Tibra Equities Europe Ltd Invests $1.59 Million in Integrated Device Technology Inc (IDTI) Stock

Tibra Equities Europe Ltd acquired a new position in shares of Integrated Device Technology Inc (NASDAQ:IDTI) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 49,768 shares of the semiconductor company’s stock, valued at approximately $1,587,000.

A number of other institutional investors have also recently made changes to their positions in IDTI. Atria Investments LLC acquired a new position in shares of Integrated Device Technology during the 2nd quarter worth $200,000. First Dallas Securities Inc. acquired a new position in shares of Integrated Device Technology during the 1st quarter worth $238,000. Zeke Capital Advisors LLC acquired a new position in shares of Integrated Device Technology during the 1st quarter worth $241,000. Natixis acquired a new position in shares of Integrated Device Technology during the 1st quarter worth $244,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Integrated Device Technology during the 1st quarter worth $266,000. Institutional investors own 95.68% of the company’s stock.

A number of equities analysts have recently weighed in on IDTI shares. TheStreet raised shares of Integrated Device Technology from a “c+” rating to a “b” rating in a research note on Wednesday, May 23rd. Cowen set a $37.00 price objective on shares of Integrated Device Technology and gave the company a “buy” rating in a research note on Tuesday, June 12th. Zacks Investment Research raised shares of Integrated Device Technology from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Saturday, June 9th. BidaskClub cut shares of Integrated Device Technology from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 8th. Finally, ValuEngine raised shares of Integrated Device Technology from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $38.13.

Shares of NASDAQ IDTI opened at $37.67 on Monday. The stock has a market capitalization of $4.87 billion, a P/E ratio of 29.66, a price-to-earnings-growth ratio of 2.11 and a beta of 1.82. Integrated Device Technology Inc has a 52 week low of $23.31 and a 52 week high of $37.92. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.98 and a current ratio of 5.66.

Integrated Device Technology (NASDAQ:IDTI) last issued its quarterly earnings data on Monday, July 30th. The semiconductor company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.01. The firm had revenue of $228.52 million for the quarter, compared to analysts’ expectations of $226.91 million. Integrated Device Technology had a net margin of 0.21% and a return on equity of 26.05%. The firm’s revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.33 EPS. equities research analysts expect that Integrated Device Technology Inc will post 1.46 earnings per share for the current year.

In other Integrated Device Technology news, CEO Gregory L. Waters sold 20,000 shares of the company’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $34.46, for a total value of $689,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP David Shepard sold 6,000 shares of the company’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $35.82, for a total transaction of $214,920.00. Following the completion of the transaction, the vice president now owns 73,569 shares in the company, valued at $2,635,241.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 107,363 shares of company stock worth $3,656,227. 1.23% of the stock is owned by insiders.

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

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