Gregory L. Waters Sells 15,000 Shares of Integrated Device Technology Inc (IDTI) Stock

Integrated Device Technology Inc (NASDAQ:IDTI) CEO Gregory L. Waters sold 15,000 shares of the firm’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $30.22, for a total transaction of $453,300.00. Following the sale, the chief executive officer now owns 732,552 shares of the company’s stock, valued at $22,137,721.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

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  • 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 transaction of $283,300.00.

Shares of IDTI stock opened at $30.46 on Friday. Integrated Device Technology Inc has a 52 week low of $22.70 and a 52 week high of $34.13. The company has a market capitalization of $4,085.26, a PE ratio of 27.81, a P/E/G ratio of 2.31 and a beta of 1.83. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.62 and a quick ratio of 5.01.

Integrated Device Technology (NASDAQ:IDTI) last announced its quarterly earnings results on Monday, January 29th. The semiconductor company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $217.10 million during the quarter, compared to analyst estimates of $215.32 million. During the same period in the previous year, the business posted $0.35 earnings per share. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. equities research analysts anticipate that Integrated Device Technology Inc will post 1.15 EPS for the current fiscal year.

A number of research firms have weighed in on IDTI. BidaskClub upgraded shares of Integrated Device Technology from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 21st. KeyCorp raised their price objective on shares of Integrated Device Technology from $33.00 to $37.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Craig Hallum restated a “buy” rating and set a $40.00 price objective (up from $36.00) on shares of Integrated Device Technology in a research note on Tuesday, January 30th. Barclays upgraded shares of Integrated Device Technology from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $28.00 to $33.00 in a research note on Wednesday, January 17th. Finally, Needham & Company LLC restated a “buy” rating and set a $38.00 price objective (up from $36.00) on shares of Integrated Device Technology in a research note on Tuesday, January 30th. One investment 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 company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $33.36.

Several hedge funds have recently made changes to their positions in the company. Great West Life Assurance Co. Can grew its stake in shares of Integrated Device Technology by 2.0% in the third quarter. Great West Life Assurance Co. Can now owns 80,341 shares of the semiconductor company’s stock worth $2,121,000 after acquiring an additional 1,593 shares during the period. Teachers Advisors LLC boosted its holdings in shares of Integrated Device Technology by 0.6% in the fourth quarter. Teachers Advisors LLC now owns 374,169 shares of the semiconductor company’s stock worth $11,124,000 after buying an additional 2,196 shares during the last quarter. Meadow Creek Investment Management LLC boosted its holdings in shares of Integrated Device Technology by 17.1% in the fourth quarter. Meadow Creek Investment Management LLC now owns 15,904 shares of the semiconductor company’s stock worth $473,000 after buying an additional 2,324 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Integrated Device Technology by 47.1% in the fourth 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 during the last quarter. Finally, Congress Asset Management Co. MA boosted its holdings in shares of Integrated Device Technology by 1.3% in the fourth quarter. Congress Asset Management Co. MA now owns 257,142 shares of the semiconductor company’s stock worth $7,645,000 after buying an additional 3,309 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

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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)

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