Stifel Financial Corp lifted its stake in shares of Integrated Device Technology Inc (NASDAQ:IDTI) by 6.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 379,579 shares of the semiconductor company’s stock after acquiring an additional 22,007 shares during the period. Stifel Financial Corp’s holdings in Integrated Device Technology were worth $18,399,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in IDTI. First Hawaiian Bank raised its holdings in Integrated Device Technology by 300.0% in the fourth quarter. First Hawaiian Bank now owns 560 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 420 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in Integrated Device Technology by 4,743.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,461,697 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 2,410,867 shares during the period. Enlightenment Research LLC purchased a new position in Integrated Device Technology in the fourth quarter valued at approximately $102,000. Honkamp Krueger Financial Services Inc. purchased a new position in Integrated Device Technology in the third quarter valued at approximately $107,000. Finally, Meeder Asset Management Inc. raised its holdings in Integrated Device Technology by 713.3% in the fourth quarter. Meeder Asset Management Inc. now owns 4,091 shares of the semiconductor company’s stock valued at $199,000 after buying an additional 3,588 shares during the period. Institutional investors and hedge funds own 90.16% of the company’s stock.
NASDAQ:IDTI traded up $0.07 during trading hours on Friday, hitting $48.34. The stock had a trading volume of 38,321 shares, compared to its average volume of 2,178,181. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 0.10. Integrated Device Technology Inc has a 1-year low of $27.71 and a 1-year high of $48.93. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 38.07, a price-to-earnings-growth ratio of 3.70 and a beta of 1.22.
Several analysts have issued reports on the stock. BidaskClub raised shares of Integrated Device Technology from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 6th. Charter Equity downgraded shares of Integrated Device Technology from a “buy” rating to a “market perform” rating in a research report on Tuesday, January 29th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $42.91.
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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