One68 Global Capital LLC purchased a new stake in Integrated Device Technology Inc (NASDAQ:IDTI) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 73,000 shares of the semiconductor company’s stock, valued at approximately $3,576,000. Integrated Device Technology accounts for approximately 10.7% of One68 Global Capital LLC’s holdings, making the stock its 3rd largest holding.
A number of other hedge funds have also modified their holdings of IDTI. Rockefeller Capital Management L.P. acquired a new position in Integrated Device Technology in the first quarter valued at $30,000. Oregon Public Employees Retirement Fund increased its stake in Integrated Device Technology by 4,743.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,461,697 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 2,410,867 shares during the period. Enlightenment Research LLC acquired a new position in Integrated Device Technology in the fourth quarter valued at $102,000. ETF Managers Group LLC increased its stake in Integrated Device Technology by 9.7% in the first quarter. ETF Managers Group LLC now owns 4,684 shares of the semiconductor company’s stock valued at $229,000 after purchasing an additional 416 shares during the period. Finally, Piedmont Investment Advisors Inc. acquired a new position in Integrated Device Technology in the fourth quarter valued at $274,000. 91.32% of the stock is owned by institutional investors.
Separately, BidaskClub lowered shares of Integrated Device Technology from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 14th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Integrated Device Technology presently has an average rating of “Hold” and an average price target of $43.50.
Shares of NASDAQ:IDTI remained flat at $$48.99 during midday trading on Friday. The stock has a market cap of $6.33 billion, a PE ratio of 38.57, a price-to-earnings-growth ratio of 3.72 and a beta of 1.22. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 0.10. Integrated Device Technology Inc has a 1 year low of $27.71 and a 1 year high of $49.00.
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Integrated Device Technology Profile
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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