Telemetry Investments L.L.C. increased its position in shares of Integrated Device Technology Inc (NASDAQ:IDTI) by 162.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,633 shares of the semiconductor company’s stock after purchasing an additional 14,000 shares during the quarter. Telemetry Investments L.L.C.’s holdings in Integrated Device Technology were worth $1,096,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Gamco Investors INC. ET AL acquired a new stake in shares of Integrated Device Technology during the 3rd quarter valued at approximately $489,000. American Century Companies Inc. lifted its position in shares of Integrated Device Technology by 48.7% during the 3rd quarter. American Century Companies Inc. now owns 259,790 shares of the semiconductor company’s stock valued at $12,213,000 after acquiring an additional 85,124 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Integrated Device Technology during the 3rd quarter valued at approximately $1,040,000. ING Groep NV lifted its position in shares of Integrated Device Technology by 48.0% during the 3rd quarter. ING Groep NV now owns 19,774 shares of the semiconductor company’s stock valued at $930,000 after acquiring an additional 6,413 shares during the period. Finally, Candriam Luxembourg S.C.A. acquired a new stake in shares of Integrated Device Technology during the 3rd quarter valued at approximately $2,463,000. Institutional investors and hedge funds own 90.16% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Integrated Device Technology from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 6th. Charter Equity cut shares of Integrated Device Technology from a “buy” rating to a “market perform” rating in a research note on Tuesday, January 29th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Integrated Device Technology currently has an average rating of “Hold” and an average price target of $42.91.

Shares of IDTI traded up $0.07 during mid-day trading on Friday, reaching $48.34. 38,321 shares of the company’s stock were exchanged, compared to its average volume of 2,178,181. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.00 and a quick ratio of 0.90. Integrated Device Technology Inc has a 52-week low of $27.71 and a 52-week high of $48.93. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of 38.07, a price-to-earnings-growth ratio of 3.70 and a beta of 1.22.

Integrated Device Technology (NASDAQ:IDTI) last issued its quarterly earnings data on Monday, January 28th. The semiconductor company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.09). Integrated Device Technology had a return on equity of 30.02% and a net margin of 11.68%. The business had revenue of $240.59 million for the quarter, compared to analysts’ expectations of $236.64 million. On average, equities analysts expect that Integrated Device Technology Inc will post 1.31 earnings per share for the current fiscal year.

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About Integrated Device Technology

Integrated Device Technology, Inc designs, develops, manufactures, and markets a range of semiconductor solutions for the communications, computing, consumer, automotive, industrial, and industrial end-markets. It operates in two segments, Communications; and Computing, Consumer and Industrial. The Communications segment offers clocks and timing solutions; radio frequency products; flow-control management products, including multi-port products; telecommunication interface products; static random access memory products; first in and first out memories; digital logic products; optical interconnect and frequency control solutions; and Serial RapidIO switching solutions.

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

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