Westfield Capital Management Co. LP increased its position in shares of Integrated Device Technology, Inc. (NASDAQ:IDTI) by 84.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,047,910 shares of the semiconductor company’s stock after acquiring an additional 479,405 shares during the quarter. Westfield Capital Management Co. LP owned about 0.79% of Integrated Device Technology worth $27,026,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Israel Discount Bank of New York acquired a new position in shares of Integrated Device Technology during the first quarter valued at $103,000. Riverhead Capital Management LLC lifted its stake in shares of Integrated Device Technology by 77.4% during the second quarter. Riverhead Capital Management LLC now owns 4,790 shares of the semiconductor company’s stock valued at $124,000 after acquiring an additional 2,090 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Integrated Device Technology by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,182 shares of the semiconductor company’s stock valued at $134,000 after acquiring an additional 525 shares during the period. Elkfork Partners LLC lifted its stake in shares of Integrated Device Technology by 22.2% during the first quarter. Elkfork Partners LLC now owns 5,324 shares of the semiconductor company’s stock valued at $126,000 after acquiring an additional 968 shares during the period. Finally, Fortaleza Asset Management Inc. acquired a new position in shares of Integrated Device Technology during the second quarter valued at $152,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

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Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Integrated Device Technology from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. BidaskClub lowered Integrated Device Technology from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 15th. KeyCorp reaffirmed an “overweight” rating on shares of Integrated Device Technology in a research note on Thursday. Susquehanna Bancshares Inc upped their price target 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. Finally, Pacific Crest reaffirmed an “overweight” rating and set a $30.00 price target on shares of Integrated Device Technology in a research note on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $28.17.

Integrated Device Technology, Inc. (NASDAQ IDTI) traded up 0.11% during midday trading on Monday, reaching $27.62. The company had a trading volume of 231,556 shares. The company has a market capitalization of $3.69 billion, a PE ratio of 35.87 and a beta of 1.99. The stock has a 50-day moving average price of $24.68 and a 200 day moving average price of $24.57. Integrated Device Technology, Inc. has a 12-month low of $19.38 and a 12-month high of $28.00.

Integrated Device Technology (NASDAQ:IDTI) last announced its earnings results on Monday, July 31st. The semiconductor company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.07). The company 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%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 earnings per share. Equities analysts forecast that Integrated Device Technology, Inc. will post $1.49 EPS for the current year.

In other Integrated Device Technology news, VP Mario Montana sold 20,374 shares of Integrated Device Technology 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 transaction, the vice president now directly owns 67,443 shares of the company’s stock, valued at approximately $1,647,632.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director S Kenneth Kannappan bought 2,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were bought at an average cost of $24.32 per share, for a total transaction of $48,640.00. Following the completion of the acquisition, the director now directly owns 18,637 shares in the company, valued at approximately $453,251.84. The disclosure for this purchase can be found here. 1.24% of the stock is currently owned by insiders.

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.

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

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