Insider Selling: Integrated Device Technology Inc (IDTI) SVP Sells 8,417 Shares of Stock

Integrated Device Technology Inc (NASDAQ:IDTI) SVP Brian C. White sold 8,417 shares of the company’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $32.50, for a total value of $273,552.50. Following the transaction, the senior vice president now directly owns 108,737 shares in the company, valued at $3,533,952.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Integrated Device Technology Inc (IDTI) traded down $1.14 during trading hours on Friday, reaching $28.77. 2,331,207 shares of the company’s stock traded hands, compared to its average volume of 1,686,818. Integrated Device Technology Inc has a one year low of $22.70 and a one year high of $34.13. The company has a debt-to-equity ratio of 0.69, a quick ratio of 4.80 and a current ratio of 5.62. The stock has a market capitalization of $3,910.00, a price-to-earnings ratio of -959.00, a price-to-earnings-growth ratio of 2.92 and a beta of 1.96.

Integrated Device Technology (NASDAQ:IDTI) last posted its quarterly earnings results on Monday, January 29th. The semiconductor company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.41 by $0.01. Integrated Device Technology had a negative net margin of 0.33% and a positive return on equity of 20.26%. The company had revenue of $217.10 million for the quarter, compared to analyst estimates of $215.32 million. During the same period in the prior year, the company earned $0.35 earnings per share. The firm’s revenue was up 23.1% on a year-over-year basis. research analysts predict that Integrated Device Technology Inc will post 1.15 EPS for the current year.

Large investors have recently bought and sold shares of the business. Riverhead Capital Management LLC boosted its holdings in Integrated Device Technology by 77.4% in the second quarter. Riverhead Capital Management LLC now owns 4,790 shares of the semiconductor company’s stock valued at $124,000 after purchasing an additional 2,090 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Integrated Device Technology by 15.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,935 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 670 shares in the last quarter. Advisor Group Inc. boosted its stake in shares of Integrated Device Technology by 13.7% during the 2nd quarter. Advisor Group Inc. now owns 4,964 shares of the semiconductor company’s stock worth $129,000 after acquiring an additional 600 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Integrated Device Technology by 11.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,182 shares of the semiconductor company’s stock worth $134,000 after acquiring an additional 525 shares in the last quarter. Finally, Fortaleza Asset Management Inc. boosted its stake in shares of Integrated Device Technology by 50.7% during the 3rd quarter. Fortaleza Asset Management Inc. now owns 8,905 shares of the semiconductor company’s stock worth $237,000 after acquiring an additional 2,995 shares in the last quarter. 96.22% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on IDTI shares. Barclays upped their target price on Integrated Device Technology from $22.00 to $24.00 and gave the company an “underweight” rating in a research report on Wednesday, October 18th. ValuEngine raised Integrated Device Technology from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Zacks Investment Research raised Integrated Device Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Craig Hallum upped their target price on Integrated Device Technology from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Finally, Summit Redstone raised Integrated Device Technology from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $33.38.

ILLEGAL ACTIVITY WARNING: “Insider Selling: Integrated Device Technology Inc (IDTI) SVP Sells 8,417 Shares of Stock” was originally posted by BBNS and is owned by of BBNS. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://baseballnewssource.com/2018/02/02/integrated-device-technology-inc-idti-svp-sells-273552-50-in-stock/1824651.html.

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.

Insider Buying and Selling by Quarter for Integrated Device Technology (NASDAQ:IDTI)

Receive News & Ratings for Integrated Device Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Integrated Device Technology and related companies with MarketBeat.com's FREE daily email newsletter.

 




Latest News

Teen Juan Soto Hits Home Run in First At-Bat
Teen Juan Soto Hits Home Run in First At-Bat
Ji-Man Choi Receives Another Chance in Milwaukee
Ji-Man Choi Receives Another Chance in Milwaukee
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Strikeouts Once Again Plaguing Cubs
Strikeouts Once Again Plaguing Cubs
Atlanta Braves: A Mix of Young and Old
Atlanta Braves: A Mix of Young and Old
Major League Baseball is Back and Astros Favored to Repeat
Major League Baseball is Back and Astros Favored to Repeat


Leave a Reply

 
© 2006-2018 BBNS.