Integrated Device Technology Inc (NASDAQ:IDTI) VP Mario Montana sold 22,000 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $32.06, for a total transaction of $705,320.00. Following the completion of the sale, the vice president now directly owns 74,705 shares of the company’s stock, valued at $2,395,042.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Integrated Device Technology Inc (IDTI) opened at $32.15 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 5.01 and a current ratio of 5.62. The stock has a market capitalization of $4,244.06, a PE ratio of 28.89, a price-to-earnings-growth ratio of 3.12 and a beta of 1.88. Integrated Device Technology Inc has a twelve month low of $22.70 and a twelve month high of $34.13.
Integrated Device Technology (NASDAQ:IDTI) last posted its quarterly earnings data on Monday, January 29th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The firm had revenue of $217.10 million for the quarter, compared to the consensus estimate of $215.32 million. Integrated Device Technology had a positive return on equity of 20.26% and a negative net margin of 0.33%. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 EPS. equities analysts expect that Integrated Device Technology Inc will post 1.15 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its holdings in 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 buying an additional 670 shares during the period. Thompson Davis & CO. Inc. raised its holdings in Integrated Device Technology by 285.7% during the 4th quarter. Thompson Davis & CO. Inc. now owns 6,750 shares of the semiconductor company’s stock worth $201,000 after buying an additional 5,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Integrated Device Technology by 47.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,623 shares of the semiconductor company’s stock worth $227,000 after buying an additional 2,441 shares during the period. Harbour Capital Advisors LLC acquired a new stake in Integrated Device Technology during the 3rd quarter worth about $239,000. Finally, ClariVest Asset Management LLC acquired a new stake in Integrated Device Technology during the 3rd quarter worth about $263,000. Hedge funds and other institutional investors own 97.16% of the company’s stock.
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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.
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