Integrated Device Technology, Inc. (NASDAQ:IDTI) Director S Kenneth Kannappan purchased 2,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were purchased at an average cost of $24.32 per share, with a total value of $48,640.00. Following the purchase, the director now owns 18,637 shares of the company’s stock, valued at $453,251.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Integrated Device Technology, Inc. (NASDAQ:IDTI) traded up 0.04% during midday trading on Friday, hitting $24.20. The stock had a trading volume of 1,567,779 shares. The company has a market capitalization of $3.23 billion, a PE ratio of 31.43 and a beta of 1.97. Integrated Device Technology, Inc. has a 1-year low of $18.49 and a 1-year high of $27.09. The stock’s 50-day moving average is $25.65 and its 200-day moving average is $24.66.

Integrated Device Technology (NASDAQ:IDTI) last released its earnings results on Monday, July 31st. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.07. The business had revenue of $196.71 million for the quarter, compared to analyst estimates of $195.10 million. Integrated Device Technology had a return on equity of 20.34% and a net margin of 14.50%. Integrated Device Technology’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 earnings per share. Equities research analysts forecast that Integrated Device Technology, Inc. will post $1.49 EPS for the current year.

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Several large investors have recently made changes to their positions in the stock. Israel Discount Bank of New York purchased a new stake in shares of Integrated Device Technology during the first quarter worth approximately $103,000. TrimTabs Asset Management LLC increased its stake in shares of Integrated Device Technology by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 4,745 shares of the semiconductor company’s stock worth $112,000 after buying an additional 2,232 shares in the last quarter. Elkfork Partners LLC increased its stake in shares of Integrated Device Technology by 22.2% in the first quarter. Elkfork Partners LLC now owns 5,324 shares of the semiconductor company’s stock worth $126,000 after buying an additional 968 shares in the last quarter. Fortaleza Asset Management Inc. purchased a new stake in shares of Integrated Device Technology during the second quarter worth approximately $152,000. Finally, Meadow Creek Investment Management LLC increased its stake in shares of Integrated Device Technology by 22.2% in the first quarter. Meadow Creek Investment Management LLC now owns 6,776 shares of the semiconductor company’s stock worth $160,000 after buying an additional 1,232 shares in the last quarter. 95.65% of the stock is currently owned by institutional investors.

Several equities research analysts have issued reports on the company. BidaskClub lowered Integrated Device Technology from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research lowered Integrated Device Technology from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Susquehanna Bancshares Inc boosted their target price on Integrated Device Technology from $30.00 to $33.00 and gave the company a “positive” rating in a research note on Wednesday, June 28th. Pacific Crest reissued an “overweight” rating and issued a $30.00 target price on shares of Integrated Device Technology in a research note on Wednesday, June 21st. Finally, Barclays PLC reissued an “underweight” rating on shares of Integrated Device Technology in a research note on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. Integrated Device Technology has a consensus rating of “Hold” and a consensus price target of $27.67.

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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