Integrated Device Technology Inc (NASDAQ:IDTI) SVP Sailesh Chittipeddi sold 25,000 shares of the business’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $32.37, for a total transaction of $809,250.00. Following the sale, the senior vice president now directly owns 178,078 shares of the company’s stock, valued at $5,764,384.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Sailesh Chittipeddi also recently made the following trade(s):
- On Tuesday, January 30th, Sailesh Chittipeddi sold 5,045 shares of Integrated Device Technology stock. The shares were sold at an average price of $31.23, for a total transaction of $157,555.35.
Integrated Device Technology Inc (NASDAQ IDTI) traded up $0.53 during trading hours on Tuesday, hitting $32.70. 975,800 shares of the company traded hands, compared to its average volume of 1,439,869. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.62 and a quick ratio of 5.01. The firm has a market cap of $4,332.73, a price-to-earnings ratio of -1,089.64, a price-to-earnings-growth ratio of 3.18 and a beta of 1.88. Integrated Device Technology Inc has a 1-year low of $22.70 and a 1-year high of $34.13.
Integrated Device Technology (NASDAQ:IDTI) last issued its quarterly earnings data on Monday, January 29th. The semiconductor company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. Integrated Device Technology had a negative net margin of 0.33% and a positive return on equity of 20.26%. The firm had revenue of $217.10 million for the quarter, compared to analyst estimates of $215.32 million. During the same quarter in the previous year, the business posted $0.35 EPS. The firm’s revenue was up 23.1% compared to the same quarter last year. equities research analysts forecast that Integrated Device Technology Inc will post 1.15 EPS for the current year.
A number of hedge funds have recently modified their holdings of IDTI. Thompson Davis & CO. Inc. lifted its holdings in Integrated Device Technology by 285.7% in the 4th quarter. Thompson Davis & CO. Inc. now owns 6,750 shares of the semiconductor company’s stock worth $201,000 after buying an additional 5,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Integrated Device Technology by 47.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,623 shares of the semiconductor company’s stock worth $227,000 after buying an additional 2,441 shares in the last quarter. Harbour Capital Advisors LLC acquired a new position in Integrated Device Technology in the 3rd quarter worth $239,000. ClariVest Asset Management LLC acquired a new position in Integrated Device Technology in the 3rd quarter worth $263,000. Finally, Systematic Financial Management LP acquired a new position in Integrated Device Technology in the 4th quarter worth $296,000. Hedge funds and other institutional investors own 97.11% of the company’s stock.
Several analysts have recently issued reports on the stock. BidaskClub raised shares of Integrated Device Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, January 24th. KeyCorp boosted their price objective on shares of Integrated Device Technology from $33.00 to $37.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Needham & Company LLC restated a “buy” rating and set a $38.00 target price (up previously from $36.00) on shares of Integrated Device Technology in a report on Tuesday, January 30th. Craig Hallum restated a “buy” rating and set a $40.00 target price (up previously from $36.00) on shares of Integrated Device Technology in a report on Tuesday, January 30th. Finally, Barclays upgraded shares of Integrated Device Technology from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $28.00 to $33.00 in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the stock. Integrated Device Technology presently has an average rating of “Buy” and a consensus price target of $33.36.
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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.
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