Stephens Investment Management Group LLC decreased its holdings in shares of Integrated Device Technology, Inc. (NASDAQ:IDTI) by 0.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,102,312 shares of the semiconductor company’s stock after selling 1,301 shares during the period. Stephens Investment Management Group LLC owned approximately 0.83% of Integrated Device Technology worth $28,429,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Israel Discount Bank of New York acquired a new stake in shares of Integrated Device Technology during the first quarter worth about $103,000. Riverhead Capital Management LLC boosted its stake in shares of Integrated Device Technology by 77.4% during the second quarter. Riverhead Capital Management LLC now owns 4,790 shares of the semiconductor company’s stock worth $124,000 after buying an additional 2,090 shares during the period. Elkfork Partners LLC boosted its stake in shares of Integrated Device Technology by 22.2% during the first quarter. Elkfork Partners LLC now owns 5,324 shares of the semiconductor company’s stock worth $126,000 after buying an additional 968 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Integrated Device Technology by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,182 shares of the semiconductor company’s stock worth $134,000 after buying an additional 525 shares during the period. Finally, Fortaleza Asset Management Inc. acquired a new stake in shares of Integrated Device Technology during the second quarter worth about $152,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

In other Integrated Device Technology news, VP Mario Montana sold 20,374 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $24.43, for a total transaction of $497,736.82. Following the completion of the transaction, the vice president now directly owns 67,443 shares of the company’s stock, valued at approximately $1,647,632.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director S Kenneth Kannappan bought 2,000 shares of Integrated Device Technology stock in a transaction on Thursday, August 3rd. The shares were purchased at an average cost of $24.32 per share, with a total value of $48,640.00. Following the completion of the purchase, the director now directly owns 18,637 shares in the company, valued at $453,251.84. The disclosure for this purchase can be found here. Insiders have sold a total of 221,541 shares of company stock valued at $5,398,165 over the last three months. 1.24% of the stock is currently owned by company insiders.

Integrated Device Technology, Inc. (IDTI) traded up 0.54% on Tuesday, reaching $25.89. 294,200 shares of the company traded hands. The company has a market capitalization of $3.45 billion, a P/E ratio of 33.62 and a beta of 1.99. Integrated Device Technology, Inc. has a 12 month low of $19.38 and a 12 month high of $27.09. The company has a 50-day moving average price of $24.57 and a 200-day moving average price of $24.48.

Integrated Device Technology (NASDAQ:IDTI) last posted its earnings results on Monday, July 31st. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.07). The firm had revenue of $196.71 million for the quarter, compared to analyst estimates of $195.10 million. Integrated Device Technology had a net margin of 14.50% and a return on equity of 20.34%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 earnings per share. Equities research analysts expect that Integrated Device Technology, Inc. will post $1.49 EPS for the current year.

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Several brokerages have recently weighed in on IDTI. Zacks Investment Research downgraded shares of Integrated Device Technology from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Longbow Research began coverage on shares of Integrated Device Technology in a research note on Friday, June 9th. They set a “buy” rating and a $31.00 target price for the company. Needham & Company LLC increased their target price on shares of Integrated Device Technology from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, June 16th. Bank of America Corporation downgraded shares of Integrated Device Technology from a “neutral” rating to an “underperform” rating and set a $27.00 target price for the company. in a research note on Tuesday, August 1st. Finally, Pacific Crest reiterated an “overweight” rating and set a $30.00 target price on shares of Integrated Device Technology in a research note on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.17.

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.

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

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