Ontario Teachers Pension Plan Board acquired a new position in shares of Integrated Device Technology Inc (NASDAQ:IDTI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,226 shares of the semiconductor company’s stock, valued at approximately $422,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IDTI. Atria Investments LLC acquired a new stake in shares of Integrated Device Technology in the second quarter valued at approximately $200,000. Zeke Capital Advisors LLC acquired a new stake in shares of Integrated Device Technology in the first quarter valued at approximately $241,000. Natixis acquired a new stake in shares of Integrated Device Technology in the first quarter valued at approximately $244,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Integrated Device Technology in the first quarter valued at approximately $266,000. Finally, Teza Capital Management LLC acquired a new stake in shares of Integrated Device Technology in the first quarter valued at approximately $288,000. 95.68% of the stock is owned by institutional investors.

IDTI opened at $42.66 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.66 and a quick ratio of 4.98. Integrated Device Technology Inc has a 52 week low of $24.61 and a 52 week high of $43.95. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of 33.03, a price-to-earnings-growth ratio of 2.42 and a beta of 1.90.

Integrated Device Technology (NASDAQ:IDTI) last released its earnings results on Monday, July 30th. The semiconductor company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Integrated Device Technology had a net margin of 0.21% and a return on equity of 26.05%. The firm had revenue of $228.52 million during the quarter, compared to analyst estimates of $226.91 million. During the same quarter in the previous year, the business earned $0.33 EPS. The business’s quarterly revenue was up 16.2% compared to the same quarter last year. equities analysts expect that Integrated Device Technology Inc will post 1.46 EPS for the current year.

In other Integrated Device Technology news, CEO Gregory L. Waters sold 20,000 shares of Integrated Device Technology stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $42.63, for a total transaction of $852,600.00. Following the completion of the sale, the chief executive officer now owns 790,370 shares of the company’s stock, valued at approximately $33,693,473.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David Shepard sold 3,000 shares of Integrated Device Technology stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $42.65, for a total transaction of $127,950.00. Following the sale, the vice president now directly owns 75,569 shares of the company’s stock, valued at approximately $3,223,017.85. The disclosure for this sale can be found here. Insiders have sold a total of 112,363 shares of company stock valued at $4,029,367 in the last ninety days. Company insiders own 1.23% of the company’s stock.

A number of analysts recently weighed in on IDTI shares. ValuEngine raised shares of Integrated Device Technology from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. TheStreet raised shares of Integrated Device Technology from a “c+” rating to a “b” rating in a report on Wednesday, May 23rd. Barclays raised their price target on shares of Integrated Device Technology from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, July 31st. Zacks Investment Research raised shares of Integrated Device Technology from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Friday, July 6th. Finally, Craig Hallum raised their price target on shares of Integrated Device Technology from $40.00 to $41.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $38.58.

About Integrated Device Technology

Integrated Device Technology, Inc designs, develops, manufactures, and markets a range of semiconductor solutions for the communications, computing, consumer, automotive, industrial, and industrial end-markets. It operates in two segments, Communications; and Computing, Consumer and Industrial. The Communications segment offers clocks and timing solutions; radio frequency products; flow-control management products, including multi-port products; telecommunication interface products; static random access memory products; first in and first out memories; digital logic products; optical interconnect and frequency control solutions; and Serial RapidIO switching solutions.

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

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