The Brean Capital Reiterates "Buy" Rating for Integrated Device Technology Inc. (IDTI)

Cornelia Mascio
Novembre 14, 2017

1492 Capital Management Llc, which manages about $188.45 million and $113.42M US Long portfolio, upped its stake in Skechers U S A Inc (NYSE:SKX) by 38,735 shares to 126,507 shares, valued at $3.73M in 2017Q2, according to the filing. Legal & General Group Plc now owns 85,591 shares of the semiconductor company's stock worth $2,026,000 after buying an additional 16,315 shares in the last quarter. Bnp Paribas Arbitrage has 0.01% invested in Integrated Device Technology Inc (NASDAQ:IDTI). State Street Corp now owns 4,850,496 shares of the semiconductor company's stock worth $125,094,000 after purchasing an additional 129,876 shares during the last quarter.

More notable recent Integrated Device Technology Inc (NASDAQ:IDTI) news were published by: Prnewswire.com which released: "Qualcomm Datacenter Technologies to use IDT DDR4 chipset for the Qualcomm ..." on November 08, 2017, also Seekingalpha.com with their article: "Integrated Device Technology (IDTI) Q2 2018 Results - Earnings Call Transcript" published on October 31, 2017, Prnewswire.com published: "Stocks Under Scanner in the Semiconductor Space - Integrated Device ..." on October 23, 2017. Rice Hall James & Associates LLC boosted its stake in Integrated Device Technology by 5.2% in the second quarter.

Rothschild Asset Management Inc sold 203,877 shares last quarter decreasing its stake in Integrated Devices (IDTI) by 18.7%. Institutional investors and hedge funds own 97.50% of the company's stock.

COPYRIGHT VIOLATION NOTICE: "Integrated Device Technology, Inc". If you are reading this piece of content on another website, it was illegally stolen and republished in violation of United States and worldwide trademark and copyright laws. Snow Capital Management Lp acquired 777,657 shares as Integrated Device Technology I (IDTI)'s stock declined 2.95%. Finally, BidaskClub downgraded shares of Integrated Device Technology from a "buy" rating to a "hold" rating in a research report on Saturday, August 5th. Barclays PLC lifted their price target on shares of Integrated Device Technology from $22.00 to $24.00 and gave the stock an underweight rating in a research note on Wednesday, October 18th.

On October 31 Needham & Company LLC left the company rating at "Buy" with a current price target of $36.00. November 1 investment analysts at KeyCorp made no change to the stock rating of "Buy" projecting a price of $33.00. Integrated Device Technology Inc (NASDAQ:IDTI) has risen 12.80% since November 14, 2016 and is uptrending. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company's stock. The company has a consensus rating of Buy and a consensus price target of $32.23. Integrated Device Technology has a 52 week low of $16.22 and a 52 week high of $29.04. Numis Securities maintained UNITE Group plc (LON:UTG) on Wednesday, February 22 with "Buy" rating. It also reduced Gentherm Inc (NASDAQ:THRM) stake by 58,850 shares and now owns 197,695 shares. The company has a market cap of $4,420.74, a P/E ratio of 30.25, a PEG ratio of 3.22 and a beta of 1.98. The company has a quick ratio of 4.80, a current ratio of 5.42 and a debt-to-equity ratio of 0.41. Finally, Zacks Investment Research upgraded shares of Integrated Device Technology from a sell rating to a hold rating in a research note on Friday, September 1st. The semiconductor company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. Aqr Cap Mgmt Llc has invested 0.01% in Integrated Device Technology Inc (NASDAQ:IDTI). The company had revenue of $204.40 million during the quarter, compared to analysts' expectations of $200.99 million. Northern Trust Corp boosted its stake in shares of Integrated Device Technology by 1.7% in the second quarter. During the same period in the prior year, the business earned $0.34 EPS.

In related news, VP Chris Allexandre sold 1,028 shares of the stock in a transaction on Monday, November 6th. The rating was initiated by Charter Equity with "Buy" on Monday, October 26. Trigran Investments stated it has 1.51M shares. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Several large investors have recently bought and sold shares of the stock. It dropped, as 31 investors sold IDTI shares while 75 reduced holdings. Amalgamated Bank owns 18,411 shares with a value of $489,000. The disclosure for this sale can be found here. Following the transaction, the insider now owns 138,993 shares in the company, valued at approximately $4,408,857.96.

Integrated Device Technology, Inc develops system-level solutions that optimize its customers' applications.

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