Integrated Device Technology, Inc. (NASDAQ:IDTI) VP Mario Montana sold 20,374 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $24.43, for a total transaction of $497,736.82. Following the completion of the transaction, the vice president now directly owns 67,443 shares of the company’s stock, valued at approximately $1,647,632.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Mario Montana also recently made the following trade(s):

  • On Friday, May 26th, Mario Montana sold 25,314 shares of Integrated Device Technology stock. The stock was sold at an average price of $25.98, for a total transaction of $657,657.72.
  • On Monday, May 15th, Mario Montana sold 4,305 shares of Integrated Device Technology stock. The stock was sold at an average price of $24.04, for a total transaction of $103,492.20.

Shares of Integrated Device Technology, Inc. (NASDAQ:IDTI) traded down 0.17% on Friday, reaching $23.53. 1,494,272 shares of the company were exchanged. The firm has a market capitalization of $3.14 billion, a PE ratio of 30.56 and a beta of 1.97. Integrated Device Technology, Inc. has a 12-month low of $18.84 and a 12-month high of $27.09. The stock’s 50-day moving average is $25.54 and its 200 day moving average is $24.64.

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

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A number of research firms have recently commented on IDTI. BidaskClub cut shares of Integrated Device Technology from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Needham & Company LLC reissued a “buy” rating on shares of Integrated Device Technology in a report on Tuesday, August 1st. Bank of America Corporation cut shares of Integrated Device Technology from a “neutral” rating to an “underperform” rating and set a $27.00 target price for the company. in a report on Tuesday, August 1st. Zacks Investment Research cut shares of Integrated Device Technology from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, Longbow Research began coverage on shares of Integrated Device Technology in a report on Friday, June 9th. They issued a “buy” rating and a $31.00 target price for the company. Three 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. The company has an average rating of “Hold” and a consensus price target of $27.67.

A number of hedge funds have recently modified their holdings of IDTI. Vanguard Group Inc. raised its stake in shares of Integrated Device Technology by 0.6% in the second quarter. Vanguard Group Inc. now owns 10,614,638 shares of the semiconductor company’s stock valued at $273,751,000 after buying an additional 66,076 shares in the last quarter. FMR LLC raised its stake in shares of Integrated Device Technology by 63.4% in the second quarter. FMR LLC now owns 9,999,837 shares of the semiconductor company’s stock valued at $257,896,000 after buying an additional 3,878,581 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in shares of Integrated Device Technology by 0.4% in the second quarter. Frontier Capital Management Co. LLC now owns 5,096,721 shares of the semiconductor company’s stock valued at $131,444,000 after buying an additional 17,937 shares in the last quarter. State Street Corp raised its stake in shares of Integrated Device Technology by 3.1% in the first quarter. State Street Corp now owns 4,720,620 shares of the semiconductor company’s stock valued at $111,736,000 after buying an additional 142,841 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Integrated Device Technology by 5.1% in the second quarter. Alliancebernstein L.P. now owns 3,252,085 shares of the semiconductor company’s stock valued at $83,871,000 after buying an additional 158,917 shares in the last quarter. 95.15% of the stock is owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Integrated Device Technology (NASDAQ:IDTI)

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