Nuveen Asset Management LLC decreased its position in Integrated Device Technology, Inc. (NASDAQ:IDTI) by 17.4% during the first quarter, Holdings Channel reports. The institutional investor owned 63,813 shares of the semiconductor company’s stock after selling 13,421 shares during the period. Nuveen Asset Management LLC’s holdings in Integrated Device Technology were worth $1,510,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of IDTI. First Mercantile Trust Co. increased its position in Integrated Device Technology by 22.3% in the first quarter. First Mercantile Trust Co. now owns 28,681 shares of the semiconductor company’s stock worth $678,000 after buying an additional 5,223 shares in the last quarter. Glen Harbor Capital Management LLC increased its position in Integrated Device Technology by 22.2% in the first quarter. Glen Harbor Capital Management LLC now owns 8,228 shares of the semiconductor company’s stock worth $195,000 after buying an additional 1,496 shares in the last quarter. Profund Advisors LLC increased its position in Integrated Device Technology by 9.6% in the first quarter. Profund Advisors LLC now owns 45,794 shares of the semiconductor company’s stock worth $1,084,000 after buying an additional 4,026 shares in the last quarter. First Manhattan Co. increased its position in Integrated Device Technology by 1.5% in the first quarter. First Manhattan Co. now owns 13,400 shares of the semiconductor company’s stock worth $309,000 after buying an additional 200 shares in the last quarter. Finally, Legato Capital Management LLC increased its position in Integrated Device Technology by 3,059.0% in the first quarter. Legato Capital Management LLC now owns 57,589 shares of the semiconductor company’s stock worth $2,433,000 after buying an additional 55,766 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Integrated Device Technology, Inc. (NASDAQ:IDTI) opened at 26.31 on Tuesday. The company has a market capitalization of $3.50 billion, a PE ratio of 32.93 and a beta of 1.98. Integrated Device Technology, Inc. has a 1-year low of $18.49 and a 1-year high of $26.66. The stock’s 50 day moving average price is $24.87 and its 200-day moving average price is $24.43.

Integrated Device Technology (NASDAQ:IDTI) last released its quarterly earnings data on Monday, May 1st. The semiconductor company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. Integrated Device Technology had a return on equity of 21.80% and a net margin of 15.17%. The company had revenue of $175.70 million for the quarter, compared to analysts’ expectations of $175.05 million. During the same period last year, the firm posted $0.36 earnings per share. Integrated Device Technology’s revenue was down 7.2% compared to the same quarter last year. On average, equities analysts predict that Integrated Device Technology, Inc. will post $1.50 EPS for the current year.

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A number of equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Integrated Device Technology from a “buy” rating to a “hold” rating in a report on Friday. Longbow Research assumed coverage on shares of Integrated Device Technology in a report on Friday, June 9th. They set a “buy” rating and a $31.00 price objective on the stock. Pacific Crest reaffirmed an “overweight” rating and set a $30.00 price objective on shares of Integrated Device Technology in a report on Wednesday, June 21st. BidaskClub downgraded shares of Integrated Device Technology from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 15th. Finally, Needham & Company LLC lifted their price objective on shares of Integrated Device Technology from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, June 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $27.38.

In other Integrated Device Technology news, CEO Gregory L. Waters sold 170,718 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $24.36, for a total value of $4,158,690.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Mario Montana sold 4,305 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $24.04, for a total value of $103,492.20. The disclosure for this sale can be found here. Insiders have sold 289,016 shares of company stock worth $7,089,245 over the last ninety days. 1.38% of the stock is currently owned by insiders.

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.

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Institutional Ownership by Quarter for Integrated Device Technology (NASDAQ:IDTI)

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