Trade Report: Today, Great West Life Assurance Co. Can Holds Stake in Integrated Device Technology Inc. (IDTI)

Today, Great West Life Assurance Co. Can Holds Stake in Integrated Device Technology Inc. (IDTI)

Great West Life Assurance Co. Can maintained its position in Integrated Device Technology Inc. (NASDAQ:IDTI) during the third quarter, Holdings Channel reports. The institutional investor owned 80,524 shares of the company’s stock at the end of the third quarter. Great West Life Assurance Co. Can’s holdings in Integrated Device Technology were worth $1,860,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IDTI. Quotient Investors LLC boosted its stake in Integrated Device Technology by 51.0% in the second quarter. Quotient Investors LLC now owns 15,100 shares of the company’s stock valued at $304,000 after buying an additional 5,100 shares in the last quarter. Dalton Greiner Hartman Maher & Co. boosted its stake in Integrated Device Technology by 4.0% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 567,007 shares of the company’s stock valued at $11,414,000 after buying an additional 21,799 shares in the last quarter. Capstone Asset Management Co. boosted its stake in Integrated Device Technology by 14.1% in the second quarter. Capstone Asset Management Co. now owns 15,906 shares of the company’s stock valued at $320,000 after buying an additional 1,960 shares in the last quarter. LaSalle Street Capital Management LLC boosted its stake in Integrated Device Technology by 2.1% in the second quarter. LaSalle Street Capital Management LLC now owns 13,854 shares of the company’s stock valued at $279,000 after buying an additional 290 shares in the last quarter. Finally, Copper Rock Capital Partners LLC boosted its stake in Integrated Device Technology by 1.6% in the second quarter. Copper Rock Capital Partners LLC now owns 991,489 shares of the company’s stock valued at $19,959,000 after buying an additional 15,417 shares in the last quarter. 94.66% of the stock is owned by institutional investors.

Shares of Integrated Device Technology Inc. (NASDAQ:IDTI) traded down 1.37% during midday trading on Monday, reaching $25.28. 997,515 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $22.36 and its 200-day moving average is $21.50. The stock has a market cap of $3.39 billion, a PE ratio of 22.23 and a beta of 2.15. Integrated Device Technology Inc. has a 12-month low of $16.22 and a 12-month high of $29.04.

Integrated Device Technology (NASDAQ:IDTI) last issued its earnings results on Monday, October 31st. The company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.01. Integrated Device Technology had a net margin of 21.49% and a return on equity of 25.09%. The firm earned $184.10 million during the quarter, compared to analyst estimates of $183.99 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. Integrated Device Technology’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts expect that Integrated Device Technology Inc. will post $1.40 EPS for the current year.

Several analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Integrated Device Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, October 5th. Brean Capital restated a “buy” rating and set a $25.00 price objective (up previously from $23.00) on shares of Integrated Device Technology in a research report on Wednesday, November 2nd. Roth Capital began coverage on shares of Integrated Device Technology in a research report on Wednesday, September 28th. They set a “buy” rating and a $26.00 price objective on the stock. Barclays PLC lowered their price objective on shares of Integrated Device Technology from $21.00 to $19.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 2nd. Finally, Craig Hallum lowered their price objective on shares of Integrated Device Technology from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Integrated Device Technology presently has an average rating of “Buy” and an average price target of $26.20.

In related news, Director Norman P. Taffe sold 7,000 shares of the company’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $24.35, for a total transaction of $170,450.00. Following the completion of the transaction, the director now owns 30,957 shares in the company, valued at $753,802.95. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Matthew D. Brandalise sold 9,500 shares of the company’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $25.53, for a total transaction of $242,535.00. Following the transaction, the vice president now owns 71,073 shares of the company’s stock, valued at approximately $1,814,493.69. The disclosure for this sale can be found here. Corporate insiders own 1.38% of the company’s stock.

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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