Integrated Device Technology Inc. (NASDAQ:IDTI) VP Matthew D. Brandalise sold 9,500 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $25.53, for a total transaction of $242,535.00. Following the sale, the vice president now directly owns 71,073 shares of the company’s stock, valued at approximately $1,814,493.69. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Integrated Device Technology Inc. (NASDAQ:IDTI) traded down 1.37% on Monday, hitting $25.28. The stock had a trading volume of 997,515 shares. Integrated Device Technology Inc. has a 12 month low of $16.22 and a 12 month high of $29.04. The company has a 50-day moving average of $22.36 and a 200 day moving average of $21.50. The company has a market cap of $3.39 billion, a PE ratio of 22.23 and a beta of 2.15.

Integrated Device Technology (NASDAQ:IDTI) last announced its quarterly earnings data 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 return on equity of 25.09% and a net margin of 21.49%. The firm earned $184.10 million during the quarter, compared to analysts’ expectations of $183.99 million. During the same period last year, the business posted $0.35 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts predict 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)

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Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Integrated Device Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, October 5th. Brean Capital reaffirmed a “buy” rating and set a $25.00 price target (up previously from $23.00) on shares of Integrated Device Technology in a research report on Wednesday, November 2nd. Roth Capital initiated 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 target for the company. Barclays PLC cut their price objective on Integrated Device Technology from $21.00 to $19.00 and set an “underweight” rating for the company in a research note on Tuesday, August 2nd. Finally, Craig Hallum cut their price objective on 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. One research analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $26.20.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Chartwell Investment Partners LLC bought a new position in shares of Integrated Device Technology during the third quarter valued at $25,018,000. The Manufacturers Life Insurance Company bought a new position in shares of Integrated Device Technology during the third quarter valued at $21,296,000. Rothschild Asset Management Inc. bought a new position in shares of Integrated Device Technology during the second quarter valued at $15,073,000. State of Wisconsin Investment Board boosted its position in shares of Integrated Device Technology by 1,234.8% in the third quarter. State of Wisconsin Investment Board now owns 694,100 shares of the company’s stock valued at $16,034,000 after buying an additional 642,100 shares in the last quarter. Finally, Peregrine Capital Management LLC bought a new position in shares of Integrated Device Technology during the third quarter valued at $13,897,000. Hedge funds and other institutional investors own 94.66% of the company’s stock.

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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