Insider Selling: Integrated Device Technology Inc (IDTI) CEO Sells $342,195.72 in Stock

Integrated Device Technology Inc (NASDAQ:IDTI) CEO Gregory L. Waters sold 11,703 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $29.24, for a total value of $342,195.72. Following the completion of the sale, the chief executive officer now owns 722,552 shares of the company’s stock, valued at $21,127,420.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Gregory L. Waters also recently made the following trade(s):

  • On Tuesday, February 6th, Gregory L. Waters sold 10,000 shares of Integrated Device Technology stock. The shares were sold at an average price of $28.33, for a total value of $283,300.00.

Integrated Device Technology Inc (IDTI) opened at $29.84 on Friday. The firm has a market capitalization of $3,841.76, a price-to-earnings ratio of -994.34, a price-to-earnings-growth ratio of 2.83 and a beta of 1.96. The company has a quick ratio of 5.01, a current ratio of 5.62 and a debt-to-equity ratio of 0.69. Integrated Device Technology Inc has a fifty-two week low of $22.70 and a fifty-two week high of $34.13.

Integrated Device Technology (NASDAQ:IDTI) last announced its quarterly earnings data 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. The firm had revenue of $217.10 million during the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 EPS. equities research analysts anticipate that Integrated Device Technology Inc will post 1.15 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio raised its holdings in Integrated Device Technology by 15.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,935 shares of the semiconductor company’s stock valued at $127,000 after acquiring an additional 670 shares in the last quarter. Advisor Group Inc. raised its holdings 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 buying an additional 600 shares in the last quarter. Thompson Davis & CO. Inc. raised its holdings in shares of 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of 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 in the last quarter. Finally, Fortaleza Asset Management Inc. raised its holdings 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 buying an additional 2,995 shares in the last quarter. 96.17% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently issued reports on IDTI. BidaskClub downgraded Integrated Device Technology from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded Integrated Device Technology from a “hold” rating to a “strong sell” rating in a research note on Friday, February 2nd. KeyCorp boosted their price target on Integrated Device Technology from $33.00 to $37.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Needham & Company LLC restated a “buy” rating and issued a $38.00 price target (up from $36.00) on shares of Integrated Device Technology in a research note on Tuesday, January 30th. Finally, Craig Hallum restated a “buy” rating and issued a $40.00 price target (up from $36.00) on shares of Integrated Device Technology in a research note on Tuesday, January 30th. Two 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. The stock presently has an average rating of “Buy” and a consensus target price of $33.38.

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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.

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

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