. The company has a quick ratio of 4.80, a current ratio of 5.42 and a debt-to-equity ratio of 0.41. The company has a market cap of $3,926.60, a P/E ratio of 26.87, a price-to-earnings-growth ratio of 2.86 and a beta of 1.96.

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

Several equities research analysts have recently commented on IDTI shares. Loop Capital reissued a “buy” rating and issued a $29.00 target price on shares of Integrated Device Technology in a report on Tuesday, August 22nd. Zacks Investment Research raised shares of Integrated Device Technology from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. KeyCorp reissued a “buy” rating and issued a $30.00 target price on shares of Integrated Device Technology in a report on Friday, September 1st. Barclays increased their target price on shares of Integrated Device Technology from $22.00 to $24.00 and gave the stock an “underweight” rating in a report on Wednesday, October 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $36.00 target price on shares of Integrated Device Technology in a report on Tuesday, October 31st. Two equities research 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. Integrated Device Technology currently has a consensus rating of “Buy” and an average target price of $32.23.

In other news, insider Xianzhi Sean Fan sold 67,041 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 138,993 shares in the company, valued at approximately $4,408,857.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gordon W. Parnell sold 6,000 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $32.45, for a total value of $194,700.00. Following the transaction, the director now owns 82,602 shares of the company’s stock, valued at $2,680,434.90. The disclosure for this sale can be found here. Insiders sold a total of 74,069 shares of company stock valued at $2,354,373 over the last 90 days. 1.24% of the stock is currently owned by corporate insiders.

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Integrated Device Technology 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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