Oakbrook Investments LLC Buys Shares of 5,000 Integrated Device Technology Inc (IDTI)

Oakbrook Investments LLC bought a new stake in shares of Integrated Device Technology Inc (NASDAQ:IDTI) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,000 shares of the semiconductor company’s stock, valued at approximately $235,000.

A number of other large investors also recently made changes to their positions in IDTI. Atria Investments LLC acquired a new stake in Integrated Device Technology during the 2nd quarter valued at $200,000. Trexquant Investment LP acquired a new stake in Integrated Device Technology during the 2nd quarter valued at $295,000. Krane Funds Advisors LLC grew its holdings in Integrated Device Technology by 26.9% during the 2nd quarter. Krane Funds Advisors LLC now owns 9,471 shares of the semiconductor company’s stock valued at $302,000 after buying an additional 2,009 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Integrated Device Technology during the 1st quarter valued at $330,000. Finally, Campbell Newman Asset Management Inc. acquired a new stake in shares of Integrated Device Technology during the second quarter worth $332,000. Hedge funds and other institutional investors own 96.57% of the company’s stock.

In related news, VP Chris Allexandre sold 4,000 shares of Integrated Device Technology stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $34.04, for a total value of $136,160.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP David Shepard sold 6,000 shares of Integrated Device Technology stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $35.82, for a total value of $214,920.00. Following the completion of the transaction, the vice president now owns 73,569 shares in the company, valued at approximately $2,635,241.58. The disclosure for this sale can be found here. Insiders sold 86,300 shares of company stock worth $3,586,263 in the last quarter. 1.23% of the stock is owned by insiders.



Several equities research analysts have recently issued reports on the company. Zacks Investment Research cut Integrated Device Technology from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. BidaskClub cut Integrated Device Technology from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. ValuEngine upgraded Integrated Device Technology from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 19th. Dougherty & Co cut Integrated Device Technology from a “buy” rating to a “neutral” rating in a report on Wednesday, September 12th. Finally, Cowen raised their price objective on Integrated Device Technology from $37.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, July 19th. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. Integrated Device Technology currently has an average rating of “Buy” and a consensus target price of $41.62.

IDTI stock opened at $46.21 on Tuesday. Integrated Device Technology Inc has a 52-week low of $26.96 and a 52-week high of $47.45. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.98 and a current ratio of 5.66. The firm has a market cap of $5.97 billion, a PE ratio of 36.39, a price-to-earnings-growth ratio of 3.15 and a beta of 1.88.

Integrated Device Technology (NASDAQ:IDTI) last issued its earnings results on Monday, October 29th. The semiconductor company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. Integrated Device Technology had a return on equity of 26.05% and a net margin of 0.21%. As a group, equities research analysts predict that Integrated Device Technology Inc will post 1.46 EPS for the current fiscal year.

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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