Today, Integrated Device Technology Inc. (IDTI) VP Matthew D. Brandalise Sold 9,500 Shares

Today, Integrated Device Technology Inc. (IDTI) VP Matthew D. Brandalise Sold 9,500 Shares

Integrated Device Technology Inc. (NASDAQ:IDTI) VP Matthew D. Brandalise sold 9,500 shares of Integrated Device Technology stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $25.53, for a total value of $242,535.00. Following the transaction, the vice president now owns 71,073 shares of the company’s stock, valued at $1,814,493.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Integrated Device Technology Inc. (NASDAQ:IDTI) traded down 1.37% during trading on Monday, reaching $25.28. The company’s stock had a trading volume of 997,515 shares. The company has a market capitalization of $3.39 billion, a PE ratio of 22.23 and a beta of 2.15. Integrated Device Technology Inc. has a 52 week low of $16.22 and a 52 week high of $29.04. The company has a 50 day moving average price of $22.36 and a 200-day moving average price of $21.50.

Integrated Device Technology (NASDAQ:IDTI) last posted its quarterly earnings data on Monday, October 31st. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Integrated Device Technology had a return on equity of 25.09% and a net margin of 21.49%. The company earned $184.10 million during the quarter, compared to analysts’ expectations of $183.99 million. During the same period last year, the firm earned $0.35 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts anticipate that Integrated Device Technology Inc. will post $1.40 earnings per share for the current year.

Several research analysts recently weighed in on IDTI shares. Charter Equity upgraded Integrated Device Technology from a “market perform” rating to a “buy” rating in a research report on Tuesday, November 1st. Roth Capital started coverage on Integrated Device Technology in a research report on Wednesday, September 28th. They set a “buy” rating and a $26.00 price target for the company. Zacks Investment Research upgraded Integrated Device Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, October 5th. Brean Capital reiterated a “buy” rating and set a $25.00 price target (up from $23.00) on shares of Integrated Device Technology in a research report on Wednesday, November 2nd. Finally, Barclays PLC cut their price objective on Integrated Device Technology from $21.00 to $19.00 and set an “underweight” rating for the company 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 given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $26.20.

Several institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Integrated Device Technology by 12.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,657 shares of the company’s stock worth $108,000 after buying an additional 504 shares during the period. Advisor Group Inc. acquired a new position in shares of Integrated Device Technology during the second quarter worth about $114,000. First Interstate Bank increased its position in shares of Integrated Device Technology by 0.7% in the second quarter. First Interstate Bank now owns 7,097 shares of the company’s stock worth $143,000 after buying an additional 48 shares during the period. LS Investment Advisors LLC increased its position in shares of Integrated Device Technology by 72.7% in the second quarter. LS Investment Advisors LLC now owns 8,151 shares of the company’s stock worth $164,000 after buying an additional 3,432 shares during the period. Finally, Cantab Capital Partners LLP acquired a new position in shares of Integrated Device Technology during the second quarter worth about $166,000. 94.66% of the stock is owned by institutional investors and hedge funds.

Integrated Device Technology Company Profile

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