Integrated Device Technology Inc. (NASDAQ:IDTI) Director Norman P. Taffe sold 7,000 shares of the company’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $24.35, for a total transaction of $170,450.00. Following the transaction, the director now owns 30,957 shares of the company’s stock, valued at approximately $753,802.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Integrated Device Technology Inc. (NASDAQ:IDTI) opened at 24.88 on Friday. The firm’s 50-day moving average is $21.99 and its 200 day moving average is $21.27. Integrated Device Technology Inc. has a one year low of $16.22 and a one year high of $29.04. The company has a market capitalization of $3.33 billion, a PE ratio of 21.88 and a beta of 2.15.

Integrated Device Technology (NASDAQ:IDTI) last announced its earnings results on Monday, October 31st. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. Integrated Device Technology had a net margin of 21.49% and a return on equity of 25.09%. The company had revenue of $184.10 million for the quarter, compared to analysts’ expectations of $183.99 million. During the same quarter in the previous year, the company posted $0.35 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts expect that Integrated Device Technology Inc. will post $1.40 EPS for the current fiscal year.

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

Several equities analysts have commented on IDTI shares. Roth Capital started coverage on shares of Integrated Device Technology in a research report on Wednesday, September 28th. They set a “buy” rating and a $26.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price objective on shares of Integrated Device Technology in a research report on Friday, September 16th. Craig Hallum lowered their price objective on shares of Integrated Device Technology from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, August 2nd. Dougherty & Co lowered their price objective on shares of Integrated Device Technology from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, August 2nd. Finally, Brean Capital reiterated a “buy” rating and set a $23.00 price objective (down previously from $26.00) on shares of Integrated Device Technology in a research report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Integrated Device Technology currently has a consensus rating of “Buy” and a consensus price target of $26.20.

Large investors have recently made changes to their positions in the company. Rice Hall James & Associates LLC boosted its position in shares of Integrated Device Technology by 5.2% in the second quarter. Rice Hall James & Associates LLC now owns 1,265,117 shares of the company’s stock valued at $25,467,000 after buying an additional 62,255 shares during the last quarter. Stoneridge Investment Partners LLC purchased a new position in shares of Integrated Device Technology during the second quarter valued at $1,194,000. Emerald Acquisition Ltd. purchased a new position in shares of Integrated Device Technology during the second quarter valued at $1,338,000. Geode Capital Management LLC boosted its position in shares of Integrated Device Technology by 3.5% in the first quarter. Geode Capital Management LLC now owns 1,225,379 shares of the company’s stock valued at $25,046,000 after buying an additional 41,360 shares during the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of Integrated Device Technology during the second quarter valued at $3,120,000. 92.15% of the stock is currently owned by institutional investors.

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.

5 Day Chart for NASDAQ:IDTI

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