Kennedy Capital Management Inc. cut its stake in shares of Integrated Device Technology, Inc. (NASDAQ:IDTI) by 34.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 155,511 shares of the semiconductor company’s stock after selling 81,002 shares during the period. Kennedy Capital Management Inc. owned about 0.12% of Integrated Device Technology worth $4,011,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Alps Advisors Inc. raised its stake in Integrated Device Technology by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 19,844 shares of the semiconductor company’s stock valued at $512,000 after buying an additional 51 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Integrated Device Technology by 0.3% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 23,071 shares of the semiconductor company’s stock worth $464,000 after purchasing an additional 78 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of Integrated Device Technology by 0.6% in the 2nd quarter. Capstone Asset Management Co. now owns 16,421 shares of the semiconductor company’s stock worth $423,000 after purchasing an additional 100 shares in the last quarter. Oakbrook Investments LLC increased its stake in shares of Integrated Device Technology by 1.5% in the 2nd quarter. Oakbrook Investments LLC now owns 9,850 shares of the semiconductor company’s stock worth $254,000 after purchasing an additional 150 shares in the last quarter. Finally, Autus Asset Management LLC increased its stake in shares of Integrated Device Technology by 0.3% in the 2nd quarter. Autus Asset Management LLC now owns 59,545 shares of the semiconductor company’s stock worth $1,536,000 after purchasing an additional 175 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Several equities research analysts have recently commented on IDTI shares. KeyCorp restated a “buy” rating and issued a $30.00 price objective on shares of Integrated Device Technology in a research note on Friday, September 1st. Loop Capital restated a “buy” rating and issued a $29.00 price objective on shares of Integrated Device Technology in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded Integrated Device Technology from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Bank of America Corporation lowered Integrated Device Technology from a “neutral” rating to an “underperform” rating and set a $27.00 price objective for the company. in a research note on Tuesday, August 1st. Finally, Longbow Research started coverage on Integrated Device Technology in a research note on Friday, June 9th. They issued a “buy” rating and a $31.00 price objective for the company. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $28.17.

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

Integrated Device Technology, Inc. (NASDAQ:IDTI) opened at 27.59 on Friday. The company has a 50-day moving average of $24.68 and a 200 day moving average of $24.57. The company has a market cap of $3.68 billion, a P/E ratio of 35.83 and a beta of 1.99. Integrated Device Technology, Inc. has a one year low of $19.38 and a one year high of $28.00.

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

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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.

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

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