Insider Selling: Integrated Device Technology Inc (IDTI) VP Sells 22,000 Shares of Stock

Integrated Device Technology Inc (NASDAQ:IDTI) VP Mario Montana sold 22,000 shares of the stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $32.06, for a total value of $705,320.00. Following the sale, the vice president now owns 74,705 shares of the company’s stock, valued at $2,395,042.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

NASDAQ IDTI traded down $0.86 during trading hours on Friday, hitting $29.60. The company’s stock had a trading volume of 789,303 shares, compared to its average volume of 1,357,878. Integrated Device Technology Inc has a 52 week low of $22.70 and a 52 week high of $34.13. The stock has a market cap of $4,085.26, a price-to-earnings ratio of 25.96, a PEG ratio of 2.31 and a beta of 1.83. The company has a debt-to-equity ratio of 0.69, a quick ratio of 5.01 and a current ratio of 5.62.

How to Become a New Pot Stock Millionaire

Integrated Device Technology (NASDAQ:IDTI) last announced its quarterly earnings results on Monday, January 29th. The semiconductor company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $217.10 million for the quarter, compared to analysts’ expectations of $215.32 million. During the same quarter last year, the firm earned $0.35 EPS. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. sell-side analysts predict that Integrated Device Technology Inc will post 1.15 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB bought a new position in shares of Integrated Device Technology during the 4th quarter worth approximately $363,000. Segall Bryant & Hamill LLC lifted its position in shares of Integrated Device Technology by 1.5% during the 4th quarter. Segall Bryant & Hamill LLC now owns 2,022,314 shares of the semiconductor company’s stock worth $60,123,000 after buying an additional 30,489 shares in the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of Integrated Device Technology during the 4th quarter worth approximately $4,311,000. Castleark Management LLC increased its stake in shares of Integrated Device Technology by 38.4% during the 4th quarter. Castleark Management LLC now owns 540,375 shares of the semiconductor company’s stock worth $16,065,000 after purchasing an additional 149,835 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of Integrated Device Technology by 1,016.9% during the 4th quarter. Millennium Management LLC now owns 372,900 shares of the semiconductor company’s stock worth $11,086,000 after purchasing an additional 339,512 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have weighed in on the company. BidaskClub upgraded Integrated Device Technology from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 21st. KeyCorp increased their price objective on shares of Integrated Device Technology from $33.00 to $37.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Craig Hallum reissued a “buy” rating and set a $40.00 price objective (up previously from $36.00) on shares of Integrated Device Technology in a research report on Tuesday, January 30th. Barclays raised shares of Integrated Device Technology from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $28.00 to $33.00 in a research report on Wednesday, January 17th. Finally, Needham & Company LLC reissued a “buy” rating and set a $38.00 price objective (up previously from $36.00) on shares of Integrated Device Technology in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Integrated Device Technology has an average rating of “Buy” and a consensus target price of $33.36.

COPYRIGHT VIOLATION NOTICE: This article was originally published by BBNS and is the sole property of of BBNS. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://baseballnewssource.com/2018/04/06/integrated-device-technology-inc-idti-vp-sells-705320-00-in-stock/2034719.html.

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.

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

Almora Jr. and Baez Could Become Cubs new One-Two Tandem
Almora Jr. and Baez Could Become Cubs new One-Two Tandem
Red Sox Tie Record for Best Start After 17 Games
Red Sox Tie Record for Best Start After 17 Games
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Rick Porcello’s Strong Start Gives Boost to Red Sox
Rick Porcello’s Strong Start Gives Boost to Red Sox
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Xander Bogaerts Goes on Red Sox DL
Xander Bogaerts Goes on Red Sox DL


Leave a Reply

 
© 2006-2018 BBNS.