465,794 Shares in Integrated Device Technology Inc (IDTI) Purchased by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust acquired a new position in Integrated Device Technology Inc (NASDAQ:IDTI) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 465,794 shares of the semiconductor company’s stock, valued at approximately $21,897,000. Emerald Mutual Fund Advisers Trust owned approximately 0.36% of Integrated Device Technology as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Atria Investments LLC bought a new stake in shares of Integrated Device Technology in the 2nd quarter worth $200,000. Oakbrook Investments LLC acquired a new position in shares of Integrated Device Technology in the 3rd quarter worth $235,000. Trexquant Investment LP acquired a new position in shares of Integrated Device Technology in the 2nd quarter worth $295,000. Krane Funds Advisors LLC grew its holdings in shares of Integrated Device Technology by 26.9% in the 2nd quarter. Krane Funds Advisors LLC now owns 9,471 shares of the semiconductor company’s stock worth $302,000 after acquiring an additional 2,009 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Integrated Device Technology in the 1st quarter worth $330,000. 96.57% of the stock is currently owned by institutional investors.

In other Integrated Device Technology news, VP David Shepard sold 6,000 shares of the business’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $35.82, for a total value of $214,920.00. Following the completion of the sale, the vice president now owns 73,569 shares of the company’s stock, valued at $2,635,241.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Sailesh Chittipeddi sold 33,300 shares of the business’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $47.01, for a total value of $1,565,433.00. Following the completion of the sale, the senior vice president now directly owns 193,095 shares of the company’s stock, valued at approximately $9,077,395.95. The disclosure for this sale can be found here. Insiders sold 82,300 shares of company stock valued at $3,450,103 in the last ninety days. Insiders own 1.23% of the company’s stock.



A number of equities analysts recently issued reports on the company. Craig Hallum lifted their target price on Integrated Device Technology from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. BidaskClub cut Integrated Device Technology from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. Needham & Company LLC lifted their target price on Integrated Device Technology from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. Zacks Investment Research upgraded Integrated Device Technology from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Friday, July 6th. Finally, Susquehanna Bancshares reiterated a “neutral” rating and set a $49.00 price target (up previously from $42.00) on shares of Integrated Device Technology in a report on Tuesday, September 11th. Nine investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $41.62.

Shares of NASDAQ IDTI opened at $46.81 on Wednesday. The company has a current ratio of 5.66, a quick ratio of 4.98 and a debt-to-equity ratio of 0.78. Integrated Device Technology Inc has a one year low of $26.96 and a one year high of $47.45. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 36.86, a PEG ratio of 3.16 and a beta of 1.89.

Integrated Device Technology (NASDAQ:IDTI) last issued its earnings results on Monday, October 29th. The semiconductor company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. Integrated Device Technology had a return on equity of 29.53% and a net margin of 2.06%. The firm had revenue of $235.48 million for the quarter, compared to the consensus estimate of $234.07 million. On average, equities research analysts anticipate that Integrated Device Technology Inc will post 1.46 EPS for the current fiscal year.

Integrated Device Technology Profile

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.

Featured Story: What is a Call Option?

Institutional Ownership 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.

Leave a Reply