Dalton Greiner Hartman Maher & Co. raised its stake in shares of Integrated Device Technology Inc. (NASDAQ:IDTI) by 0.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 567,189 shares of the company’s stock after buying an additional 182 shares during the period. Dalton Greiner Hartman Maher & Co. owned approximately 0.42% of Integrated Device Technology worth $13,102,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. State of New Jersey Common Pension Fund D increased its stake in shares of Integrated Device Technology by 3.9% in the second quarter. State of New Jersey Common Pension Fund D now owns 2,665,000 shares of the company’s stock valued at $53,646,000 after buying an additional 100,000 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of Integrated Device Technology by 19.3% in the second quarter. Baird Financial Group Inc. now owns 1,954,716 shares of the company’s stock valued at $39,348,000 after buying an additional 316,421 shares during the last quarter. Glenmede Trust Co. NA increased its stake in shares of Integrated Device Technology by 14.3% in the second quarter. Glenmede Trust Co. NA now owns 1,685,203 shares of the company’s stock valued at $33,921,000 after buying an additional 211,022 shares during the last quarter. Frontier Capital Management Co. LLC increased its stake in shares of Integrated Device Technology by 9.9% in the second quarter. Frontier Capital Management Co. LLC now owns 1,537,149 shares of the company’s stock valued at $30,943,000 after buying an additional 138,735 shares during the last quarter. Finally, Rice Hall James & Associates LLC increased its stake 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. 94.66% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Integrated Device Technology Inc. (NASDAQ:IDTI) traded down 1.541% during mid-day trading on Monday, reaching $25.235. 747,337 shares of the company’s stock were exchanged. The company has a market cap of $3.38 billion, a PE ratio of 22.194 and a beta of 2.15. The company’s 50-day moving average price is $22.29 and its 200 day moving average price is $21.46. Integrated Device Technology Inc. has a 52-week low of $16.22 and a 52-week high of $29.04.

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

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Several equities research analysts have commented on IDTI shares. Zacks Investment Research downgraded shares of Integrated Device Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, October 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of Integrated Device Technology in a research note on Friday, September 16th. Craig Hallum lowered their target price on shares of Integrated Device Technology from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, August 2nd. Roth Capital initiated coverage on shares of Integrated Device Technology in a research note on Wednesday, September 28th. They issued a “buy” rating and a $26.00 target price for the company. Finally, Charter Equity raised shares of Integrated Device Technology from a “market perform” rating to a “buy” rating in a research report on Tuesday, November 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $26.20.

In other news, Director Norman P. Taffe sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $24.35, for a total value of $170,450.00. Following the transaction, the director now owns 30,957 shares in the company, valued at approximately $753,802.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.38% of the stock is currently owned by insiders.

Integrated Device Technology Company 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.

5 Day Chart for NASDAQ:IDTI

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