TIAA CREF Investment Management LLC trimmed its position in shares of Integrated Device Technology, Inc. (NASDAQ:IDTI) by 0.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 547,244 shares of the semiconductor company’s stock after selling 2,893 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.41% of Integrated Device Technology worth $14,113,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Integrated Device Technology by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 10,548,562 shares of the semiconductor company’s stock worth $249,684,000 after buying an additional 416,108 shares during the last quarter. FMR LLC boosted its stake in Integrated Device Technology by 9.5% in the first quarter. FMR LLC now owns 6,121,256 shares of the semiconductor company’s stock valued at $144,890,000 after acquiring an additional 532,429 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in 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 acquiring an additional 17,937 shares in the last quarter. State Street Corp boosted its stake in 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 acquiring an additional 142,841 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in 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 acquiring an additional 158,917 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Integrated Device Technology, Inc. (NASDAQ:IDTI) opened at 26.58 on Monday. The stock has a 50 day moving average price of $24.77 and a 200-day moving average price of $24.63. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 34.52 and a beta of 1.98. Integrated Device Technology, Inc. has a one year low of $19.38 and a one year high of $28.08.

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

IDTI has been the topic of several analyst reports. Longbow Research started coverage on Integrated Device Technology in a research report on Friday, June 9th. They set a “buy” rating and a $31.00 price target on the stock. BidaskClub lowered Integrated Device Technology from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 15th. Needham & Company LLC increased their price objective on Integrated Device Technology from $28.00 to $32.00 and gave the company a “buy” rating in a report on Friday, June 16th. Pacific Crest reissued an “overweight” rating and issued a $30.00 price objective on shares of Integrated Device Technology in a research report on Wednesday, June 21st. Finally, Susquehanna Bancshares Inc boosted their target price on Integrated Device Technology from $30.00 to $33.00 and gave the stock a “positive” rating in a research note on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.36.

In other news, VP Mario Montana sold 20,374 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $24.43, for a total value of $497,736.82. Following the completion of the sale, the vice president now directly owns 67,443 shares of the company’s stock, valued at $1,647,632.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director S Kenneth Kannappan bought 2,000 shares of the stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average price of $24.32 per share, for a total transaction of $48,640.00. Following the completion of the transaction, the director now owns 18,637 shares of the company’s stock, 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.

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Integrated Device Technology 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.

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

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