Integrated Device Technology Inc (IDTI) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group lowered its position in shares of Integrated Device Technology Inc (NASDAQ:IDTI) by 4.5% in the 2nd quarter, Holdings Channel reports. The firm owned 2,611,537 shares of the semiconductor company’s stock after selling 121,666 shares during the quarter. Schroder Investment Management Group’s holdings in Integrated Device Technology were worth $82,995,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Parnassus Investments CA bought a new stake in shares of Integrated Device Technology in the 2nd quarter valued at about $36,021,000. Victory Capital Management Inc. lifted its stake in shares of Integrated Device Technology by 1,258.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,117,920 shares of the semiconductor company’s stock valued at $35,640,000 after acquiring an additional 1,035,630 shares during the last quarter. Summit Trail Advisors LLC lifted its stake in shares of Integrated Device Technology by 2,625.6% in the 1st quarter. Summit Trail Advisors LLC now owns 918,017 shares of the semiconductor company’s stock valued at $918,000 after acquiring an additional 884,336 shares during the last quarter. WINTON GROUP Ltd lifted its stake in shares of Integrated Device Technology by 571.3% in the 2nd quarter. WINTON GROUP Ltd now owns 595,435 shares of the semiconductor company’s stock valued at $18,982,000 after acquiring an additional 506,730 shares during the last quarter. Finally, Oak Ridge Investments LLC bought a new stake in shares of Integrated Device Technology in the 2nd quarter valued at about $11,629,000. 97.62% of the stock is owned by hedge funds and other institutional investors.

In other Integrated Device Technology news, VP David Shepard sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $42.65, for a total transaction of $127,950.00. Following the transaction, the vice president now owns 75,569 shares in the company, valued at approximately $3,223,017.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Sailesh Chittipeddi sold 33,300 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $47.01, for a total value of $1,565,433.00. Following the transaction, the senior vice president now owns 193,095 shares in the company, valued at approximately $9,077,395.95. The disclosure for this sale can be found here. Insiders have sold a total of 91,300 shares of company stock valued at $3,761,263 in the last ninety days. 1.23% of the stock is currently owned by corporate insiders.

IDTI opened at $47.17 on Monday. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 37.14, a price-to-earnings-growth ratio of 3.21 and a beta of 1.88. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.66 and a quick ratio of 4.98. Integrated Device Technology Inc has a one year low of $26.69 and a one year high of $47.45.

Integrated Device Technology (NASDAQ:IDTI) last released its quarterly earnings results on Monday, July 30th. The semiconductor company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $228.52 million during the quarter, compared to analyst estimates of $226.91 million. Integrated Device Technology had a return on equity of 26.05% and a net margin of 0.21%. Integrated Device Technology’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 EPS. Equities research analysts forecast that Integrated Device Technology Inc will post 1.46 EPS for the current fiscal year.

A number of research firms have recently weighed in on IDTI. ValuEngine raised Integrated Device Technology from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 19th. Dougherty & Co lowered Integrated Device Technology from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 12th. Barclays reissued a “hold” rating and issued a $49.00 target price on shares of Integrated Device Technology in a research note on Wednesday, September 12th. Piper Jaffray Companies lowered Integrated Device Technology from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $51.00 to $49.00 in a research report on Tuesday, September 11th. Finally, Roth Capital lowered Integrated Device Technology from a “buy” rating to a “neutral” rating and upped their price target for the company from $40.00 to $49.00 in a research report on Tuesday, September 11th. Eight equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $41.54.

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 industrial end-markets. It operates in two segments, Communications; and Computing, Consumer and Industrial. The Communications segment offers clocks and timing solutions; radio frequency products; flow-control management products, including multi-port products; telecommunication interface products; static random access memory products; first in and first out memories; digital logic products; optical interconnect and frequency control solutions; and Serial RapidIO switching solutions.

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

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